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Paul Krugman Quotes

Economist

Paul Krugman is a renowned economist known for his contributions to macroeconomic policy and international trade. He won the Nobel Prize in Economics in 1991 and is considered one of the leading figures in the New Keynesian economics school.

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All People Ifs Economics Political Economy Has Beens Thinking World Economic Policy

Famous Paul Krugman Quotes

“Rising inequality isn’t about who has the knowledge; it’s about who has the power.”

Inequality Rising

Author:Paul Krugman

“Whenever you see some business person quoted complaining about how he or she can't find workers with the necessary skills, ask what wage they're offering. Almost always it turns out what said business person really wants is highly (and expensively) educated workers at a manual-labor wage. No wonder they come up short.”

Want Persons Said Turns Asks Wonder Skills Labor Workers Come Up Complaining Educated Offering Manuals Business Person Manual Labor

Author:Paul Krugman

“Bad ideas flourish because they are in the interest of powerful groups.”

Ideas Interest Powerful Groups Bad Ideas Global Issues

Author:Paul Krugman

“...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.”

Seems Fear Loss Subjects Inspire Weight Limitless Weight Loss Hopes And Fears Gullibility

Author:Paul Krugman

“I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society.”

Years Greater Turning Points Enron Sept 11

Author:Paul Krugman

“A message to progressives: By all means, hang Senator Joe Lieberman in effigy.”

Mean Messages Senators

Author:Paul Krugman

“Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now.”

Years Real Happens Taxes Solutions Combination Revenue Medicare Vat Sales Tax

Author:Paul Krugman

“Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment industry as a whole?”

Persons Different Whole Stories Asks Industry Investment Obvious Corruption Tales Scandal Madoff

Author:Paul Krugman

“We have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.”

Littles Happens Political Effects Evidence Raises Workers Employment Hiking Minimum Earning Minimum Wage Adverse Adverse Effects

Author:Paul Krugman

“In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.”

“Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.”

Modern Republican Normal Outrageous Bipartisan Mendacity

Author:Paul Krugman

“Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.”

People Ifs Knows Way Funny Technology Apples Freak Iphone Gadgets Wednesday Iphone 5

Author:Paul Krugman

“The science fiction world has a lot of people doing seriously imaginative thinking.”

People Thinking World Fiction Science Fiction Imaginative

Author:Paul Krugman

About the Author

Born: February 28, 1953
Known for: Economist
Quotes: 163

Books & Sources

The Great Unraveling: Losing Our Way in the New CenturyRelated source material

Arguing with Zombies: Economics, Politics, and the Fight for a Better FutureRelated source material

CourseSmart E-Book for Macroeconomics: A PDF-style E-BookRelated source material

The Accidental Theorist: And Other Dispatches from the Dismal ScienceRelated source material

The Conscience of a LiberalRelated source material

The Conscience of a Liberal: Reclaiming America From The RightRelated source material

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