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jerryking : paul_krugman   22

How I learnt to love the economic blogosphere
July 27, 2016 | FT.com | Giles Wilkes.

Marginal Revolution
Econlog
Cafe Hayek
Stumbling and Mumbling
Brad Delong
Nick Rowe - Worthwhile Canadian Initiative
Steve Randy Waldman - Interfluidity
Slack Wire - JW Mason

"Sympathetic opinions coalesce in clusters of mutual congratulation (“must read: fellow blogger agreeing with my point of view!”). Dispute is often foully bad-tempered. Opposing positions are usually subject to a three-phased assault of selective quotation, exaggeration and abuse.'..."Lacking an editor to roll their eyes and ask what’s new, many writers soon become stale... Editors exist not only to find interesting pieces to publish but also to hold at bay the unstructured abundance of bilge that we do not need to read."....."...nothing as reliably good as the (eonomics) blogosphere. Some of its advantages are simply practical: free data, synopses of academic papers that the casual dilettante is unlikely to ever come across, a constant sense of what clever people are thinking about. But what is better is how its ungated to-and-fro lets a reader eavesdrop on schools of academic thought in furious argument, rather than just be subject to whatever lecture a professor wishes to deliver. No one learns merely by reading conclusions. It is in the space between rival positions that insight sprouts up, from the synthesis of clashing thoughts. Traditional newspaper columns are delivered as if to an audience of a million, none of whom might reply. The best blogs are the opening salvo in a seminar rather than the last word on the matter. They dumb down less "....."Ancient thinkers such as Adam Smith, John Maynard Keynes and Iriving Fisher were deployed not as some sort of academic comfort blanket but because their insights are still fresh, and beautifully written."..."Reading the economic blogosphere in 2008 felt to me like the modern equivalent of watching Friedrich Hayek, Keynes and Friedman quarrelling in front of a graduate class about how FDR should react to the depression. "...."Interfluidity is where to find such brilliancies as “the moral case for NGDP [Nominal Gross Domestic Product] targeting”, a political look at a seemingly technical subject, and “Greece”, a furious examination of how the term “moral hazard” is being traduced in the euro crisis. "..."Waldman’s thoughts go far beyond such a crude duality. After a long discussion of measurement problems, the institutional constraints on innovation and much more, he zeroes in on how governments build institutions to handle the disruption wrought by technological change. In a few hundred words he flips around Cowen’s stance and, instead of looking at the growth of government as the problem, makes a case for its opposite. Technological change creates concentrations of power, which “demands countervailing state action if any semblance of broad-based affluence and democratic government is to be sustained”. We have always needed institutions to divert spending power to those left behind, otherwise social disaster beckons. "....When reading, look for sources with something new to say!
economics  economists  blogosphere  Tyler_Cowen  Paul_Krugman  Adam_Smith  information_overload  social_media  Brad_Delong  blogs  Friedrich_Hayek  Milton_Friedman  political  economy  editors  tough-mindedness  FDR  Great_Depression  insights  John_Maynard_Keynes  sophisticated  disagreements  argumentation  technological_change  innovation_policies  moral_hazards 
july 2016 by jerryking
Dewey, Cheatem & Howe - The New York Times
SEPT. 25, 2015
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Paul Krugman
Paul_Krugman  economists  Volkswagen 
september 2015 by jerryking
Slavery’s Long Shadow - The New York Times
JUNE 22, 2015
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Paul Krugman
Paul_Krugman  slavery  Jim_Crow  racism  political_economy  Charleston_shootings 
june 2015 by jerryking
The Piketty Panic - NYTimes.com
APRIL 24, 2014
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Paul Krugman
Paul_Krugman  Thomas_Piketty  economists  income_distribution  books 
april 2014 by jerryking
Grand Old Planet - NYTimes.com
By PAUL KRUGMAN
Published: November 22, 2012

What was Mr. Rubio’s complaint about science teaching? That it might undermine children’s faith in what their parents told them to believe. And right there you have the modern G.O.P.’s attitude, not just toward biology, but toward everything: If evidence seems to contradict faith, suppress the evidence.

The most obvious example other than evolution is man-made climate change. As the evidence for a warming planet becomes ever stronger — and ever scarier — the G.O.P. has buried deeper into denial, into assertions that the whole thing is a hoax concocted by a vast conspiracy of scientists. And this denial has been accompanied by frantic efforts to silence and punish anyone reporting the inconvenient facts.
Paul_Krugman  GOP  creationism  inconveniences  man-made 
november 2012 by jerryking
Panic of the Plutocrats - NYTimes.com
By PAUL KRUGMAN
October 9, 2011

a broader syndrome, in which wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.[JCK: overreaction]

Last year, you may recall, a number of financial-industry barons went wild over very mild criticism from President Obama. They denounced Mr. Obama as being almost a socialist for endorsing the so-called Volcker rule, which would simply prohibit banks backed by federal guarantees from engaging in risky speculation. And as for their reaction to proposals to close a loophole that lets some of them pay remarkably low taxes — well, Stephen Schwarzman, chairman of the Blackstone Group, compared it to Hitler’s invasion of Poland.

And then there’s the campaign of character assassination against Elizabeth Warren, the financial reformer now running for the Senate in Massachusetts. Not long ago a YouTube video of Ms. Warren making an eloquent, down-to-earth case for taxes on the rich went viral. Nothing about what she said was radical — it was no more than a modern riff on Oliver Wendell Holmes’s famous dictum that “Taxes are what we pay for civilized society.”
gaming_the_system  overreaction  Paul_Krugman  protests  GOP  hypocrisy  Elizabeth_Warren  Occupy_Wall_Street  Wall_Street  financiers  Stephen_Schwarzman  The_One_Percent  plutocracies  plutocrats  character_assassination  Godwin's_Law  Nazis 
october 2011 by jerryking
Free to Die - NYTimes.com
By PAUL KRUGMAN
Published: September 15, 2011
libertarian  Paul_Krugman  Tea_Party 
september 2011 by jerryking
Wanted: culture of innovation
Sep.16, 2011 | G&M | Kevin Lynch & Munir Sheikh.
“Productivity isn’t everything,” P. Krugman once wrote in his NYT
column, “but in the long run it's almost everything.” Strange that, with
Canada’s poor productivity & innovation performance compared with
the U.S., that we remain complacent. Where’s our sense of urgency?
Innovation doesn’t occur in the abstract – corps. have to manage for it.
Successful innovation happens in 4 distinct areas. Product innovation:
The capacity to introduce new products & services ahead of
competitors, to anticipate consumer needs or even to create them. Mkt.
innovation: The capacity to decide to change its market, whether it’s
geographically, virtually or creatively. Process innovation: The
capacity to change how goods & services are produced and delivered
to reduce cost, improve efficiency and increase convenience for
customers. Org. innovation: The capacity to convert creativity, market
& customer knowledge & technology into marketable innovations.
innovation  productivity  Canadian  Canada  complacency  organizational_culture  organizational_innovation  urgency  Kevin_Lynch  taxonomy  Paul_Krugman  consumer_needs  process_innovation  process_improvements  product_innovation  product-orientated 
september 2011 by jerryking
Op-Ed Columnist - Taking On China - NYTimes.com
September 30, 2010 | New York Times | By PAUL KRUGMAN.
Serious people, appalled by the specter of Congress legislating for
sanctions against China over its currency policy, might believe that the
U.S. would be better off pursuing quiet diplomacy. Diplomacy on
China’s currency has gone nowhere, and will continue going nowhere
unless backed by the threat of retaliation. The hype about trade war is
unjustified — and, anyway, there are worse things than trade conflict.
In a time of mass unemployment, made worse by China’s predatory currency
policy, the possibility of a few new tariffs should be way down on our
list of worries.
China  currencies  Paul_Krugman  predatory_practices  diplomacy  trade_wars  protectionism 
october 2010 by jerryking
The Web Gets Ugly
Dec. 6, 1998 | New York Times Magazine | by Paul Krugman
Information_Rules  informal_economy  Paul_Krugman  economists  economics  Hal_Varian 
july 2009 by jerryking

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