5 thoughts on “Peddling Prosperity

  1. Krugman’s Peddling Prosperity is a lucid deconstruction of supply-side economics; a strident (and sensible, as far as I can tell) defense of Keynesian theory after its purported demolition by Milton Friedman in the 1970s; an acknowledgment of what conservative economists got right in the 1960s and 1970s; a case against the assertion that Ronald Reagan’s economic policies were catastrophic, as opposed to merely harmful; a plea for economic policy to be better informed by actual economists as oppo

  2. This is a good book for those interested in economic ideas from an economic history standpoint, though it does an admirable job of explaining many economic principles and failed understandings of economic principles. I like this book because it goes beyond the trite debates we have in popularized versions of faulty economic principles: We’re either Keynesian or pro-free markets… that’s rubbish and one of the many politicized false dichotomies of our time. The way risks to economies and societi

  3. What makes this book so great is its honesty. Krugman, despite being an outspoken liberal, is entirely detached in his examination of policy and concedes a vast number of points that serious conservative economists make, while attacking the snake oil of both the right and left – with the latter condemnation probably being even more severe, probably due to it being more relevant at the time that the book was written. Parts of it are no longer all that relevant, especially for European readers lik

  4. I always feel the same way after I finish one of his books: “Man, that makes total sense, how could anyone reasonably disagree that inequality is skyrocketing/we need universal health care/China needs to revalue it’s currency/the Republican Party is insane/free trade rules?” Even his detractors, like the Wall Street Journal editorial crew, or the legions of bloggers who exist only to find fault with his writing, readily admit that he’s been immensely successful as a popularizer of economics and

  5. Krugman has become more partisan since, but this book is balanced and reasonable. I learned a whole lot about economics from reading this account, and the fact that Krugman writes with incredible clarity is partly responsible. This book has inspired me to learn more about the subject and that is the best compliment one can give to such a work.

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