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Peddling Prosperity : Economic Sense and Nonsense in the Age of Diminished Expectations

Paul Krugman

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Peddling Prosperity : Economic Sense and Nonsense in the Age of Diminished Expectations

by Paul Krugman
Peddling Prosperity : Economic Sense and Nonsense in the Age of Diminished Expectations - Thryft
Peddling Prosperity : Economic Sense and Nonsense in the Age of Diminished Expectations - Thryft
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Peddling Prosperity : Economic Sense and Nonsense in the Age of Diminished Expectations

by Paul Krugman
Condition guide

Book Condition Guide

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ISBN: 9780393036022
Author: Paul Krugman
Publisher: W W Norton & Co Inc
Date of Publication: 1994-01-01
Format: Hardcover
Related Collections: Business, Politics, Economics, History
Related Topics: Finance, History, Social Science, Finance, Politics
Goodreads rating: 3.92
(rated by 586 readers)

Description

The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. Above all, they have been the age of the policy entrepreneur - the economic snake-oil salesman, right or left, who offers easy answers to hard problems.It started with the conservative economists - Milton Friedman at their head - who made powerful arguments against activist government that had liberals on the defensive for many years. Yet when Ronald Reagan brought conservatism to power, it was in the name not of serious thinkers but of the supply-siders, whose ideas were cartoon-like in their simplicity. And when the dust settled, it was clear that the supply-side treatment not only had cured nothing, but had left behind a $3 trillion bill.Meanwhile, the intellectual pendulum had swung. In the 1980s, even while conservatives ruled in Washington, economic ideas that justified government activism were experiencing a strong revival. But the liberals, it turns out, have their own the strategic traders, whose simplistic vision of a U.S. economy locked in win-lose competition with other countries proved far more appealing to politicians than less-dramatic truth. And it seems all too likely that the new patent medicine will do as much harm as the previous one.In this provocative book, Paul Krugman traces the swing of the ideological pendulum, from left to right and back again, and the strange things that happen to economic ideas on their way to power.
 
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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