Crisis
Paul Krugman's call to arms against austerity | Business | The Guardian
08/05/13 11:18
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Paul Krugman's call to arms against austerity
An interview with the Nobel prize-winning economist, whose book roundly attacks the 'delusional' deficit-reduction strategy
Phillip Inman, economics correspondent The Guardian, Monday 6 May 2013 14.16 BST
US Nobel prize-winning economist Paul Krugman. Photograph: Then Chih Wey/Xinhua Press/Corbis
Paul Krugman has just passed the landmark 1 million followers on Twitter. Not bad for an academic economist, albeit one with a Nobel prize under his arm, a prominent position at Princeton University, and a New York Times blog. His following is a reward for battling the conventional wisdom that austerity can foster a recovery. From the moment Lehman Brothers was allowed to crash, it seemed that only Krugman, his compatriot Joseph Stiglitz, another Nobel prizewinner for the liberal cause, and New York professor Nouriel Roubini, who had loudly predicted the crash, consistently confronted the "austerians" in Washington, Brussels and the UK Treasury. http://www.guardian.co.uk/business/2013/may/06/paul-krugman-battle-against-austerity/print Pagina 1 di 4
Paul Krugman's call to arms against austerity | Business | The Guardian
08/05/13 11:18
More than four years on, austerity is being questioned as never before, not least because most countries implementing a deficit-reduction policy have failed to grow. Krugman, his blog and comments on Twitter, have become the focal point for objectors worldwide. Speaking to the Guardian to publicise the second edition of his book End This Depression Now, he argues that his battle will go on until policymakers realise that their reliance on deficit reduction is a "delusional" misreading of basic economics. But despite his persistent criticism, austerity remains the default position for most western governments. For such a sophisticated thinker, Krugman's solution –
08/05/13 11:18
Printing sponsored by:
Paul Krugman's call to arms against austerity
An interview with the Nobel prize-winning economist, whose book roundly attacks the 'delusional' deficit-reduction strategy
Phillip Inman, economics correspondent The Guardian, Monday 6 May 2013 14.16 BST
US Nobel prize-winning economist Paul Krugman. Photograph: Then Chih Wey/Xinhua Press/Corbis
Paul Krugman has just passed the landmark 1 million followers on Twitter. Not bad for an academic economist, albeit one with a Nobel prize under his arm, a prominent position at Princeton University, and a New York Times blog. His following is a reward for battling the conventional wisdom that austerity can foster a recovery. From the moment Lehman Brothers was allowed to crash, it seemed that only Krugman, his compatriot Joseph Stiglitz, another Nobel prizewinner for the liberal cause, and New York professor Nouriel Roubini, who had loudly predicted the crash, consistently confronted the "austerians" in Washington, Brussels and the UK Treasury. http://www.guardian.co.uk/business/2013/may/06/paul-krugman-battle-against-austerity/print Pagina 1 di 4
Paul Krugman's call to arms against austerity | Business | The Guardian
08/05/13 11:18
More than four years on, austerity is being questioned as never before, not least because most countries implementing a deficit-reduction policy have failed to grow. Krugman, his blog and comments on Twitter, have become the focal point for objectors worldwide. Speaking to the Guardian to publicise the second edition of his book End This Depression Now, he argues that his battle will go on until policymakers realise that their reliance on deficit reduction is a "delusional" misreading of basic economics. But despite his persistent criticism, austerity remains the default position for most western governments. For such a sophisticated thinker, Krugman's solution –