Posts Tagged krugman
Britain isn’t a business (but thankfully businesses aren’t like Britain)
Posted by Stephen Clarke in Economics, Tax and Spend on 13/01/2012
Yesterday on The New York Times online and today in the print edition, economist Paul Krugman discussed why ‘America Isn’t a Corporation’. Krugman makes a number of interesting points that all politicians would do well to remember, however, he perhaps fails to explain one of the most important reasons that a state is not a corporation: that it is not exposed to competitive pressures.
Forget quantitative easing, why not try the Billion Pound Drop!
Posted by Nick Cowen in Economics on 26/08/2011
As the world economy teeters on the edge of another recession, Keynesian-inclined economists are coming up with more and more outlandish ideas for stimulating the economy, from encouraging shoplifting, to faking an alien invasion as an excuse to ramp up military spending. These mechanisms, I will try to argue, while insane, do indicate how current approaches to economic stimulus might be improved.
