Shortly after its publication, Newsweek called it "the best primer around on recent U.S. economic history."[1] In the book Krugman covers the US productivity slowdown that has occurred since the 1970s, changes in the ideology among economists, and offers critiques of both conservative supply side economics and liberal support for government intervention in the form of "strategic policy".[1] Krugman argues the rise of the supply-side economics is produced by the inability of opposing economists to convincingly explain certain economic phenomena, such as the US productivity slowdown.[2] He criticizes monetarism, rational expectations theory, and conservative economists' views on taxes and regulation.[3]
One of the major themes of the book is that the difference between real economic theory and "policy entrepreneurs", who peddle politically popular but academically wrong ideas, is as important as the polarization between the political left and right in America.[4] Krugman describes these "policy entrepreneurs" as non-academics who promote particular intellectual positions and ideological policy prescriptions in areas where a problem is perceived to exist.[2] The success of these so-called "policy entrepreneurs", according to Krugman's is at least partly due to the unwillingness and inability of competing economists to effectively communicate their opposing ideas in a rationally received manner; a shortcoming which Krugman's book is meant to address.[2]
A portion of the subtitle of the book refers to an earlier book by Krugman, Age of Diminished Expectations (1990).
^Robert Kuttner, American Prospect, 9/96, "SYNOPSIS: Claims Krugman is a Economic do-nothing, twiddling thumbs while America burns. Liberalism should be more active", [2]
peddling, prosperity, economic, sense, nonsense, diminished, expectations, book, nobel, laureate, york, times, columnist, paul, krugman, first, published, 1994, norton, company, authorpaul, krugmancountryunited, stateslanguageenglishsubjecteconomy, united, sta. Peddling Prosperity Economic Sense and Nonsense in an Age of Diminished Expectations is a book by Nobel laureate and New York Times columnist Paul Krugman first published in 1994 by W W Norton amp Company Peddling ProsperityAuthorPaul KrugmanCountryUnited StatesLanguageEnglishSubjectEconomy of the United StatesGenreNon fictionPublisherW W Norton amp CompanyPublication date1994Media typePrint e bookPages320 pp ISBN978 0393312928Overview editShortly after its publication Newsweek called it the best primer around on recent U S economic history 1 In the book Krugman covers the US productivity slowdown that has occurred since the 1970s changes in the ideology among economists and offers critiques of both conservative supply side economics and liberal support for government intervention in the form of strategic policy 1 Krugman argues the rise of the supply side economics is produced by the inability of opposing economists to convincingly explain certain economic phenomena such as the US productivity slowdown 2 He criticizes monetarism rational expectations theory and conservative economists views on taxes and regulation 3 One of the major themes of the book is that the difference between real economic theory and policy entrepreneurs who peddle politically popular but academically wrong ideas is as important as the polarization between the political left and right in America 4 Krugman describes these policy entrepreneurs as non academics who promote particular intellectual positions and ideological policy prescriptions in areas where a problem is perceived to exist 2 The success of these so called policy entrepreneurs according to Krugman s is at least partly due to the unwillingness and inability of competing economists to effectively communicate their opposing ideas in a rationally received manner a shortcoming which Krugman s book is meant to address 2 A portion of the subtitle of the book refers to an earlier book by Krugman Age of Diminished Expectations 1990 References edit a b Marc Levinson of Newsweek 1 a b c http www wjh harvard edu soc faculty winship policy entrepreneurs pdf bare URL PDF Robert Kuttner American Prospect 9 96 SYNOPSIS Claims Krugman is a Economic do nothing twiddling thumbs while America burns Liberalism should be more active 2 Sylvia Nasar Economic Snake Oil The New York Times Books March 13 1994 3 nbsp This article about a book on economics or finance is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Peddling Prosperity amp oldid 1145132710, wikipedia, wiki, book, books, library,
