Quote by: Paul Krugman

The appeal to the intellectually insecure is also more important than it might seem. Because economics touches so much of life, everyone wants to have an opinion. Yet the kind of economics covered in the textbooks is a technical subject that many people find hard to follow. How reassuring, then, to be told that it is all irrelevant -- that all you really need to know are a few simple ideas! Quite a few supply-siders have created for themselves a wonderful alternative intellectual history in which John Maynard Keynes was a fraud, Paul Samuelson and even Milton Friedman are fools, and the true line of deep economic thought runs from Adam Smith through obscure turn-of-the-century Austrians straight to them.


Share this:  

Author Bio


  • NamePaul Krugman
  • DescriptionAmerican economist
  • BornFebruary 28, 1953
  • CountryUnited States Of America
  • ProfessionColumnist; Economist; Essayist; Blogger
  • AwardsAdam Smith Award; Princess Of Asturias Award - Social Sciences; Four Freedoms Award - Freedom Of Speech