PAUL KRUGMAN
Capitalism hasn’t failed — we’ve actually greatly benefited from freer market
Schumpeterians believe that government attempts to help, help and help again are the root cause of all that has gone wrong. They link this to declining GDP growth, angst among workers that 'decent jobs' are disappearing, rising inequalities, a soaring number of billionaires, rising inflation, crazy stock market valuations, Trumpist populism, protectionism and soaring fiscal deficits.
China is ‘bizarrely unwilling’ to boost demand, Paul Krugman says
Nobel laureate Paul Krugman criticised China's reliance on production over consumer demand, warning of global consequences. Chinese economist Li Daokui called for increased central government debt to drive growth. Krugman questions Japan's panic over a weak yen, while emphasizing the need for rate cuts.
Economists, Get Your Cookbooks Out!
We suggest a few economists pick up the ladle with one hand and a pen with the other and leave their mark in the gastronomic field. Jean Drèze should, for instance, call out Thomas Piketty and insist that ‘French fries’ are closer to Belgian friterie than the French (pommes) frites.
Resist siren song of cheap loans aroad
Larry Summers and Paul Krugman expect interest rates to remain low for the foreseeable future. Their thesis of ‘secular stagnation’ says ageing populations who spend less than youngsters, plus the shift from capital-intensive manufacturing to capital-light services, will permanently create a savings glut, keeping interest rates low.
Focus on manufacturing for high growth, job creation: D Subbarao
For the next 10 years, focus on low skilled manufacturers but at the same time focus on improving the skill endowments so that we can move up the value chain, says the former RBI Governor.
India should not go back to licence raj regime: Nobel prize-winning economist Paul Krugman
The licence raj, which involved an elaborate system of licences and regulations that were required to set up and run businesses in the country, was dismantled with the liberalisation policy introduced in 1991.
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India's big bonanza is its investment in health, social protection and stabilising the economy: Junaid Kamal Ahmad
Covid crisis is a supply shock in the system through a health emergency, says World Bank’s India chief.
When two Nobel laureates, Abhijit Vinayak Banerjee and Paul Krugman met at ET GBS 2015
At the 2015 ET Global Business Summit, 2019 Economics Nobel laureate Abhijit Vinayak Banerjee and 2008 Economics Nobel laureate Paul Krugmanshared the stage to discuss matters that, five years later, are relevant more than ever.
Krugman sees possible US recession with little Fed reserve wiggle room
“Let’s put it this way, our current Treasury Secretary is no Hank Paulson,” he said.
Market Movers: Economist warns of looming US recession; govt to sell 3% Axis Bank stake & more on Angel tax
Here’s a lowdown on top macro triggers that may move market on February 12, 2019.
Paul Krugman sees possible US recession with little Fed wiggle room
Nobel laureate Paul Krugman, a vocal critic of the Trump, warned that the US could be heading into a recession.
Why Paul Krugman would pause rate hikes if he was Fed Chair
"Don't hike until you see the whites of inflation's eyes."
Nobel-winner Paul Krugman warns India story could end with mass unemployment
Krugman said India's growth story was incredible but it never got the attention it deserved because China hogged the world's attention.
Modi's note ban can't kill corruption, it could damage Indian economy significantly: Paul Krugman
"It was puzzling move, an attempt to flush out corruption with a very blunt instrument. There is a lot of collateral damage," the Nobel laureate said.
need2know: 10 facts to know before starting your day on D-Street
Activity in India's services sector expanded at its fastest pace in eight months in June, as new business orders surged
Paul Krugman blames demonetisation, RBI & strong rupee for tepid growth
Diagnosing what limits economic expansion, Krugman blamed the sudden demonetisation announced last Nov, the continuing tight monetary policy and a strong Re which makes exports uncompetitive.
Paul Krugman says RBI should cut rates
"I don't why the monetary policy in India is so tight if we have such inflation performance we will be looking at looser monetary policies," said Krugman.
Financial markets hate uncertainty and Mr Trump is all about that; here's how
Big changes often start in small and inconspicuous ways, and it's entirely legitimate for the president to use his position to promote a broader shift in values.
Japan turns again to Ben Bernanke, as fruits of Abenomics wither
Less than three weeks before the Bank of Japan’s next scheduled policy meeting, Governor Haruhiko Kuroda met with former Federal Reserve Chairman Ben S. Bernanke over lunch on Monday.
This investor would buy 'anything and everything Greek' if it left the euro
While the economic data of Greece was shockingly bad, the rest of Europe seems to have shaken off the Greek drama and continued expanding.
Paul Krugman: Of course Greece had a plan for a new currency
Krugman said that Greece had a plan to introduce a new currency if it got forced from the euro and he can't believe people are shocked to find this.
Of course Greece had a plan for a new currency: Paul Krugman
Krugman's point, in short, is that any sort of outrage over the existence of what seems like crazy Greek plan "hack" its own banking system.
Paul Krugman: The European project has just been dealt a terrible, perhaps fatal blow
For Paul Krugman, the responsibility falls on the shoulders not of the Greek government, but the rest of Europe. And mostly, Germany.
Greece's 'No' vote is a win for Europe: Nobel Laureate Paul Krugman
Greece has voted a resounding "No" in its referendum on whether to accept the latest bailout proposal from its European creditors.
Mark Dow: Relax, people, this Greece thing won't be as bad as you think
Mark Dow thinks going back to its own currency is the only way for Greece to get its economy going again. The transition will never be easy. So better now than later.
Europe is crazy to let Greece implode, but, given this, Greece is doing the right thing: Krugman
For the past 7 years, Krugman argues, the financial noose Europe has placed around Greece's neck has strangled the Greek economy.
China cracks nearly 8%; FIIs may find safe haven in Indian markets
Shanghai Composite Index also lost 7.7 pc to 3,116.35 points. The falls were the biggest for both indexes since June 10, 2008.
ET GBS: US commitment to openness in trade and commerce vital for India, says CEA Arvind Subramanian
Chief economic advisor Arvind Subramanian says US Senate bill on immigration is adverse, even hostile, to Indian skilled labour exports
PM Narendra Modi, top thinkers and industrialists to mull India’s future at ET Summit on Jan 16-17
ET, India’s biggest business newspaper with its signature indepth political reportage and analysis, is bringing together political heavyweights.
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