Peddling prosperity

economic sense and nonsense in the age of diminished expectations

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Peddling prosperity
Paul R. Krugman
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Last edited by MARC Bot
July 24, 2024 | History

Peddling prosperity

economic sense and nonsense in the age of diminished expectations

  • 3.50 ·
  • 2 Ratings
  • 12 Want to read
  • 1 Currently reading
  • 2 Have read

The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. Above all, they have been the age of the policy entrepreneur - the economic snake-oil salesman, right or left, who offers easy answers to hard problems.

It started with the conservative economists - Milton Friedman at their head - who made powerful arguments against activist government that had liberals on the defensive for many years. Yet when Ronald Reagan brought conservatism to power, it was in the name not of serious thinkers but of the supply-siders, whose ideas were cartoon-like in their simplicity. And when the dust settled, it was clear that the supply-side treatment not only had cured nothing, but had left behind a $3 trillion bill.

Meanwhile, the intellectual pendulum had swung. In the 1980s, even while conservatives ruled in Washington, economic ideas that justified government activism were experiencing a strong revival. But the liberals, it turns out, have their own supply-siders: the strategic traders, whose simplistic vision of a U.S. economy locked in win-lose competition with other countries proved far more appealing to politicians than less-dramatic truth.

And it seems all too likely that the new patent medicine will do as much harm as the previous one. In this provocative book, Paul Krugman traces the swing of the ideological pendulum, from left to right and back again, and the strange things that happen to economic ideas on their way to power.

Publish Date
Publisher
W.W. Norton
Language
English
Pages
303

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Previews available in: English

Edition Availability
Cover of: Peddling prosperity
Cover of: Peddling Prosperity
Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations
April 1995, W. W. Norton & Company
in English
Cover of: Peddling prosperity
Cover of: Peddling prosperity

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Book Details


Edition Notes

Includes index.

Published in
New York

Classifications

Dewey Decimal Class
330.15/6
Library of Congress
HB99.7 .K77 1994

The Physical Object

Pagination
xv, 303 p. ;
Number of pages
303

ID Numbers

Open Library
OL18277893M
ISBN 10
0393036023
LCCN
93029965
OCLC/WorldCat
28585102

Source records

marc_columbia MARC record

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October 15, 2008 Created by ImportBot Imported from bcl_marc record