In 'Peddling Prosperity,' Paul R. Krugman unravels the economic rhetoric of the 1990s, revealing how political agendas distorted real economic understanding. With sharp wit and keen insight, he critiques the prevailing ideas of prosperity and the myths surrounding it. Krugman argues that what was presented as a golden era was riddled with contradictions and oversights. This provocative exploration compels readers to question the narratives they've accepted about wealth creation and economic growth. Are we truly as prosperous as we believe, or is it all just an elaborate illusion?
By Paul R. Krugman
Published: 1995
"In the complex game of economics, prosperity is not merely a byproduct of natural resources or labor; it is a crafted state of political will and strategic intervention."
The past twenty years have been an era of economic disappointment in the U.S. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. But strange things have happened to economic ideas on their way to power--they've been hijacked by policy entrepreneurs who offer easy answers to hard problems.
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“In the complex game of economics, prosperity is not merely a byproduct of natural resources or labor; it is a crafted state of political will and strategic intervention.”
Peddling Prosperity
By Paul R. Krugman
Discover a world of knowledge through our extensive collection of book summaries.
Paul R. Krugman is an acclaimed American economist, columnist, and author, known for his influential work in international economics and trade theory. A Nobel Laureate in Economic Sciences, Krugman is a professor at City University of New York and a frequent contributor to The New York Times, where his insights on economic policy and global affairs resonate with a broad audience. Notable works include 'The General Theory of Self-Adjustment,' 'The Conscience of a Liberal,' and 'End This Depression Now!'. Krugman's writing is characterized by clarity and wit, making complex economic concepts accessible to the general public.
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In 'How the Scots Invented the Modern World', Arthur Herman unveils the profound impact of Scotland on the development of modern civilization. He argues that Scottish thinkers and innovations laid the groundwork for the Enlightenment, democracy, and even capitalism. Through fascinating anecdotes and historical insights, Herman illustrates how a small nation influenced global ideas and progress. Discover the remarkable stories of figures such as Adam Smith and David Hume and their revolutionary contributions to society. This compelling narrative will leave you questioning the origins of modern values and the hidden heroes behind them.
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In 'Skin in the Game,' Nassim Nicholas Taleb explores the profound risks of decision-making that doesn't involve personal stakes. He unveils how those with power often evade the consequences of their actions while the vulnerable bear the brunt of systemic failures. Through compelling anecdotes and sharp insights, Taleb emphasizes the importance of having 'skin in the game' in economics, politics, and life. His thought-provoking arguments challenge conventional wisdom and demand accountability in our interconnected worlds. This book is an essential read for anyone seeking to understand the real implications of risk and responsibility.
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