Thinking Big Conference, Paul Krugman Keynote, Part I

Nobel Prize-winning Economist and New York Times Columnist Paul Krugman delivers keynote address on the importance of public investment at the Thinking Big, Thinking Forward Conference, hosted by Demos, Economic Policy Institute, the American Prospect, and Campaign for America's Future on February 11th, 2009 in Washington, DC.

Category:

Nonprofits & Activism

Tags:

• Economy
• Public Investment
• Paul Krugman
• Demos

[islandmuffin]

Peer-reviewed study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians.

The peer-reviewed research was published in May 2010 issue of the Econ Journal Watch (EJW), edited by Daniel B. Klein.

Seven Nobel laureates are members of the EJW Advisory Council.

[BranVan10k]

He's not supporting socialism.

[delatroy]

Why is this noble prize winner supporting socialism? It didn't work for Mao, Hitler or the USSR, why should it work for Obama?

[delatroy]

distributing wealth to top earners/performers is a good thing, not bad. Having earned wealth they put their money to work by investing in other productive people to make more money and so on.

[muscle7500]

So you believe the government fairly and efficiently redistributes wealth? From what I can tell, it gets divvied politically, not fairly or efficiently. It's good to see someone call the stimulus like it is, redistribution. Moving money from one pocket to another, while dropping some change along the way as interest. We are in danger of making one big greedy king (the government) instead of a bunch of them (corporations). Corporations can't jail me for boycotting their product.

[jvincentp]

Nice to hear EPI (the Economic Policy Institute) get some props from Krugman...

[jvincentp]

Wrong...you need both innovation/production and redistribution. Especially given the trend in the redistribution of income to the top 1% over the past 30 years (and especially the past eight). How else do you plan to redress the ongoing decoupling of productivity growth and wage growth that has increased inequality over the past 15 or so years?

[muscle7500]

Sad that he doesn't mention how the stimulus will help the US produce more on the world stage.  Keynesian multipliers really only work if we are able to increase production, otherwise we are only putting money from one pocket into another. We need innovation and production, not redistribution.

[EFnex111]

Part one? are you going to put the rest of this up?

If not is there some where else I can see it?