Paul Krugman

@paulkrugman ↗

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Last Checked July 22, 2020

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Mon Jun 24 11:05:20 +0000 2019

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Paul Krugman @paulkrugman

So Samuelson's complaint about "economics" is really a complaint about one book – a book that has from the beginning downplayed recessions and crises. When Robin and I wrote our book, we decided from the 1st edition that short-run fluctuations were still a big deal 3/ — PolitiTweet.org

Posted June 24, 2019 Hibernated

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Paul Krugman @paulkrugman

And here's the thing: Samuelson's big complaints about Mankiw are that he doesn't talk much about the Great Recession or the risks of financial panic. Um, our textbook talks a LOT about the GR and about how shadow banking brought a modern version of bank runs back 2/ — PolitiTweet.org

Posted June 24, 2019 Hibernated

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Paul Krugman @paulkrugman

1st edition was 2005, by the way, so this was before the Great Recession – but we had been strongly influenced by the Asian crisis of the 1990s. At the time, by the way, Samuelson was dismissing macroeconomics as useless 4/ https://t.co/JRR81BOwZE — PolitiTweet.org

Posted June 24, 2019 Hibernated