Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 10, 2022

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Sun Oct 16 15:27:23 +0000 2022

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Paul Krugman @paulkrugman

But my last principle was "Simply, simplify". Richly layered discussions of economics and finance can contain valuable insights, but are much more useful when you have clear, stylized models to help figure out what's important 4/ — PolitiTweet.org

Posted Oct. 16, 2022

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Paul Krugman @paulkrugman

Now, I'm all in favor of economists paying attention to what smart, observant people who don't do formal models have to say. When I wrote about doing economics way back in 1991, my first principle was "Listen to the Gentiles" 3/ https://t.co/g5bEyWLY1R — PolitiTweet.org

Posted Oct. 16, 2022

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Paul Krugman @paulkrugman

To take one big example, Minsky in the raw is almost unreadable: the valuable morsels of insight are smothered in a thick stew of indigestible prose. It only makes sense if you have some clear, simple stories — not necessarily formal models — to help you pick out key themes 5/ — PolitiTweet.org

Posted Oct. 16, 2022