February 28, 1953 |
Albany, New York, U.S.
|Institution||City University of New York
London School of Economics
|Alma mater||Massachusetts Institute of Technology
John Maynard Keynes
|Contributions||International trade theory
New trade theory
New economic geography
|Awards||John Bates Clark Medal (1991)
Princess of Asturias Awards (2004)
Nobel Memorial Prize in Economic Sciences (2008)
|Information at IDEAS / RePEc|
Social Security is a social insurance program – it is not designed to be the same thing as a 401(k).
I admit it: I had fun watching right-wingers go wild as health reform finally became law.
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.
I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.
The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.
But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.
The science fiction world has a lot of people doing seriously imaginative thinking.
I don't think I've had any great success in predicting politics or social change, nor have I really tried.
I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.
As I've often said, you can shop online and find whatever you're looking for, but bookstores are where you find what you weren't looking for.