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Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations Books
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Binding: Paperback
Dewey Decimal Number: 330
EAN: 9780393312928
ISBN: 0393312925
Label: W. W. Norton & Company
Manufacturer: W. W. Norton & Company
Number Of Items: 1
Number Of Pages: 180
Publication Date: 1995-04
Publisher: W. W. Norton & Company
Studio: W. W. Norton & Company






Editorial Review:

Product Description:
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.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 4 out of 5 stars - really good, but seriously outdated
Fiscally I'm very conservative, so I don't relish hearing my ideas bashed and those of Keynes extolled.

Such that I never paid Krugman much attention until he won that Nobel prize. Sure, I had read a couple of his NYT articles, but I didn't realize how well-respected he was academically until then. After Stockholm made its announcement, I decided to read a few of his books carefully -- to see what I was missing.

"Peddling Prosperity" is the second Krugman book I've read ... Read More



Rating: 3 out of 5 stars - Inconsistent
I enjoyed the first 120 pages of Krugman's book. It was very readable and given his biases, I thought, very fair. At that point the discourse becomes an indictment of the "Supply Siders". The evenhandedness disappears and one sided views of all conditions,actions and results take over. I am surprised by the large number of "5" level reviews. In reading them it is obvious that many of these reviewers have some experience in economics and must be aware of the not only the fallacies of Krugman's conclusions ... Read More



Rating: 1 out of 5 stars - Wrong conclusion from the start
Krugman has bought into the myth that we are forever going backward and that true progress for all is impossible. This is completely wrong. He may not be as extreme as Marx, but he still believes in the "limits to growth" school of economics. No how much evidence is produced to debunk this, it is still the foundatation for benighted folks like Krugman. He has no understanding of innovation and why wealth is unlimited in today's world. He also throws up extreme views and then shoots them down, such as ... Read More



Rating: 2 out of 5 stars - Lacks discussion of sociology and public choice theory
"If you are a good economist, a virtuous economist ... you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist."

Krugman begins 'Peddling Prosperity' with this quote to expose a fallacy of conservative economists: they do not appreciate the fact that the real world is messier than over-simplified economic models of perfect competition. As someone who has already been through the 'markets are perfect' phase, I can relate. I had high hopes that this ... Read More



Rating: 2 out of 5 stars - Incomplete.
I see this book is in someone's "Listmania!" as being on the Economics reading list of the Wharton MBA program, alongside two primers on economics 101. Good grief. Please don't read it thinking that Krugman is explaining what economics is REALLY all about, or is doing so in a non-partisan way. Indeed, this IS how the book comes across, and perhaps this is why it is on the Wharton B-School reading list.

However, this book is hardly even-handed, and it fails to present a complete picture of the ... Read More





 

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