Wednesday, October 7, 2009

Krugman’s economic belief

Very Keynesian:

Self-interest is still the best motivator we know – or more accurately, the only consistent motivator. So I’m for market economies. But I’m for market economies with strong safety nets, with adult supervision in capital markets, with public provision of goods the private sector does badly (like basic research and much of education.) An idealized New Deal is about as far as I go.

2 comments:

  1. Yes, Chandan,I have read some of your posts. And I thought this last post was very insightful. Only later did I realize they were actually Paul Krugman's words (whose blog I do sometimes read ;) But still kudos. I'll be checking your blog more often!

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  2. Thanks, Carolien- the smartest journalist at ISH!

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