The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

- Paul Krugman

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor dema…

- Paul Krugman

Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in the gre…

- Paul Krugman

Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.

- Paul Krugman

In our country, learned ignorance is on the rise.

- Paul Krugman

Rising inequality isn’t about who has the knowledge; it’s about who has the power.

- Paul Krugman

Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.

- Paul Krugman

Debt is one person's liability, but another person's asset.

- Paul Krugman

The important thing to understand is that the case for pollution control isn't based on some kind of aesthetic distaste for industrial society. Pollu…

- Paul Krugman