Newsweek hailed Paul Krugman as and “a superstar among economists and ” and went on to praise Peddling Prosperity as and “the best primer around on recent U.S. economic history. and ” Others joined the chorus. This wonderfully received book finds him in top form, observing the years he’s dubbed and “the age of diminished expectations. and ” The past twenty years have been an era of economic disappointment in the United States. 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-economic snake-oil salesmen, right or left, who offer easy answers to hard problems. Supply-siders rose to power with Ronald Reagan and not only cured nothing but left behind a $3 trillion debt. Krugman finds an unhappy parallel in those who shape policy within the Clinton administration.

Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations (Norton Paperback) PDF

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