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If there is one single area of economics in which path dependence is unmistakable, it is in economic geography – the location of production in space.

— Paul Krugman

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Finance

More quotes by Paul Krugman

By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.

The deficit is not nearly the monster some people imagine.

Peddling Prosperity (1994)

If growth in East Asia is indeed running into diminishing returns, however, the conventional wisdom about an Asian-centered world economy needs some rethinking.

Pop Internationalism (1996)

Ronald Reagan stands accused of inflicting a huge burden of debt upon his country.

Peddling Prosperity (1994)

The usual and basic Keynesian answer to recessions is a monetary expansion.

Peddling Prosperity (1994)

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We must do away with the absolutely specious notion that everybody has to earn a living.

Buckminster Fuller

Economics is on the side of humanity now.

Isaac Asimov Empire novels (1950)

Since the state must necessarily provide subsistence for the criminal poor while undergoing punishment, not to do the same for the poor who have not offended is to give a premium on crime.

John Stuart Mill Principles of Political Economy (1848)

Economy, in the estimation of common minds, often means the absence of all taste and comfort.

Sydney Smith Lady Holland's Memoir (1855)

Attribution

Quote text and notes from Wikiquote: Paul Krugman (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.