Skip to content

Many of those who reject the idea of economic models are ill-informed or even (perhaps unconsciously) intellectually dishonest. Still, there are highly intelligent and objective thinkers who are repelled by simplistic models for a much better reason: they are very aware that the act of building a model involves loss as well as gain.

— Paul Krugman Development, Geography, and Economic Theory (1995)

Another quote →

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)

All Paul Krugman quotes →

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.