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Depressions are Different

In: Economics for the Curious

Author

Listed:
  • Paul R. Krugman

Abstract

To this day, you fairly often encounter definitions of economics something like this: ‘Economics concerns itself with the allocation of scarce resources among competing ends.’ Workers trading off income for leisure; consumers choosing between cheese and wine; governments trading off guns for butter: these are the stuff of many a textbook example. There is, we are told, no such thing as a free lunch.

Suggested Citation

  • Paul R. Krugman, 2014. "Depressions are Different," Palgrave Macmillan Books, in: Robert M. Solow & Janice Murray (ed.), Economics for the Curious, chapter 0, pages 7-18, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-38359-4_2
    DOI: 10.1057/9781137383594_2
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    Cited by:

    1. Roth, Felix, 2021. "Das Produktivitätspuzzle: Eine kritische Bewertung," Edition HWWI: Chapters, in: Straubhaar, Thomas (ed.), Neuvermessung der Datenökonomie, volume 6, pages 61-82, Hamburg Institute of International Economics (HWWI).

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