Nobel laureate Krugman: ‘Dark age of macroeconomics’ is upon us

Midway through his standing-room-only lecture at MIT on Friday, Feb. 5, Nobel Prize-winning economist Paul Krugman PhD ’77 took a brief detour into world history — specifically to the Dark Ages. It was a period, Krugman suggested, that was especially dismal not merely due to, say, rampant barbarism, but because it constituted an intellectual reversal: “In the Dark Ages, people forgot what the Gree

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Nobel laureate Krugman: ‘Dark age of macroeconomics’ is upon us

[fujikumo]

クルーグマン教授の講演の内容。ある種の状況下では政府による、財政政策が有用。もし、7870億ドルの刺激策がなかったら、今頃、12%の失業率になっているだろう。このままだと1930年代の再現になってしまう、とか。