Paul Krugman

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Mad Men: the TV series has featured work by the wonderful American poet Frank O’Hara

Is this the consequence of an overly optimistic disposition or is poetry everywhere in recent times? Devotees of B(...)

Sun spots: the weather outside was delightful. Photograph: David Sleator

Like any nation, we tell ourselves stories to make sense of the world. And if there’s one thing that drives a storyline – be it a tawdry soap or an ag(...)

A key feature of Bitcoin is near total anonymity of its users which immediately makes it attractive to anyone keen to stay in the shadows. Photo: Bloomberg

Beware nerds bearing algorithms. Virtual (or digital) currencies are all the rage, with Bitcoin leading the pack. Nobody seems to know who invented Bi(...)

Lawrence “Larry” Summers, former U.S. treasury secretary, listens at a panel discussion during the Jacques Polak Annual Research Conference at the International Monetary Fund (IMF) in Washington. Photograph: Andrew Harrer/Bloomberg

The economics blogosphere has been abuzz over the past week, following a recent speech made by Larry Summers to the IMF. The ex-US treasury secretary,(...)

Business, or more particularly the markets, have featured in this newspaper from its earliest days. Back in 1860, the paper carried a Market & Com(...)

Robert Shiller: has explored different ways in which asset prices can behave strangely

At first glance it is tempting to laugh at the 2013 Nobel Prize in Economics being shared between an academic who invented the “efficient markets hypo(...)

People marching along Dublin’s O’Connell street during an Anti-Austerity march in November 2012.Photograph: Alan Betson / THE IRISH TIMES

Writing in today’s Irish Times, Patrick Honohan, the governor of the Central Bank, defends austerity with a reference to the 1945 experiences of the g(...)

Trust is at the heart of any financial system. Any transaction of any kind involves an element of trust. Most obviously, when goods and services ar(...)

From a policy point of view, there are some useful rules of thumb that provide better guidance than most complex models. The Bank of England’s Andrew Haldane, one of the most thoughtful central bankers around, has written extensively about this and persuasively argues for the adoption of simple but robust tools and techniques that, among other things, embody learning.

Back in 2008, the queen of England famously asked a group of economists why they didn’t see the financial crisis coming. It took them nearly eight mon(...)

House Speaker John Boehner was among  House leaders who worked late last week to help pass the monstrous farm bill. Photograph: Christopher Gregory/The New York Times

Something terrible has happened to the soul of the Republican Party in the United States. We’ve gone beyond bad economic doctrine. We’ve even gone bey(...)

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