Monday, January 13, 2014

Paul Krugman Keeps Hammering at Europe in "Success, European Style"

Because of its austerity policies, Paul Krugman keeps hammering at Europe, this time in Success, European Style. Some critique is surely justified, some not.

We have some connections in Ireland, but not enough to judge the economy of the country as a whole. As everywhere, you have plusses and minuses.

Sometimes I wish Krugman would resurrect discussion of the economic doctrine of "comparative advantage" in comparing the sometimes non-comparable apples and oranges of the national economies.

Indeed, seen fairly and impartially, what should be our realistic expectations concerning the various economies of the world, given their natural and human resources and economic, social, political and legal structures?


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