Paul Krugman's Evolving Philosophy
New videos DAILY: [ Ссылка ]
Join Big Think Edge for exclusive videos: [ Ссылка ]
----------------------------------------------------------------------------------
The Nobel Prize winning economist chronicles his economic philosophy.
----------------------------------------------------------------------------------
Paul Krugman:
Paul Krugman is an author, economist, and Princeton professor who is probably best known for his op-ed columns in the New York Times.
Krugman is the author of over twenty books, including The Conscience of a Liberal, a progressive manifesto, and The Great Unraveling, a collection of his op-ed columns.
----------------------------------------------------------------------------------
TRANSCRIPT:
Question: What is your economic philosophy?
Paul Krugman: I’m a liberal, and in the proper sense of it. I believe in we are our brothers’ keepers. Not in the sense of communism, but a wealthy, civilized country has an obligation to take care of its less fortunate, and to provide a safety net for everybody.
I believe in democracy in the broad sense, that we should have a shared political vision.
There was a time when I was very young when I flirted with conservatism. I think it’s a phase that people go through. You could see there were excesses; but it didn’t last very long.
And the only thing I would say is I don’t know that my politics have changed much, but I have become more political.
When I was in my 20s, maybe even when I was in my 30s, I could imagine that policy was really a matter of intelligent discussions between people and the best ideas would automatically prevail. And well, that’s not the way it is. There are discussions among intelligent people; but you have to do more than just; being right is nowhere near enough.
![](https://i.ytimg.com/vi/BjmSyBePzM8/mqdefault.jpg)