Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations

Front Cover
W. W. Norton & Company, 1995 - Business & Economics - 303 pages
9 Reviews
Newsweek hailed Paul Krugman as "a superstar among economists" and went on to praise Peddling Prosperity as "the best primer around on recent U.S. economic history." Others joined the chorus. This wonderfully received book finds him in top form, observing the years he's dubbed "the age of diminished expectations." The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. But strange things have happened to economic ideas on their way to power: they've been hijacked by policy entrepreneurs?conomic snake-oil salesmen, right or left, who offer easy answers to hard problems. Supply-siders rose to power with Ronald Reagan and not only cured nothing but left behind a $3 trillion debt. Krugman finds an unhappy parallel in those who shape policy within the Clinton administration.

What people are saying - Write a review

User ratings

5 stars
4 stars
3 stars
2 stars
1 star

Review: Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations

User Review  - Noah Howe - Goodreads

The lack of scholarship displayed in this book made it hard to read. Krugman often resorts to personal attacks to discredit his intellectual opponents. This book sucked. Read full review

Review: Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations

User Review  - Allisonperkel - Goodreads

Ideally anyone who wants to get an overview of economic policy in the 70s, 80s and early 90s should read this book. Krugman does an amazing job of describing supply side, strategic trading and general trends over that 30 year period - and he does it in a very fair, readable and humorous way. Read full review


Looking for Magicians
The Strategic Traders

Common terms and phrases

References to this book

All Book Search results »

About the author (1995)

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences. His title End This Depression Now! made The New York Times Best Seller List for 2012.

Bibliographic information