Friday, February 14, 2014

Paul Krugman — Redefining the Middle Class

Krugman talks about class. Next thing you know, he'll be talking about power, or maybe — gasp — even money.

Paul Krugman | Redefining the Middle Class
Paul Krugman, Krugman & Co. | Op-Ed


Anonymous said...

Krugman avoids the racial issue, but I suspect that is a major factor in the self-identification phenomena he discusses. Lower income whites often regarded themselves as "middle class" in the past because they believed the lower classes are exclusively the territory of black and brown people.

Jose Guilherme said...

Today Krugman has a very interesting posting praising Tobin's "endogenous money view".

Slowly but surely he's coming round to the right paradigm.