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Paul Krugman argues that the unwillingness of mainstream economists to think about what they could not formalize led them to ignore ideas that turn out, in retrospect, to have been very good ones. Krugman examines the course of economic geograph and development theory to shed light on the nature of economic inquiry.
For mainstream economics was, by the late 1950s, becoming increasingly hostile to the kinds of ideas involved in high development theory. Above all, economics was going through an extended period in which increasing returns to scale, so central to that theory, tended to disappear from discourse.
Professor of Economics and International Affairs, Princeton - Cited by 283,653
The spatial economy: introduction (introduction to forthcoming book with Masahisa Fujita and Anthony J. Venables) The fall and rise of development economics (a 1994 essay about models and methods from Rodwin and Schon, Rethinking the Development Experience)
21 de ago. de 1997 · Why do certain ideas gain currency in economics while others fall by the wayside? Paul Krugman argues that the unwillingness of mainstream economists to thin...
Krugman examines the course of economic geograph and development theory to shed light on the nature of economic inquiry. He traces how development theory lost its huge initial influence and...
Paul Krugman is Professor of Economics and International Affairs at Princeton University and a New York Times columnist. He was awarded the Nobel Prize for Economics in 2008.
