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He wasn't wrong if you consider he was talking about macro. He appears to be addressing the claim that the standard of living was going to shoot up so high tha
by flipcoder 13y ago
He wasn't wrong if you consider he was talking about macro. He appears to be addressing the claim that the standard of living was going to shoot up so high that we'd all be able to live cheaply and not work as much. He predicted instead that demand would stay high since more tech would cause us to keep wanting more.
Sometimes I think there are more anti-Krugman people than actual economists...
disclaimer: I only read a small part of the article