Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations (Norton Paperback)
by By Krugman, Paul
Category: Business & Economics , Economic History

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—economic  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.