Paul Krugman's Evolving Philosophy

Question: What is your economic philosophy?

Paul Krugman: I’m a liberal, and in the proper sense of it. I believe in we are our brothers’ keepers. Not in the sense of communism, but a wealthy, civilized country has an obligation to take care of its less fortunate, and to provide a safety net for everybody.

I believe in democracy in the broad sense, that we should have a shared political vision.

There was a time when I was very young when I flirted with conservatism. I think it’s a phase that people go through. You could see there were excesses; but it didn’t last very long.

And the only thing I would say is I don’t know that my politics have changed much, but I have become more political.

When I was in my 20s, maybe even when I was in my 30s, I could imagine that policy was really a matter of intelligent discussions between people and the best ideas would automatically prevail. And well, that’s not the way it is. There are discussions among intelligent people; but you have to do more than just; being right is nowhere near enough.

Recorded On: October 26, 2007.

The Nobel Prize winning economist chronicles his economic philosophy.

  • Prejudice is typically perpetrated against 'the other', i.e. a group outside our own.
  • But ageism is prejudice against ourselves — at least, the people we will (hopefully!) become.
  • Different generations needs to cooperate now more than ever to solve global problems.

Active ingredient in Roundup found in 95% of studied beers and wines

The controversial herbicide is everywhere, apparently.

Surprising Science
  • U.S. PIRG tested 20 beers and wines, including organics, and found Roundup's active ingredient in almost all of them.
  • A jury on August 2018 awarded a non-Hodgkin's lymphoma victim $289 million in Roundup damages.
  • Bayer/Monsanto says Roundup is totally safe. Others disagree.
Keep reading Show less

Scientists see 'rarest event ever recorded' in search for dark matter

The team caught a glimpse of a process that takes 18,000,000,000,000,000,000,000 years.

Image source: Pixabay
Surprising Science
  • In Italy, a team of scientists is using a highly sophisticated detector to hunt for dark matter.
  • The team observed an ultra-rare particle interaction that reveals the half-life of a xenon-124 atom to be 18 sextillion years.
  • The half-life of a process is how long it takes for half of the radioactive nuclei present in a sample to decay.
Keep reading Show less