A Country Is Not A Company by Paul R. Krugman
The book argues that treating a nation like a private company is a misleading metaphor and leads to harmful policy choices, explaining how macroeconomics differs from household finance and why government budgets and monetary policy must be evaluated in the context of aggregate demand, full employment, and public investment. Using recent crises and historical examples, it defends the use of fiscal stimulus and sensible deficits during downturns, criticizes austerity and market-first dogmas, and advocates for stronger social safety nets, progressive taxation, and public investment to promote stable growth and broad-based prosperity.
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- American
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- Original Language
- English
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