From the TUC

Paul Krugman – UK in “survival of the wrongest”

20 Dec 2010, by in Economics, Public services

US economist and Nobel prize winner Paul Krugman has been writing about the UK again. It’s so short, I’m sure he’ll forgive us for quoting it in full:

Oh, my: I missed this, but ran across it when doing some research:

‘Ireland stands as a shining example of the art of the possible in long-term economic policymaking.’

George Osborne, 2006

It’s also worth noting that Osborne’s push for austerity now was based, to an important extent, on the widespread belief among conservative commentators that Irish austerity was a smashing success story.

I guess the special relationship remains: in Britain as in America, what we see politically is the survival of the wrongest.”

2 Responses to Paul Krugman – UK in “survival of the wrongest”

  1. Tweets that mention Paul Krugman – UK in “survival of the wrongest” | ToUChstone blog: A public policy blog from the TUC —
    Dec 20th 2010, 2:51 pm

    […] This post was mentioned on Twitter by Michael Ellis and WestMonster. WestMonster said: Krugman gets it RT @touchstoneblog: Paul Krugman – UK in “survival of the wrongest” […]

  2. richard lawyer
    Dec 20th 2010, 4:31 pm

    Given its history of profound wrongness, shouldn’t conservative economic theory be classified as a cult rather than reasoned economic theory?