korrents
Paul Krugman

Paul Krugman

@paul-krugman · 76 positions · On ppll ↗

Trade economist, Nobel laureate in 2008 for his work on economic geography, professor emeritus at Princeton and the CUNY Graduate Center, and a New York Times columnist from 1999 to 2024. Now writes on Substack.

Paul Krugman did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

5 of Paul Krugman's claims fit 5 mental models. Most often: Bottlenecks, Incentives, Occam's razor.

Models they name

Their own words name the idea.

Bottlenecks

A system moves only as fast as its narrowest point; speed up anything else and nothing changes.

Used by 88 others

Refined petroleum products, particularly diesel, have replaced crude oil as the primary bottleneck in the global energy crisis.

  1. Paul Krugman Trade economist, Nobel laureate in 2008 for his work… Aside from the outrageous nature of his demands, Trump’s remarks were interesting because they reveal the extent to which refined products, especially diesel, have replaced crude oil as the key bottleneck in the global energy crisis. Of Donald and Dieselpaulkrugman.substack.com · 21 Sept 2026
    Aside from the outrageous nature of his demands, Trump’s remarks were interesting because they reveal the extent to which refined products, especially diesel, have replaced crude oil as the key bottleneck in the global energy crisis.

Models we see in what they say

Our reading: their claim applies the idea without naming it. The claim is theirs; filing it here is ours.

Incentives

Look at what people are rewarded for; it explains more behaviour than what they say, your own included.

Used by 85 others

The tariffs survived the case for them because their real purpose was the personal power they conferred.

  1. Paul Krugman Trade economist, Nobel laureate in 2008 for his work… It has been clear from the beginning that a primary motivation for tariffs was that they empowered Trump personally. Attack of the Zombie Tariffspaulkrugman.substack.com · 24 Feb 2026All korrents from this piece
    It has been clear from the beginning that a primary motivation for tariffs was that they empowered Trump personally.

Occam's razor

Prefer the simplest explanation that fits the facts, and still make it prove itself.

Used by 4 others

The simplest explanation for rising long-term interest rates is a surge in demand for funds from the AI boom.

  1. Paul Krugman Trade economist, Nobel laureate in 2008 for his work… The simplest story consistent with the facts is that we’re seeing a surge in demand for funds as a result of the AI boom. Bessent and the Bondspaulkrugman.substack.com · 10 Sept 2026
    The simplest story consistent with the facts is that we’re seeing a surge in demand for funds as a result of the AI boom.

Second-order thinking

Ask "and then what?": follow a decision past its first effect to the ones that come after.

Used by 87 others

A diesel export ban would probably do little for U.S. affordability, would deter business investment, and would weaken America's hand against China on energy.

  1. Paul Krugman Trade economist, Nobel laureate in 2008 for his work… So a diesel export ban would probably do little to assuage U.S. concerns about affordability. It would create uncertainty that deters business investment, in energy and other industries. And it would further weaken America’s hand in its geopolitical rivalry with China over energy. Donald the Deadbeat Does Dieselpaulkrugman.substack.com · 24 Sept 2026
    So a diesel export ban would probably do little to assuage U.S. concerns about affordability. It would create uncertainty that deters business investment, in energy and other industries. And it would further weaken America’s hand in its geopolitical rivalry with China over energy.

Specialise and trade

Do what you are relatively best at and trade for the rest (comparative advantage); it holds until power or change breaks it.

Used by 12 others

The Canadian economy is not a miniature U.S. economy but specializes in a limited range of goods.

  1. Paul Krugman Trade economist, Nobel laureate in 2008 for his work… That is, the Canadian economy isn’t a miniature version of the U.S. economy, producing the same mix of stuff on a smaller scale. Instead, Canada concentrates on producing a limited range of goods. Adding Injury to Insult, Canada Editionpaulkrugman.substack.com · 9 Sept 2026
    That is, the Canadian economy isn’t a miniature version of the U.S. economy, producing the same mix of stuff on a smaller scale. Instead, Canada concentrates on producing a limited range of goods.