Paul Krugman: The Capitalist System Lies At The Foundation Of Our Problems

At the end of his new book, economist Paul Krugman writes:

“One can safely claim that the role of today’s ‘capitalism,’ regardless of what one might call it, as the optimal method of combining individual freedoms, democracy, security, social and economic human rights, economic efficiency and social justice – must be reanalyzed as to the extent in which this system lies at the very foundation of our problems.”

Paul Robin Krugman – American economist and political writer. Holds a PhD from MIT, currently a professor at Princeton University. Awarded a John Bates Clark medal. He is a famous columnist for The New York Times and a laureate of the Adam Smith (1995), Recktenwald (2000) and Prince of Asturias (2004) awards. Honorary member of the Muenchen Economic Research Center (1997) and Group of Thirty. Awarded a Nobel Prize in Economics in 2008 for his analysis of the trade theory and problems of economic geography.

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