Angus Deaton and Paul Krugman in Conversation

This event was recorded live on March 20, 2024.
Economics is supposed to be a useful science - a discipline that helps us devise policies that serve the public interest. But are economists still playing that role, or have they become captives of orthodoxy and defenders of the status quo? Two Nobel Prize winners, Angus Deaton and Paul Krugman, join in a candid conversation on the economist’s craft, the current political landscape, and insights from Deaton’s new book. In Economics in America: An Immigrant Economist Explores the Land of Inequality, the British-born U.S. citizen blends personal stories with social commentary in his incisive and witty style. Deaton is the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at Princeton University; Krugman is a columnist for The New York Times and distinguished professor of economics at the CUNY Graduate Center.
Presented with the Stone Center on Socio-Economic Inequality.
For more information about our events, visit: www.gc.cuny.edu/public-programs

[@MartyMcfly65]

No better example of economics guided by political biases than Krugman.

[@csm515]

Krugman strawmanning the opposing immigration argument. Most people are not anti-immigration, they’re against uncontrolled, illegal immigration.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

[@billedley795]

Well, Prof. Krugman... I've read your material for years, and I am heartened by your discussion today with Angus Deaton.

[@MonanoPP]

Bon bagay, @The Graduate Center, CUNY. As an immigrant myself, that was a very GREAT & informative lecture. Keep em coming more often (but also lower your tuition)!

[@fredflinstone8379]

Krugman is such a partisan

[@theodorearaujo971]

The issue with immigration is eactly the same as international trade. Immigration on the scale we are experiencing is destroying the most fragile communities in the U.S. It's only becoming an isue now because it has started to affect the standard of living of the wealthy on the coasts.

[@farzana6676]

Not to mention the differences in core foundational values between Islamist immigrants and Western populations.

[@theodorearaujo971]

If we accounted for the externalities in international trade they way we have started to count the externalities from greenhouse gas emissions all models would force economies to be protectionist.

[@jamie5397]

How can an economist that has been exposed as wrong time after time still have a platform. Krugman is laughable as an economist. All he expresses is his deepest wishes not based at all in reality

[@theodorearaujo971]

There are depths of dispair in Liverpool as well as Scotland.

[@rich8304]

Not one time did they mention the pareto principle,80 20 rule or prices law and the square root rule . Number of people preforming an action,work ect squared do 50% of the worķ. 100 squared = 10 and that 10 does 50% of the work. When they solve this issue they may solve inequalities.

[@hunkybrain]

Why would the audience lament at the expression of "camp-following whores"? Deaton already said it was the vituperation by Buchanon himself verbatim in the piece he wrote in WSJ. And if one knows about history, one would easily understand the metaphor, and that it is not meant in any vulgar & demeaning way.... Was it because some of the audience were possibly immature grad or undergrad students or some of them were just overly PC or woke? If so, that is deplorable that some people deliberately overreact or pretentiously squirm even at a well-established age-old expression rooted in history & social norms of different times.... After all, openness to the different values & norms from different times and cultures is the idea that CUNY stands behind, or at least that's what I thought it did...

[@farzana6676]

It's a modern day university in America. They consist of 90% woke.

[@billedley795]

Is there a correlation between poor health pain and suicide?

[@JHoek-jc2ix]

I think Deaton speaks about that during talk at Nexus

[@action55jackson]

A Texan would not ask that question but would ask why we allow illegal immigration.

[@donaldflett1504]

Simply fascinating discussion. I just LIKE Paul Krugman and have been reading him for many decades. I disagree with him on the validity of Modern Monetry Theory (MMT) which is correct, in my opinion, and the key economic basis for progress. But I am confident that he will come around eventually. Again, thank you for this great discussion.