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Paul Krugman
(28 Feb 1953 - )
American economist who won the 2008 Nobel Prize in Economics.
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Science Quotes by Paul Krugman (1 quote)
By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.
— Paul Krugman
In 'Why Most Economists’ Predictions Are Wrong', Red Herring (Jun 1998). Also see quoteinvestigator.com article 'Quote Origin: It Will Become Clear That the Internet’s Impact on the Economy Has Been No Greater Than the Fax Machine’s' (26 Oct 2023).
In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time something like that happened in politics or religion.
(1987) -- 
