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by Chathamization
3494 days ago
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That's not true. In fact, he's even brought up underestimating the impact of the internet multiple times as an example of when he was wrong. For instance: "And what about me personally? I don’t have a turban and crystal ball hidden in a back room, and I’ve made some pretty wrong predictions in my time. The thing, however, is that all of these bad predictions involved stepping outside the models I understood. I underestimated the payoff to the internet; well, I was speculating about technology, and while that’s my right, I don’t have any special expertise."[1] [1] http://krugman.blogs.nytimes.com/2013/06/02/non-prophet-econ... |
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