Category Archives: Service economy

A Reply to Paul Krugman

It is past time Paul Krugman visited “basket case” Japan. I have been under the weather these last few days, hence my delay in replying to Paul Krugman’s critique of my recent article on Japan’s lost decades. He writes: “Fingleton … Continue reading

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The complaisant watchdog: how the press missed the Madoff scandal

The Wall Street Journal and the New York Times slept while Bernie Madoff swindled. [Article first published in CounterPunch. To read the original click here.] An old maxim has it that newspa­per editors separate the wheat from the chaff, then … Continue reading

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I told you so (cont’d)

In 1999 I wrote a book that foreshadowed the collapse of America’s New Economy stock  boom. I went on to publish a paperback version with a new introduction — an introduction whose prescience has also stood the test of time. … Continue reading

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Finance: A cuckoo in the economy’s nest

Much of my September 1999 book In Praise of Hard Industries was quickly vindicated when America’s New Economy boom collapsed in 2000. But until recently my baleful analysis of the growth in financial services — “the economics of the cancer … Continue reading

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Pursuing prosperity: Address to the Ukrainian Academy of Sciences

This is the abstract of a keynote address delivered I made at a conference organized by the Ukrainian Academy of Sciences in Kiev on November 13, 2008. One of my most vivid childhood memories was watching Sputnik streak across the … Continue reading

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Finance is too important to be left to Wall Street’s self-interest

Getting the American economy back on solid ground will require new financial regulations. Goldman Sachs alums aren’t the people for the job. [As published in the American Conservative on October 20, 2008.] As bewildered Americans survey the wreckage of their … Continue reading

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America’s creativity conceit

One of the biggest misconceptions in the American trade debate is the idea that America can count on superior creativity to stay ahead of the crowd. [Article as published in the American Conservative on November 21, 2007.] TOKYO. Almost everything the … Continue reading

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