Read the article of THE ACCIDENTAL THEORIST by Paul Krugman at http://www.pkarchive.org/theory/hotdog.html

• Briefly discuss the method of economics according to Professor Krugman. Justify your answer by quoting from the article.
• Describe the trade-off between technological advancements and employment.
• What is William B. Greider's argument in his book according to Professor Krugman and what is wrong with the argument?

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Method of Economics according to Professor Krugman Paul Krugman a Nobel laureate in economics often emphasizes the importance of economic models and theories in understanding realworld phenomena He ad... View the full answer