From Paul Krugman's MasterClass

Closing

Paul ends his class with parting advice for aspiring activists and policy makers, or those who wish to become more informed citizens: remember to stay aware, to read, to listen, and to remain an active participant in society.

Topics include: Closing

Play

Paul ends his class with parting advice for aspiring activists and policy makers, or those who wish to become more informed citizens: remember to stay aware, to read, to listen, and to remain an active participant in society.

Topics include: Closing

Paul Krugman

Teaches Economics and Society

Learn More

Preview

I don't know what age you are watching this. If you're a young person, you might feel like the world looks awful. What can be better? If you're an old person, you may think, I remember when things were better. You know, there are a lot of-- there are a lot of reasons to feel bad about the way we are. But you also see plenty of cases in economics where hard thinking has paid off, where understanding has led to better stuff. We could have had another Great Depression. The fact that we didn't had a lot to do with the fact that people in some crucial positions had learned something about economics. I think the most important thing-- well, the first thing you should do anyway is stay aware, read, listen. When something puzzles you, when you hear about some story that involves economics and you say to yourself, I don't quite get what's going on here, instead of saying, it's a complicated world, I don't get it, that you will instead say, all right, let me try to figure this out. Let me see what else I need to read. Let me see if I can interpret this. Let me make sense of this. And then well, be a citizen. What I hope you've taken from this course is not a lot of facts-- although I hope some of the facts did stick with you-- and certainly not a lot of slogans, but a way of thinking, a way of looking at this big piece of our society that is about making a living, making choices, making policy choices. You can write letters to your congressperson. You can-- and certainly vote. If it's an issue you care about, you can be more activist. We need that. We're-- at least for the moment, we're still a democracy, and the most important thing to sustain that is for people to act on their-- act on their understanding. And that means that they have to try to understand in the first place. There's no guarantee that good ideas prevail. But if you don't have good ideas, if you don't try to have those good ideas, if you don't try to understand them, push them forward, get them out there, then of course they won't prevail. So keep on plugging. Don't let-- don't let the crazies grind you down. [MUSIC PLAYING] Well, this is goodbye until we meet again on Twitter, in cyberspace, on the op-ed page or wherever ideas are exchanged.

Think like an economist

For Nobel Prize-winner Paul Krugman, economics is not a set of answers—it’s a way of understanding the world. In his economics MasterClass, Paul teaches you the principles that shape political and social issues, including access to health care, the tax debate, globalization, and political polarization. Heighten your ability to read between the lines and decipher the underlying economics at play.

Reviews

4.7
Students give MasterClass an average rating of 4.7 out of 5 stars.

I had never heard of Paul Krugman, probably because I had never studied the subject of Economics. This was one of my favourite courses last year!

Paul was terrific. I have followed him in the NYTs, his books, and in the media for years, but it was amazing to hear directly from him.

Krugman rocks! (I realize that's not terribly helpful, but the course was so rich in information and philosophy that I can think of no way to sum up the whole experience except to acknowledge that it was overwhelmingly positive.)

I am very familiar with Paul Krugman's work and writings, and this course was helped me to flesh out my understanding of some economics ideas and questions and increase my respect for him as a person and public intellectual.

Comments

Daniel W.

Thank you for your time. This was incredibly informative for me. I’m very grateful to have gotten Paul’s perspective on many of these topics.

Jeff S.

Thank you Paul for such an informative and valuable session. I have tons of notes and more importantly, a better overall understanding of both domestic and global economic influences. Your work is greatly appreciated and well worth it.

Adriano

Thanks Paul. Would love to see your tak on cryptocurrency and on Universial Basic Income.

Patricia P.

I very much loved his final comment - "Don't let the crazies get you down."

A fellow student

Great class and good refreshing of basic economic principles. Thank you Mr. Krugman . If the development team is reading any of these comments: we need more classes like this one. Enough with cooking, acting and film making ;)

Graeme R.

What great and valuable advice! Not always easy to listen to, but always worth it.

Mike B.

Very informative and insightful. Having been an Economics major my self it was great to get a refresher from Paul and a clear analysis of the voodoo economics that is being promoted in some quarters.

Pisko

The class is interesting from lesson 10 an on, until lesson 9 is shallow. Perhaps I had very high expectations about Paul

Jorge Eduardo L.

I enjoyed this class so much. As Mr. Krugman said, in order to have a wider perspective on economics, it would be great to have another course of the same subjects with a different economist.

Andrea K.

I’m a 49 year old bartender who graduated with a bachelors in American Studies over twenty years ago. I enjoyed the pace of this class and feel more confident in having a discussion with others about political and social issues regarding economics. Thank you, Mr Krugman!