European vs. U.S. Economic Performance: A Progress Report on Trans-Atlantic Comparisons
By
Paul Krugman
Summary
This article provides a dense, wonkish analysis comparing European and U.S. economic performance, arguing that Europe is an economic superpower that provides excellent living standards by historical and global standards, while acknowledging trade-offs like smaller houses and cars compared to Americans. The author frames it as a progress report on trans-Atlantic comparisons aimed primarily at economists.
Source
bskyEuropean vs. U.S. Economic Performance: A Progress Report on Trans-Atlantic Comparisonspaulkrugman.substack.comKey quotes
· 3 pulledEurope is an economic superpower that has given its residents extraordinarily good lives both by historical standards and compared with the rest of the world.
Yes, Europeans have smaller houses and cars than Americans do.
To be honest, this post is aimed primarily at economists, not a general audience.
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