The Proper Proportion of the Finance Sector to the Real Economy

Paul Krugman: In recent years the finance sector accounted for 8 percent of America’s G.D.P., up from less than 5 percent a generation earlier. This data point taken in isolation seems to suggest an idea I’ve been toying with for a few months now – perhaps there is a correct proportion of the financial sector … Continue reading The Proper Proportion of the Finance Sector to the Real Economy