Paul Krugman, "The Old Superstition" (2011).
“
I picked up a copy of Lionel Robbins’s 1934 book The Great Depression in a used book shop in Norwich. It's quite revealing: judicious in tone, full of tables and facts, clearly meant to be seen as the work of a wise observer – indeed, a Very Serious Person.And utterly, utterly wrongheaded
— Paul Krugman
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "I picked up a copy of Lionel Robbins’s 1934 book The Great Depression in a used book shop in Norwich. It's quite revealing: judicious in tone, full of tables and facts, clearly meant to be seen as the work of a wise observer – indeed, a Very Serious Person.And utterly, utterly wrongheaded" in the context of "Paul Krugman, "The Old Superstition" (2011)." to mean that wisdom is timeless.
Source: Wikiquote: "Lionel Robbins" (Quotes about Robbins)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Lionel Robbins
Lionel Charles Robbins, Baron Robbins CH, CB, FBA (22 November 1898–15 May 1984) was a British economist and body of the economics department at the London School of Economics. He is known for his leadership at LSE, his proposed definition of economics, and for his instrumental efforts in shifting Anglo-Saxon economics from its Marshallian direction.
About Lionel Robbins
Lionel Charles Robbins, Baron Robbins CH, CB, FBA (22 November 1898–15 May 1984) was a British economist and body of the economics department at the London School of Economics. He is known for his leadership at LSE, his proposed definition of economics, and for his instrumental efforts in shifting Anglo-Saxon economics from its Marshallian direction.
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