Bob Murphy

Author Archive

The Social Cost of Carbon

I discuss some interesting facts about the modeling results, and remind people to sign up for my class on Energy Economics.

Jason Lisle, a PhD astrophysicist who now works for the Institute for Creation Research, appeared on CNN after Dr. Paul Broun Jr. (R-Georgia) got in trouble for saying the secular theory of evolution he learned in medical school was “lies straight from the pit of hell.” In this blog post, Lisle walks through how biased […]

Potpourri

==> David R. Henderson shines a critical spotlight on Krugman’s recent thoughts on “unproductive finance.” ==> Gerry O’Driscoll discusses inflation on the Larry Elder show. (HT2 the insightful von Pepe) ==> Julian Sanchez of the Cato Institute takes his colleagues to task for their support of the NSA’s eavesdropping. ==> Roger Koppl thinks Congress “should […]

One Last Volley on the Keynesian Cross

Somebody emailed me the relevant section from Krugman/Wells on this stuff. Unfortunately it’s not a smoking gun; both sides will see what they want to see. Krugman walks through the original Keynesian logic of using the MPC to derive “the” multiplier (with math, not geometry). So someone who wants to bust him, would just look […]

Join Me in “Adventures in Energy Economics”

Today at Mises.org I have an infomercial for my class, starting this coming Tuesday, on energy economics. The main description: The weekly lectures will run from July 2 through July 30. The first week will address the question, “Will we run out of energy?” We will cover the standard mainstream treatment (based on the classic […]

Klever Krugman Responds to Landsburg’s Klaimed Karicature

No doubt inspired by my trademarked “Krugman Kontradiction,” my favorite blogger has a response to Landsburg entitled “Karicature Keynesianism.” It is quite clever; let me show you why. Krugman writes: [L]et me note that Landsburg’s latest unfortunate intervention follows a well-trodden path: that of starting from the proposition that Keynesians are themselves really, really stupid […]

The Cross Keynesian

Steve Landsburg took on the Keynesian Cross (and its case for the government multiplier) and Daniel Kuehn is none too happy. Daniel lists all sorts of reasons that the Keynesian textbook case isn’t as simplistic as Landsburg makes out. For example, any decent Econ 101 student (according to Daniel) realizes that there should be time […]

It’s Easy to Be Right When You Don’t Admit You Were Wrong

I’m going to be laying into my two favorite bloggers–Paul Krugman and Scott Sumner–for their slippery handling of the recent rise in Treasury yields. As I’ve said several times on this blog, I think Krugman and Scott do this a lot (Krugman is more annoying about it); it’s just that this is a particularly obvious […]