Economics

Archive for Economics

Krugman Krushed

I’m going to do two blog posts (this is the first), then I might be quiet for a while. I am still trying to catch up on various things… Von Pepe sends this great article explaining how Krugman was getting owned (I refuse to use the hip term) by his commenters. It got so bad […]

Brad DeLong’s Methodology

Yes, I am using that word correctly. I am here talking about DeLong’s views on method. So remember kids, if you’re giving a job market talk, don’t say, “In this paper my methodology was to regress unemployment against Glenn Beck’s ratings.” If I am on the hiring committee, you’re done for. (Of course, I won’t […]

Hayek on Firing Line

Bob Roddis came to the Night of Clarity earlier this month and hand-delivered some audio clips of Hayek. In this one he talks about Keynes with William F. Buckley. (It’s 4:44 long.) I think this clip made the rounds on the blogosphere before, but apparently the links are all dead. So Bob wanted me to […]

Believing Is Seeing: Brad DeLong on the Depression

I thought Brad DeLong’s reaction to a Greg Mankiw piece was so perfect, I used it in my talk today on the Great Depression at Mises University. Here’s DeLong (HT2 Krugman I think): Mankiw’s broader point is that since we have seen nothing like this before except for the Great Depression, we should be humble […]

Krugman vs. Sumner

It would be nice if at least one of them struck a fatal blow… I am at Mises U and they’ve got me working my tail off this year [.pdf]; I give a lecture every day except Saturday I think. And tomorrow morning’s 9am lecture is a brand new one for me (on banking), so […]

Krugman Back to Being My “Favorite Blogger”

[UPDATE below.] I don’t know when I will learn… This Krugman blog post on Depression-era debt literally made my jaw drop. After chronicling how the federal debt went up under Herbert Hoover–thus making the “Hoover was a liquidationist Hayekian” thesis a bit awkward–Krugman then said, “OK, um, I owe Bob Murphy an apology. He set […]

Today Krugman Really Is My Favorite Blogger!

I already alluded to him blowing up James Galbraith in a really neat post. Then I scrolled up a little more–I’m way behind because of the recent Nashville conference–and find Krugman discussing a NYT op ed with which he disagreed. After quoting Tyler Cowen, Krugman writes: “This passage makes me want to stick a pencil […]

DeLong on Deficits

By popular demand, today at Mises.org I critique a Brad DeLong blog post which had said, “We need bigger deficits now!” An excerpt: This is part of the problem with Keynesian economics. It’s true, in certain circumstances it can spit out an answer that is reasonable — such as this case, where DeLong agrees that […]