Krugman

Archive for Krugman

Two Kwik Krugman Kontradictions

Nothing earth-shattering, but if criticizing Krugman were an academic discipline, this post would be part of what Kuhn would describe as “normal science.” ==> Scott Sumner explains Krugman’s unfair blanket condemnation of “inflationistas” by reminding us that Krugman (famously) doesn’t read stuff by economists from the other side, but I point out to Scott that […]

Heterodox Economists School Krugman on His Flim-Flam Econ

Wow, I thought I was hard on the guy… In the debate over Thomas Piketty’s book on Capital, many of the heterodox leftist economists are coming out of the woodwork to complain. Specifically, the problem is that Piketty relies on the mainstream notion that interest in a market economy is determined by the “marginal product […]

Whether r < g or r > g, We Need Much Bigger Government

I was toying with this idea but hadn’t had time to go document my claims. But now Nick Rowe is saying the same thing, so I’ll let him put his head out there. Anyway here’s the claim: (1) A few months ago, Krugman was agreeing with Larry Summers that we were stuck in a period […]

Mises >> Krugman

Jonathan MF Catalan decided I had too much time on my hands, and so claimed on his blog that Krugman is hands-down a better economist than Rothbard, and is indeed comparable to Ludwig von Mises. At Mises Canada I provide part 1 of my response, dealing with Mises vs. Krugman. Later I’ll do Rothbard vs. […]

Challenging Landsburg on HFT

You guys thought I was nuts reading my analysis of the Bundy standoff? Well now I’m publicly accusing Steve Landsburg of a basic math mistake. But I have a lot of life insurance, remember. An excerpt of the part where we’re still chums: Reading guys like Paul Krugman rail against the socially useless financial sector, […]

Old White Rich (?) Guys Complain About Privilege

Krugman links to his panel discussion at CUNY on Piketty’s book. Here’s the screenshot: Piketty himself is only 42. (But it wouldn’t surprise me if he’s in the 1% himself this year or next, depending on the structure of his book contract.) Anyway it just jumped out at me to make this observation. Carry on.

Yet More Krugman Klarifications on the 1% Stuff

This is more for posterity than anything else, but check this out. In today’s post Krugman writes: I happened to notice Greg Mankiw citing some bogus claims that the one percent is an ever-changing group, not a persistent elite, and I thought “Wait — didn’t we deal with that one long ago?” And that brought to mind […]

Is Obama Chafing the Rich? It Depends on the Argument Krugman Is Making That Day

For some time now, Krugman has been writing articles and blog posts explaining that the rich in this country are paranoid, that Obama is not some neo-Marxist trying to get them, etc. This isn’t the very best example of the genre, but it will serve the purpose: In September 2013 Krugman had a piece called, […]