Krugman

Archive for Krugman

Two Views of Krugman

[UPDATE at end.] Daniel Kuehn is upset that Don Boudreaux leads his readers to believe that Milton Friedman and people like him have a monopoly on rule-based monetary policy. Daniel writes: Don, I think, is trying to pull the wool over his readers eyes here. The consensus for a long time now has been that […]

More on Krugman and Marginal Product, Sans Calculus

By popular request, my new article at The American Conservative makes the same basic point that Karl Smith made back in November, but I think I spelled it out here very clearly to isolate Krugman’s mistake. Contrary to some of you guys in the comments, I don’t think the issue on this one was nominal […]

The Myth of Wartime Prosperity

This ran a while ago but I forgot to blog about it. Half of my piece is just the standard case against World War II “prosperity,” with a link to Steve Horwitz’s co-authored piece drawing on primary sources to show how tough things were on the homefront. However, after that I take Krugman et al. […]

Krugman, Karl, and Kalculus

I want to follow-up on my initial thoughts on Krugman saying that rich people don’t add anything (net) to the economy, since I personally am seeing this whole thing much more clearly now, largely thanks to you guys and (believe it or not) my working through a mathematical model that is standard in grad programs. […]

Potpourri

==> David R. Henderson, clearly jealous of my notoriety, points out that he debated Paul Krugman when I was an undergrad. ==> Scott Sumner and von Pepe go toe-to-toe. Von Pepe tells Sumner that the word “market” doesn’t mean what he thinks it means. ==> After that warm-up, for something even more surreal: Joseph Fetz […]

Entrepreneur Hero Worship and Calculus

How’s that for an obscure post title? I’m referring to Krugman’s accusation that right-wingers are hypocrites. (I hope you were sitting down for that one.) Their latest abomination refers to their claim that people with high incomes are engines of job creation and therefore we don’t want the government to drop the hammer on them. […]

Move Paul’s Book

Krugman Was Against Peak-to-Trough Calculations Before He Was For Them

Here I am, in beautiful Florida minding my own business, when Krugman comes out with yet another Kontradiction screaming for a reaction. So even though I’m on vacation, and yet spending 6 hours a day on my “real work,” duty compels me to comment. On July 3 Krugman started out a blog post like this: […]