Krugman

Archive for Krugman

Savings versus Investment

This is actually a very subtle issue, because at first blush you’d think the Austrians (adherents to Say’s Law-type reasoning in general) would say that savings always equals investment, whereas those wacky Keynesians would think the two could be different. Yet actually, it is Keynes who insists in the GT that savings necessarily equals investment, […]

Krugman on Keynes

Well this was an obvious thing I had to watch, since I’m currently teaching a class on the two fellows. Anyway, if you want to spend 50 minutes (or even just 30 minutes, really, since that alone will give you a good taste) learning what the big fuss is about Keynesian economics, I think Krugman […]

Oh Say, You Could See

For the Keynes, Krugman, and the Crisis class, we read Say’s famous “Of the Demand or Market for Products,” from which “Say’s Law” comes. I had forgotten how awesome it was. A sample: The same principle leads to the conclusion, that the encouragement of mere consumption is no benefit to commerce; for the difficulty lies […]

Keynes Bask

OK for my Keynes, Krugman, and the Crisis class–we still have registrations rolling in, don’t be shy!–I have just assigned Chapters 1-3, and some selections from Chapter 12, to give about a 50-page excerpt from the General Theory to convey Keynes’ diagnosis of how the “classical” economists went wrong. Now to make sure I know […]

Last Call for the Keynes/Krugman Class

It starts Wednesday evening. Here is the full infomercial, and here is the registration link.

Daniel Kuehn Embraces Bimetallism

Over the years, some have suggested that I am overly sensitive to criticism. (Naturally, I don’t talk to those jerks anymore.) Because of this, I want to report on a running dispute Daniel Kuehn and I have had. I believe that Daniel has demonstrated a clearcut double standard with respect to Paul Krugman and me, […]

Keynes, Krugman, and the Crisis

The infomercial for my next Mises Academy class is up today. It’s sort of like Christopher Hitchens teaching a class on John Calvin. As usual, the graphics they made for my article are the best part. Look at how Krugman appears to be praying to Keynes. (For those who are serious, let me say that […]

Fighting Fire With Fire

One of the things that most amused me about the recent MMT flare-up was that to blow me up, they cited the identity of my boss at IER, and then simply quoted from my article. So, since I’m rushed for time this morning, I’ll do the same with Krugman. Those who share my worldview don’t […]