Political Theory

Re: What's wrong with Paul Krugman, anyway?

IrishLiberal — Sun, 25 Oct 2009 21:19:55 GMT

ama gi:

I see a lot of Krugman-bashing on this site, and, not being as informed as I should, I'm a little unsure of what is wrong with his economics from an Austrian perspective. Please enlighten me.

What's right with him

Re: What's wrong with Paul Krugman, anyway?

Saiphes — Sun, 25 Oct 2009 20:01:28 GMT

and here:

http://mises.org/books/failureofneweconomics.pdf

Hazlitt goes through "The General Theory", Keynes' magnum opus chapter by chapter exposing how bad it is (to be a keynesian).

Re: What's wrong with Paul Krugman, anyway?

Jonathan M. F. Catalán — Fri, 23 Oct 2009 15:06:51 GMT

It's too bad Joseph Stiglitz doesn't have a blog. In his book Making Globalization Work, he bashes Capitalism and then suggests what is basically Capitalistic liberalization.

Re: What's wrong with Paul Krugman, anyway?

The Late Andrew Ryan — Fri, 23 Oct 2009 11:37:38 GMT

ama gi:

I see a lot of Krugman-bashing on this site, and, not being as informed as I should, I'm a little unsure of what is wrong with his economics from an Austrian perspective. Please enlighten me.

Cuz he's a Kensian.... BURN EM'! BURN THE WITCH! BURN!

I dunno somone who said that the only way to get out of the last recession was to INFLATE A HOUSING BUBBLE and then gets into political f***ing office when said bubble breaks, seems prettt detestable 2 me

Re: What's wrong with Paul Krugman, anyway?

Prashanth Perumal — Fri, 23 Oct 2009 07:54:50 GMT

http://mises.org/story/3387

http://mises.org/story/630

Re: What's wrong with Paul Krugman, anyway?

Daniel James Sanchez — Fri, 23 Oct 2009 07:15:06 GMT

Esuric:
like when he said that the FED SHOULD inflate a housing bubble in 2001-2002 in order to get us out of that recession.

Regarding that specifically...

http://mises.org/story/3530

http://mises.org/story/3539

Re: What's wrong with Paul Krugman, anyway?

Esuric — Fri, 23 Oct 2009 07:09:49 GMT

He's a political shill who seems to think that he's an expert on all matters. He got his nobel prize 'explaining' why American's buy German Cars; and now he's suddenly an authority on business cycle theory, political theory, health care, international policy, ect. Nevermind the fact that he's almost always wrong, like when he said that the FED SHOULD inflate a housing bubble in 2001-2002 in order to get us out of that recession. What really pisses me off about him is that he's everything an economist shouldn't be. He places notoriety and prestige above truth; he'd rather be some kind of rock-star than actually contribute to economics as a science.

Re: What's wrong with Paul Krugman, anyway?

Daniel James Sanchez — Fri, 23 Oct 2009 07:00:04 GMT

http://mises.org/story/3583

What's wrong with Paul Krugman, anyway?

ama gi — Fri, 23 Oct 2009 06:53:20 GMT

I see a lot of Krugman-bashing on this site, and, not being as informed as I should, I'm a little unsure of what is wrong with his economics from an Austrian perspective. Please enlighten me.