All Posts Tagged With: "Paul Krugman"
The Return of Depression Economics and the Crisis of 2008
Reading The Return of Depression Economics, I have to admit I was surprised. Paul Krugman, 2008 Nobel Prize winner in economics and New York Times columnist, isn’t as feisty and partisan in the book as he is in his column. Moreover, he presents some useful information about the many economic collapses that have occurred in [...]
18Nov2009 | William L. Anderson | 0 comments | ContinuedMainstream Macro in an Austrian Nutshell
While the events that have unfolded over the past year have required some outside-the-box theorizing by mainstream macroeconomists, the econo-mists of the Austrian school can offer a straightforward, fill-in-the-blanks explanation by drawing on the theory first articulated by Ludwig von Mises and then developed by Friedrich A. Hayek.
24Apr2009 | Roger W. Garrison | 10 comments | ContinuedNews Flash: FDR Didn’t Restore Prosperity!
The New Deal did not end the Great Depression. This statement will come as no shock to Freeman readers, but it will to the many people who have never encountered it before. Now people are encountering it—in newspaper columns and news-talk shows.
Why, after years of being taught that Franklin Roosevelt’s economic intervention saved the country [...]
The Subprime Crisis Shows that Government Intervenes Too Little in Financial Markets? It Just Aint So!
Start with two assumptions. No. 1: banking and financial markets are inherently unstable. No. 2: government intervention into banking and financial markets can only stabilize (never destabilize). You’ll find it easy to conclude that any period of market instability we experience, like the recent subprime-lending problem, is the market’s fault and that it could have [...]
1Oct2008 | Lawrence H. White | 0 comments | ContinuedCoercion Is the Only Way to Ensure Health? It Just Ain’t So!
Aeon J. Skoble is a professor of philosophy and chair of the philosophy department at Bridgewater State College in Massachusetts.
In his April 11 New York Times column, economist Paul Krugman discusses the minor trouble then-presidential candidate Hillary Clinton got into when an anecdote she told about a woman who died because she didn’t have medical [...]
The Free Market’s Invisibility Problem
Joseph Packer is a Ph.D. student at the University of Pittsburgh School of Communication.
Advocates of liberty face an invisibility problem, first identified by nineteenth-century French libertarian Frédéric Bastiat in the appropriately titled essay “What Is Seen and What Is Not Seen.” Through a simple story, Bastiat exposed the fallacy that later underlay Keynesian economics.
A young [...]
Book Reviews – December 2007
- Who Controls the Internet? Illusions of a Borderless World
by Jack Goldsmith and Tim Wu Reviewed by Andrew P. Morriss
- Econospinning: How to Read Between the Lines When the Media Manipulate the Numbers
by Gene Epstein Reviewed by Joseph Coletti
- The Entrepreneurial Imperative: How Americas Economic Miracle Will Reshape the World (and Change Your Life)
by Carl J. Schramm Reviewed by Frederic Sautet - The Green Wave: Environmentalism and Its Consequences
by Bonner Cohen Reviewed by George C. Leef
Milton Friedman Is to Blame for Unsafe Food? It Just Ain’t So!
There is a “food safety crisis” in America and Milton Friedman is to blame, Princeton University economist Paul Krugman wrote on the New York Times op-ed page May 21. Friedman is responsible, Krugman wrote, because he legitimized a “sickening ideology” that rejects “even the most compelling” cases for government regulation of business.
Krugman’s “crisis” stems from [...]
The Great Depression According to Milton Friedman
Ivan Pongracic, Jr. teaches economics at Hillsdale College. He extends special thanks to Lawrence H. White and Ivan Pongracic, Sr. for their helpful comments.
Few events in U.S. history can rival the Great Depression for its impact. The period from 1929 to 1941 saw fundamental changes in the landscape of American politics and economics, including such [...]
Our Skyrocketing Living Standards
In the mid-1950s, when I was a young child, I would occasionally see a man walking along the street with a grapefruit-size growth in his throat. The first time I saw such a thing I gasped. My mother hushed me up and told me later that the man had a goiter. The last time I [...]
1Sep2007 | David R. Henderson | 0 comments | ContinuedInflation Is a “Phantom Menace”? It Just Ain’t So!
Gene Callahan is the author of Economics for Real People: An Introduction to the Austrian School and the just-published novel Puck.
Princeton University economist Paul Krugman, in his New York Times column of June 16, argues that the current fears about an increase in the U.S. inflation rate actually pose a more serious threat to the American [...]
Enron and Argentina Are Examples of Market Failure? It Just Aint So!
In the eyes of New York Times columnist Paul Krugman, nearly everything that goes wrong in the world is caused by the fact that government is not big and powerful enough. In a mid-December 2001 column he blamed both the bankruptcy of Enron and the collapse of the Argentine economy on deregulation. But, as is [...]
1May2002 | Thomas J. DiLorenzo | 0 comments | Continued-
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
