How Did Paul Krugman Get it so Wrong?
John H. Cochrane
University of Chicago - Booth School of Business; Hoover Institution; National Bureau of Economic Research (NBER)
Economic Affairs, Vol. 31, Issue 2, pp. 36-40, 2011
This article is a response to Paul Krugman's New York Times Magazine article, ‘How Did Economists Get It So Wrong?’ Krugman's attack on modern economics – and many adhominem attacks on modern economists – display a deep and highly politicised ignorance of what economics and finance is really all about, and a striking emptiness of useful ideas.
Number of Pages in PDF File: 5
Keywords: Paul Krugman, stimulus, Keynes, efficient markets
Date posted: June 6, 2011
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