tag:blogger.com,1999:blog-2761684730989137546.post8340045369629420708..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: circuit — A kind word for Paul [Krugman]mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-13007525143562105992013-04-26T11:13:43.302-04:002013-04-26T11:13:43.302-04:00It's just there is too much good economics out...<i>It's just there is too much good economics out there, and the situation is too serious, to have much patience for people who believe in things like IS-LM anymore</i><br /><br />Agree. It's hiding behind a model. Krugman is bowing to the orthodox demand that everything be expressed in a model, which is not only dumb, it biases economics away from consideration of quality in the mistaken effort to be a positive science, which as others have pointed out is a sad case of penis envy.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52746071492013408242013-04-26T01:13:13.315-04:002013-04-26T01:13:13.315-04:00(sorry to be impolitic. It's just there is too...(sorry to be impolitic. It's just there is too much good economics out there, and the situation is too serious, to have much patience for people who believe in things like IS-LM anymore.)<br />Clint Ballingerhttps://www.blogger.com/profile/16484643778860969972noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-60219101658638913792013-04-25T17:59:04.145-04:002013-04-25T17:59:04.145-04:00"Well, Krugman himself will tell you that his..."Well, Krugman himself will tell you that his secret weapon is simple, elementary Keynesian economics - a rough-and-ready IS-LM view of the world" <br /><br />Bullshit. <br /><br />Besides MMT, Steve Keen has far and away been the one to listen to. <br /><br />Krugman should stick to "new" economic geography, where he is still a novice <br />(see <br />Martin, Ron. 1999. The ‘New Economic Geography’: Challenge or Irrelevance? <br />Transactions Institute of British Geographers 24: 387-391. <br /><br />Martin, Ron and Peter Sunley. 1996. Paul Krugman’s Geographical Economics and <br />Its Implications for Regional Development Theory: A Critical Assessment.<br />Economic Geography, 72: 259-292.Clint Ballingerhttps://www.blogger.com/profile/16484643778860969972noreply@blogger.com