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Showing posts with label Paul Krugman. Show all posts
Showing posts with label Paul Krugman. Show all posts
Tuesday, March 24, 2020

Lars P. Syll — On the non-neutrality of money

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One of Keynes’s central tenets — in clear contradistinction to the beliefs of mainstream economists — is that there is no strong automatic ...
Wednesday, October 23, 2019

Lars P. Syll — Paul Krugman — finally — admits he was wrong!

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Globalization not as represented by the free traders, who now have egg on their faces and have to eat crow. To boot, trade was supposedly ...
3 comments:
Thursday, May 30, 2019

Stephanie Kelton — Modern Monetary Theory Is Not a Recipe for Doom

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In this post, Stephanie Kelton takes on Paul Krugman. She appears to agree with Paul Krugman's assumption that monetary policy that is...
3 comments:
Tuesday, February 26, 2019

Lars P. Syll’s Blog Krugman vs Kelton on the fiscal-monetary tradeoff

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The battle of the titans. Or maybe better, David and Goliath. We have to free ourselves from the loanable funds theory — and scholastic...
1 comment:

Stephen Hail — "It is great that Paul Krugman is spending so much time trying to understand MMT…"

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It is great that Paul Krugman is spending so much time trying to understand MMT, but I don't think he has escaped from his old ideas su...
2 comments:
Thursday, February 21, 2019

Scott Sumner — Magical Thinking

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Paul Krugman has a couple of posts criticizing MMT. He tries to be polite, pointing out that at the zero bound their policy recommendatio...

Stephanie Kelton — Modern Monetary Theory Is Not a Recipe for Doom

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Now MMT has a bully pulpit, too. The table is still tipped though. But MMT is no longer reduced to rebutting Paul Krugman in his comments s...
Sunday, February 17, 2019

Alexander Douglas — Functional Finance for Mainstream Macroeconomists

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After reading Paul Krugman’s attempt to grapple with Functional Finance , I happened to browse through Wendy Carlin and David Soskice’s mac...
Thursday, February 14, 2019

Brian Romanchuk — Functional Finance Versus New Keynesian Economics, Krugman Edition

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Paul Krugman has piled onto the "MMT explained by non-MMTers" bandwagon , with a critique of Functional Finance. Functional Finan...
4 comments:
Wednesday, February 13, 2019

Alexander Douglas — Paul Krugman on Functional Finance (UPDATED)

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I don't link to the NYT since it stopped being a newspaper. Alex Douglas explains Paul Krugman's criticism there of MMT based on r ...
6 comments:
Friday, November 30, 2018

Lars P. Syll — Polanyi and Keynes on the idea of ‘self-adjusting’ markets

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Paul Krugman still wrong. The mainstream model of an economy based on general equilibrium, rational utility maximization, and money neutral...
7 comments:
Wednesday, July 25, 2018

Nathan J. Robinson — Liberalism And Empire

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Krugman believes that Trump is threatening to destroy America’s great “empire” and that this is bad, because our country’s “empire” is good...
6 comments:
Wednesday, May 23, 2018

Ramanan — Contrasting Joan Robinson And Paul Krugman’s Views On The Global Rules Of Trade

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Interesting quote from Joan Robinson. The Case for Concerted Action Contrasting Joan Robinson And Paul Krugman’s Views On The Global Ru...
2 comments:
Thursday, January 18, 2018

Robert Skidelsky — How [Conventional] Economics Survived the Economic Crisis

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How did conventional economics survive the crisis? Handwaving. Criticism of Paul Krugman and New Keynesian economics, which is based on ...
25 comments:
Monday, August 28, 2017

Mark Thoma — Paul Krugman: Fascism, American Style

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The cards are on the table, and the battle lines are drawn. Note: I am linking to the Krugman piece through Economist's View rather...
Wednesday, August 9, 2017

Lars P. Syl — The loanable funds hoax

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Zombie theory. Lars P. Syll’s Blog The loanable funds hoax Krugman and Mankiw on loanable funds — so wrong, so wrong Lars P. Syll | Pro...
4 comments:
Friday, July 21, 2017

David F. Ruccio — Globalization—how did they get it so wrong?

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There is perhaps no more cherished an idea within mainstream economics than that everyone benefits from free trade and, more generally, glo...
2 comments:
Monday, January 16, 2017

J. W. Mason — What Does Crowding Out Even Mean?

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In terms of a model, "crowding out" means that increasing the value of one variable diminishes the value of another or other var...
Wednesday, January 11, 2017

Brian Romanchuk — ZLB, R.I.P.

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Even if one is not a fan of President-elect Trump, one must be impressed how he managed to shift expectations to end secular stagnation. Wi...
Tuesday, January 10, 2017

Ellis Winningham — Deficits Matter, Paul Krugman Doesn’t

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Okie dokie. So, I awoke somewhere around 4:15 am to finish tearing into Krugman’s latest drivel, when I discovered that Bill Mitchell beat ...
5 comments: