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  • A Dark Age of macroeconomics (wonkish)

    posted to Paul Krugman on Tue 27th Jan 09

    Brad DeLong is upset about the stuff coming out of Chicago these days - and understandably so. First Eugene Fama, now John Cochrane, have made the claim that debt-financed government spending necessarily crowds out an equal amount of private spending, even

  • Liquidity preference, loanable funds, and Niall Ferguson (wonkish)

    posted to Paul Krugman on Sat 2nd May 09

    Joe Nocera writes about Thursday's New York Revie/PEN event on the economy, but fails to mention what I found the most depressing aspect of the whole thing: further confirmation that we're living in a Dark Age of macroeconomics, in which hard-won knowledge

  • Why markets can't cure healthcare

    posted to Paul Krugman on Sat 25th Jul 09

    Judging both from comments on this blog and from some of my mail, a significant number of Americans believe that the answer to our health care problems - indeed, the only answer - is to rely on the free market. Quite a few seem to believe that this view reflects

Latest posts linking here

  • Links for 10-08-2013

    posted to Economist's View on Tue 8th Oct 13

    Are Austerians Slippery Because They Are Greeced? - Brad DeLongBlame the Deficit Scolds - Paul KrugmanProbability Theory: synthesis of commerce and ethics - Tim JohnsonWill Unconventional Policy Be the New Normal? - John C. WilliamsWhat are Conservative Experts

  • Interregional trade is growing much more slowly than international trade

    posted to Marginal Revolution on Mon 7th Oct 13

    Paul Krugman writes:…we can measure the growth of each flow from 1997 to 2011, which covers much though not all of the era of hyperglobalization. And heres what I get for percentage changes from 1997-2011:Exports: 46.5 Imports: 108.7 Total trade (exports

  • Dancing with the Shutdown Spin that Brought You

    posted to Beat the Press on Mon 7th Oct 13

    AP Photo/J. Scott ApplewhiteSpin is overrated. Alas, its never going away.If theres one thing that political scientists try, repeatedly, to convince the reporters and correspondents who cover politics about, its that fundamentals tend to matter a lot more than