First of all let’s get one thing out of the way—mea culpa. I’ve done appeals to authority, and I’ve attacked authority. However I don’t recall doing both at the same time, on two closely related points. Here’s Paul Krugman explaining the anti-Keynesian bias in economics: I’m told by younger colleagues, in particular, that anything bearing [...]
The mainstream of the economics profession continue to try to rescue Carmen Reinhart and Ken Rogoff (R&R) from the consequences of their famous Excel spreadsheet error. The latest is Michael Heller, who has pronounced Paul Krugman the...Show More Summary
(John Hinderaker) Decades ago, Paul Krugman did useful work as an academic economist in the area of international trade. But those days are gone: Krugman long ago gave up any pretense of academic seriousness and became a partisan, left-wing hack. Show More Summary
Paul Krugman: >Macroeconomic Hippie-Punching: Brad DeLong interprets the Keynes-bashing opening of Ken Rogoff’s latest as strategic hippie-punching (see definition 2.2), designed to soften up his readers for the easy-money, debt-forgiveness message that follows. Show More Summary
What does the new evidence on Obamacare tell us?: The Obamacare Shock, by Paul Krugman, Commentary, NY Times: Obamacare goes fully into effect at the beginning of next year, and predictions of disaster are being heard far and wide. There...
This weekend, economists Kenneth Rogoff and Carmen Reinhart dropped a bomb on the economics world in the form of a big open letter to Paul Krugman, blasting him for his uncivil and nasty tone in the debate over recent years. Remember,...Show More Summary
Carmen Reinhart and Kenneth Rogoff, the Harvard economists whose influential pro-austerity study was recently exposed as being seriously flawed, have penned a scathing open letter to New York Times columnist Paul Krugman, a major critic of their work and one of the leading voices in the anti-austerity movement. Show More Summary
1. How to find out what a person really thinks. 2. “People are complicated.” 3. Reinhart and Rogoff write an open letter to Paul Krugman, and Krugman responds to one or two of the points. James Hamilton comments. 4. “…or prove their intent to install one within 30 days of their wedding…” 5. How small [...]
Dean Baker: Krugman Misrepresents the Left-Right Divide in U.S. Politics: In his contribution to the debate over whether there is a group of open-minded "reformed" conservatives, Paul Krugman misrepresents the central focus of the left-right divide in national politics. He...
Just when you thought the R&R debate was finished, it seems Paul Krugman's latest "spectacularly uncivil behavior" pushed Reinhart and Rogoff too far. In what can only be described as the most eruditely worded of "fuck you"s, the pair go on the offensive at Krugman's ongoing tete-a-tete. Show More Summary
Paul Krugman wrote this the other day, and I thought it was important enough to bring it to your attention. This is, after all, the real problem: We have a hard-core class of politicians and elected officials who simply refuse to acknowledge reality. Show More Summary
I used to think that Ken Rogoff’s 2002 letter to Joe Stiglitz was the most devastating demolition of the arguments of an esteemed (but rude) economist that I’d ever read. But now we have a new open letter to Paul Krugman: We admire your past scholarly work, which influences us to this day. So it has [...]
Econofeuds just got real. Carmen Reinhart and Kenneth Rogoff — the two economists whose paper on the negative effects of high debt loads was exposed as flawed by a grad student — have written a long letter to Paul Krugman, blasting him for being uncivil and unprofessional in how he treats them in his writing. Show More Summary
Carmen Reinhart and Kenneth Rogoff have posted an open letter to Paul Krugman to try to correct some of the misrepresentations of their scholarship that continue to be repeated by people who should know better. Reinhart and Rogoff'sShow More Summary
In his contribution to the debate over whether there is a group of open-minded "reformed" conservatives, Paul Krugman misrepresents the central focus of the left-right divide in national politics. He tells readers: "Start with the proposition that there is a legitimate left-right divide in U.S. Show More Summary
##Larry Ball and Paul Krugman: The 4% Solution## Paul Krugman writes: >The Four Percent Solution: Larry Ball makes the case that we would be a lot better off with a 4 percent inflation target rather than the 2 percent that is now central bank orthodoxy. Show More Summary
Actually I am making that up, or perhaps it’s the implication I drew from one of Paul Krugman’s mindless rants against conservatism: Start with the proposition that there is a legitimate left-right divide in U.S. politics, built around a real issue: how extensive should be make our social safety net, and (hence) how much do [...]
My Harvard colleagues Carmen Reinhart and Ken Rogoff have written an open letter to Paul Krugman. (pdf version)
Robert Waldmann's comments on the response to Michael Kinsley remind me of this old article from Paul Krugman (I've posted this before, but it seems like a good time to post it again -- it was written in 1998 and...
Paul Krugman is annoyed by the hippie-punching at the start of Ken Rogoff's Project Syndicate column in which Ken lands blows on Paul "Groovy Beads, Man!" Krugman and Martin "Flower Power" Wolf. Me? I think as long as Ken does not consign you to the Gamma Quadrant you are ahead. Show More Summary