Mises Review
Author:
David Gordon
Online Publish Date:
Mises Review 5, No. 1 (Spring 1999) “THE HANGOVER THEORY” by Paul Krugman Slate December 3, 1998 Paul Krugman is an eminent economist, but he here reveals a woefully inadequate understanding of Austrian business cycle theory. The rudiments of the theory are easy one might have thought that even a Keynesian could grasp them. According to Mises and