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- Search found 5 items for:
- Capital and Interest Theory
- Robert P. Murphy
- 2009
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
There’s an old joke where the first guy says, “What’s the difference between drapes and toilet paper?” The second guy says, “I don’t know, what?” Then the first guy responds, “You are not allowed in my house!” After watching the “expert” economists debate our financial crisis during the past year, I realize that we can modify the joke. Today I
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
In a recent debate, prominent Keynesian professor and blogger Brad DeLong claimed that the Austrian explanation of the business cycle “does not work as an intellectual enterprise.” DeLong quotes Paul Krugman who, back in December, apparently dealt the Austrian diagnosis a crushing defeat on both theoretical and empirical grounds. In the present
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
“It is no coincidence that Mankiw’s worldview leads him to literally propose destroying the currency in order to fix the economy.” In his April 18 New York Times op-ed , Harvard professor (and Bush adviser) Greg Mankiw calls on the Federal Reserve to promise future inflation, in order to fix the economy. Mankiw’s article beautifully illustrates
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
En un debate reciente, el eminente profesor y blogger keynesiano Brad DeLong afirmaba que la explicación austriaca del ciclo económico “no funciona como empresa intelectual”. DeLong cita a Paul Krugman, que allá por diciembre aparentemente infligió al diagnóstico austriaco una derrota aplastante tanto desde el punto de vista teórico como práctico.