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Whether his colleagues like it or not, Paul Krugman is the public face of the Keynesian establishment. Replying to Krugman, therefore, involves more than criticizing just one person. Today Bob Murphy takes apart Krugman’s most recent New York Times column, in which he tries to defend Keynesianism against critics.
About the GuestRobert P. Murphy holds a Ph.D. in economics from New York University. He is the author of numerous books (see below), including study guides to Ludwig von Mises’ Human Action (study guide here) and The Theory of Money and Credit (study guide here), and Murray Rothbard’s Man, Economy, and State (study guide here).
Articles Discussed“Anti-Keynesian Delusions,” by Paul Krugman “My Reply to Krugman on Austrian Business-Cycle Theory,” by Bob Murphy
Related Link“Krugman and the Babysitters,” by David Gordon
Guest’s BlogFree Advice
Books by the GuestLessons for the Young Economist (free textbook; click here for a free teacher’s manual)
Chaos Theory (available free)
Understanding Bitcoin (with Silas Barta; available free)
The Politically Incorrect Guide to Capitalism (also available as an audiobook)
The Politically Incorrect Guide to the Great Depression and the New Deal (also available as an audiobook)
GET YOUR FREE AUDIOBOOK
Guest’s Twitter@BobMurphyEcon
Guest’s FacebookRobert Murphy
Episode MentionedEp. 361: Against Market Monetarism and NGDP Targeting (Joseph Salerno)
Related EpisodesEp. 291: Japan: Failed Keynesian Experiment (Robert Murphy) Ep. 118: Boom and Bust: The Cause (David Howden) Ep. 24: Keynes and His Errors (G.P. Manish)
Special OffersBob Murphy is joining the faculty at Liberty Classroom this year! Learn from Bob in courses you can listen to on the go, plus live Q&A sessions and more. Twelve courses teaching the history and economics we didn’t learn in school await you already. Join us, using coupon code SHOW (all caps) for a special discount.
If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.
Mark Thornton, a senior fellow of the Mises Institute, is book review editor of the Quarterly Journal of Austrian Economics and teaches economics at Auburn University.
Paper Discussed“Transparency or Deception: What the Fed Was Saying in 2007,” by Mark Thornton; available for download soon
Books by the GuestTariffs, Blockades, and Inflation: The Economics of the Civil War (with Robert Ekelund) The Economics of Prohibition The Quotable Mises
Guest’s Twitter@DrMarkThornton
Related EpisodesEp. 346: The Fed Caused the Meltdown Ep. 158: The Fed and the 1% (Mark Thornton) Ep. 118: Boom and Bust: The Cause (David Howden)
Special OffersIf you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.
Need inexpensive web hosting? Get a discounted rate at Bluehost — just $3.95 per month! — for TomWoods.com visitors by using this special link.
Disclosure: Some of the links on this page, like the Amazon links above, are affiliate links, which means I earn a commission if you click through and buy something. So if you do, do so in the happy knowledge that at no extra cost to yourself, you are helping the Tom Woods Show!
Adam Vass Gal teaches economics at Belmont University, and has worked in financial services for 12 years.
Book DiscussedGenerational Poverty: An Economic Look at the Culture of the Poor
Other Book by the GuestA Corrected Economic Republic
Guest’s Twitter@AdamVassGal
Special OffersIf you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.
Need inexpensive web hosting? Get a discounted rate at Bluehost — just $3.95 per month! — for TomWoods.com visitors by using this special link.
Disclosure: Some of the links on this page, like the Amazon link above, are affiliate links, which means I earn a commission if you click through and buy something. So if you do, do so in the happy knowledge that at no extra cost to yourself, you are helping the Tom Woods Show!
Stephen Halbrook is a lawyer known for his involvement in Second Amendment and gun control litigation, and is the author of numerous books on these subjects.
Books by the GuestThe Founders’ Second Amendment Gun Control in the Third Reich
Guest’s WebsiteStephenHalbrook.com
Related EpisodesEp. 168: More Guns, Less Crime (John Lott) Ep. 85: The Real Second Amendment (Stephen Halbrook) Ep. 7: Guns 101 (Larry Pratt)
Joe Quirk is a bestselling author and director of communications for the Seasteading Institute.
LinksThe Seasteading Institute 8 Ways Seasteading Can Improve the World Plan for the first floating city by 2020 Architectural design contest
Videos
The Seasteading Institute
Twitter@seasteading
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