Nobel Prize for Paul Krugman???
Writing by abuhatem on Tuesday, 14 of October , 2008 at 3:01 pm
That Paul Krugman won the Nobel Prize in economics was perhaps the most disgusting news out of yesterday. Anyone who has followed Krugman and his New York Times columns, knows that he is a die hard Keynesian statist. He has called for the transformation of the American economy into a statist anti-freedom socialistic European model claiming they have “conquered poverty.” He has also affirmed the broken window fallacy of Frederic Bastiat saying that the Iraq war is “good for the economy.”
Austrian economists have published numerous critiques of Krugman’s positions on the business cycle. They are all available here, here, and here.
But I don’t want to speak totally bad about the man. David Henderson, the free market economist many of you all might know from Antiwar.com, offers some praise for Krugman’s work on free trade in today’s Wall Street Journal.
Category: American Politics, Economics
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