The Tom Woods Show

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 Guest Robert 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 Blog Free Advice Books by the Guest Lessons for the Young Economist (free textbook; click here for a free teacher’s manual) Chaos Theory (available free) Under