Ep. 367 Murphy Takes on Krugman on Recessions, Business Cycles

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)

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 Facebook

Robert Murphy

Episode Mentioned

Ep. 361: Against Market Monetarism and NGDP Targeting (Joseph Salerno)

Related Episodes

Ep. 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 Offers

Bob 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.