{"id":2162,"date":"2009-09-03T18:26:25","date_gmt":"2009-09-03T22:26:25","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=2162"},"modified":"2009-09-03T18:26:25","modified_gmt":"2009-09-03T22:26:25","slug":"krugman-how-did-economists-get-it-so-wrong","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2009\/09\/03\/krugman-how-did-economists-get-it-so-wrong\/","title":{"rendered":"Krugman&#8211;How Did Economists Get it So Wrong?"},"content":{"rendered":"<p>Nobel economist Paul Krugman wrote in the 6 September 2009 New York Times Magazine, <a href=\"http:\/\/www.nytimes.com\/2009\/09\/06\/magazine\/06Economic-t.html?pagewanted=print\">How Did Economists Get it So Wrong?<\/a>. It is a discussion of the re-emergence of Keynesian macroeconomics.<\/p>\n<p>On 4 August 2009, SteveG kindly posted <a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=1989\">Krugman Lectures on the Depression<\/a> containing URLs to three audio lectures (mp3) plus slides, which I emailed to him, given by Krugman at the London School of Economics (LSE) this summer. I am reposting those links here for your convenience.<\/p>\n<pre>Part I--The Sum of All Fears\r\nAudio: <a title=\"Part I audio\" href=\"http:\/\/tinyurl.com\/kj43gf\" target=\"_blank\">http:\/\/tinyurl.com\/kj43gf<\/a>\r\nSlides (pdf): <a title=\"Part I slides\" href=\"http:\/\/tinyurl.com\/n6gevo\" target=\"_blank\">http:\/\/tinyurl.com\/n6gevo<\/a>\r\n\r\nPart II--The Eschatology of Lost Decades\r\nAudio:  <a title=\"Part II - audio\" href=\"http:\/\/tinyurl.com\/mjvq65\" target=\"_blank\">http:\/\/tinyurl.com\/mjvq65<\/a>\r\nSlides (pdf):  <a title=\"Part II - slides\" href=\"http:\/\/tinyurl.com\/lcavs7\" target=\"_blank\">http:\/\/tinyurl.com\/lcavs7<\/a>\r\n\r\nPart III--The Night They Reread Minsky\r\nAudio:  <a title=\"Part III - audio\" href=\"http:\/\/tinyurl.com\/m4hww2\" target=\"_blank\">http:\/\/tinyurl.com\/m4hww2<\/a>\r\nSlides (pdf):  <a title=\"Part III - slides\" href=\"http:\/\/tinyurl.com\/m92wpj\" target=\"_blank\">http:\/\/tinyurl.com\/m92wpj<\/a><\/pre>\n<p>The New York Times Magazine article covers some of the material in the LSE lectures; therefore for those of you who don&#8217;t have the time, the technology, or the inclination to listen to the 3+ hours of lecture,\u00a0 you might wish to read the article and decide afterward whether you want the more thorough analysis.<\/p>\n<p>In the interest of full disclosure, SteveG is not as impressed as I am with Krugman nor with <a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=1905\">Paul Samuelson<\/a>; please see SteveG&#8217;s <a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=1989\">full post on the Krugman lectures<\/a> plus SteveG&#8217;s additional post, <a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=1995\">How Milton Friedman Fooled the Economists<\/a>, for his opinion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nobel economist Paul Krugman wrote in the 6 September 2009 New York Times Magazine, How Did Economists Get it So Wrong?. It is a discussion of the re-emergence of Keynesian macroeconomics. On 4 August 2009, SteveG kindly posted Krugman Lectures on the Depression containing URLs to three audio lectures (mp3) plus slides, which I emailed [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":{"0":"post-2162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-richardhsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/2162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=2162"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/2162\/revisions"}],"predecessor-version":[{"id":2165,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/2162\/revisions\/2165"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=2162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=2162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=2162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}