angrybear.blogspot.com - 10/6/2009
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Robert Waldmann Paul Krugman does not think highly of Austrian or liquidationist theories of the business cycle. He recently remade an argument which is hard to refute "the whole notion falls apart when you ask why, say, a housing boom — which requires shifting resources into housing — doesn’t ...
blogs.reuters.com - 10/8/2009
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blogs.reuters.com —
Paul Krugman gave a pleasingly wonkish talk at
the World Business Forum today: the attendees with their...
Speaker Workbooks will have found it difficult to fill out the Paul Krugman Summary Sheet on page 95, complete with blanks where they are meant to ...
(more)
Krugman on the end of trade
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Links 10/6/09
naked capitalism —
Aquacalypse Now: The End of Fish New Republic. A must read (hat tip reader John D).
The top ten things you didn’t know about Iran Juan Cole, Salon (hat tip reader Skippy)
7 Glow-in-the-Dark Mushroom Species Discovered Wired
An ACORN Amendment for Pfizer The Nation (hat tip reader John D)
New Yorker Rewrites Economic History Dean Baker. I was SOOO disgusted with the New Yorker story (hagiography of Larry Summers) that I could not stomach finishing it. Good for Baker for doing the heavy lifting of shredding it.
The Elusive Leverage Ratio Rolfe Winkler
Bankers Gone Bad: ...
Eight Thousand Miles Away, Robert Waldmann Is Thinking About Labor Rents and Business Cycle Asymmetry...
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Defending Schumpeter from Krugman: In Schumpeter's story as written [in Business Cycles and Economics of the Recovery Program] there is a bubble with over-investment, the build up of an excessive capital stock, then a recession with low investment until the aggregate capital-labor ratio is brought back down.... ...
Will stimulating nominal aggregate demand solve our problems?
Econbrowser —
... You can find more discussion from Arnold Kling ([1],
[2]),
Ryan Avent,
Robert Waldmann, and
Matthew Yglesias.
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Paul Krugman asks a Question
econlog.econlib.org 10/5/2009 — (October 5, 2009 04:42 PM, by Arnold Kling) He argues that the Recalculation story falls apart when you ask why, say, a housing boom -- which requires shifting resources into housing -- doesn't produce the same kind of unemployment as a housing bust ...
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