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Krugman has a Hangover
Brad DeLong gives a nice overview of Austrian business cycle theory and points out (correctly) that in recent columns Paul Krugman has put forward a variant of the theory. (Krugman has also done this before in explaining the recession of 2001.) All of this is most puzzling since Krugman also wrote a famously nasty attack on Hayekian/Hangover business cycle theory calling it "about as worthy of serious study as the phlogiston theory of fire."
Posted by Alex Tabarrok on May 28, 2005 at 01:59 PM in Economics | Permalink
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» paul krugman: crypto-austrian? from Leviathan Slayer
Via Marginal Revolution, we find that Brad Delong thinks that Krugman has been making some Hayekian remarks on the economy recently. [Read More]
Tracked on Jun 6, 2005 8:06:03 PM
