Paul Krugman on Niall Fergusontags: NYT, Paul Krugman, economics, Niall Ferguson, John Maynard Keynes
After his Keynesianism-is-gay remarks got him in trouble, Niall Ferguson did the right thing and offered a straightforward, no excuses apology. Unfortunately, it seems that he has reverted to type; sigh.
But this does seem to call for an update on a subject I have written about occasionally: the remarkable way in which the Great Recession, by bringing us back into a world of persistent inadequate demand, has unleashed a sort of reign of error among anti-Keynesian economists and pundits. And I’m not talking about the usual Heritage or Cato hacks; I’m talking about people with serious reputations either for research or for seemingly judicious commentary.
Oh, and by “error” I don’t mean “views I disagree with”; I mean raw conceptual or empirical banana-peel episodes, the kind of thing that defenders of these men (who have a lot of defenders) try to justify not by claiming that they were right, but by claiming that they didn’t say what they did, in fact, say....
comments powered by Disqus
- Round 2: It's Benny Morris vs. Martin Kramer ... Was there a massacre in 1948 in Lydda?
- World War I Anniversary: Five Historians, Two Questions
- While French historians take a common view of WW I, British and German don't
- Historian: Proclamation Naming Pa. State Gun Gets Facts Wrong
- Irish slave owners were compensated historian reveals