Keynes, Krugman, and the Crisis: an online course with Robert Murphy.
Not every pundit and policy-maker is a Keynesian, but Keynesian viewpoints have seeped into almost every facet of public discourse on economic policy. To understand what guides current policy, and what has led us to the present economic crisis, it is essential to understand Keynesianism. In this course, Austrian economist Robert Murphy will help you do just that. He will do so by taking you to the source: John Maynard Keynes himself. He will explain the basic doctrines of Keynes’ economics in clear language. He will also introduce you to the refinements added by Keynesianism’s later proponents. He will especially discuss the positions of the most prominent present-day Keynesian, Paul Krugman. Finally, Dr. Murphy will explain the role Keynesianism played in the recent financial bubble and its aftermath. And of course all throughout, Dr. Murphy will apply the analysis of Keynesianism’s most formidable opponent: Austrian Economics.