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Source link: http://archive.mises.org/16905/the-next-best-thing-to-a-murphy-krugman-debate/

The Next Best Thing to a Murphy-Krugman Debate

May 11, 2011 by

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.


Ned Netterville May 11, 2011 at 10:02 am

What makes one a Keynesian? I would say that if one wittingly or unwittingly accepts and repeats any of the “economic” nostrum’s spouted by Keynes in his GT or elsewhere, than such a one is a Keynesian. On that basis I would say that every pundit and policy maker is a Keynesian, with the possible exception of Ron Paul. The only possible way that an educated American today can avoid the pervasive influence of Keynesian tripe is by being well grounded in Austrian economics.

vaduka May 11, 2011 at 11:15 am

The biggest honor that Krugman has ever received is to have his name in one of the Mises Academy’s courses. :)

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