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HOW DID PAUL KRUGMAN GET IT SO WRONG?1 |
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| Authors: | John H Cochrane |
| Institution: | University of Chicago Booth School of Business |
| Abstract: | This article is a response to Paul Krugman's New York Times Magazine article, ‘How Did Economists Get It So Wrong?’ Krugman's attack on modern economics – and many adhominem attacks on modern economists – display a deep and highly politicised ignorance of what economics and finance is really all about, and a striking emptiness of useful ideas. |
| Keywords: | Paul Krugman stimulus Keynes efficient markets |