Ep. 157 Krugman's Model Worked Great -- So Long as He Writes the History Books


Manage episode 217334769 series 89869
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Krugman surprises us by writing about economics. He tells us that in the wake of the financial crisis, the public and even other economists have drawn the wrong lessons. Contrary to what you've heard, says Krugman, the Keynesian macro model did great during the crisis, while microeconomics is overrated. Well yes, we agree that Krugman's model did great...if we overlook all the times it blew up in his face.

Show notes for Ep. 157

194 episodes available. A new episode about every 7 days averaging 39 mins duration .