Once again, Bob Murphy explains why Paul Krugman’s criticisms of Austrian Business Cycle theory are a bust.
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Attack the System » Blog Archive » Updated News Digest April 5, 2009 -
April 5, 2009
[…] They Really Give Nobel Prizes Away Like Candy These Days by Paul Krugman […]
Speaking of public intellectuals getting it wrong, I spent much of the last week looking into the ways atheism is portrayed in the public. I spent some time on Richard Dawkins’s website and stumbled upon a bit of Spencer defamation. Obviously I think Dawkins understands his field better than Krugman understands economics, but it was disturbing to see a respected intellectual and expert on Charles Darwin get something so wrong either due to laziness or taking for granted the idea of Spencer as “social Darwinist.”