Paul Krugman: History RoolzRoundup: Talking About History
Paul Krugman is an economist at Princeton and a columnist for the New York Times.
Kevin O’Rourke follows up on some of what I’ve been writing, and argues that doing good macroeconomics depends crucially on knowing a fair bit about economic history. Indeed....
I’d also say that there’s history and then there’s history. Knowing the time-series properties of US quarterly data since 1947 isn’t what I mean. In macro, in particular, you need to know about drastic events. I don’t have it in front of me, but in his book on the German hyperinflation Frank Graham said roughly this: “Disorder is, for the social sciences, the sole substitute for the controlled experiments of the natural sciences.” That means knowing about prewar experience; it also means knowing about international experience — for there have been numerous crises even since World War II, just not in the United States....
comments powered by Disqus
- Snopes debunks slavery Internet meme
- Revamped Chinese History Journal Welcomes Hard-Line Writers
- Poll: 3 Out of 5 Texan Trump Supporters Want Secession if Hillary Clinton Is Elected
- The Psychiatric Question: Is It Fair to Analyze Donald Trump From Afar?
- Minorities still feel Eugene, Oregon’s historical link to the Ku Klux Klan
- Ernst Nolte, Historian Whose Views on Hitler Caused an Uproar, Dies at 93
- Japan should give formal apology for wartime aggression, says historian
- Historian Benjamin Madley says what whites did to Indians in the 19th century in California was genocide.
- Kevin Baker says America needs to bring back political machines
- Covell Meyskens uses his blog to show what life was like under Mao. (Interview)