Paul Krugman on Niall FergusonHistorians in the News
tags: NYT, Paul Krugman, economics, Niall Ferguson, John Maynard Keynes
After his Keynesianism-is-gay remarks got him in trouble, Niall Ferguson did the right thing and offered a straightforward, no excuses apology. Unfortunately, it seems that he has reverted to type; sigh.
But this does seem to call for an update on a subject I have written about occasionally: the remarkable way in which the Great Recession, by bringing us back into a world of persistent inadequate demand, has unleashed a sort of reign of error among anti-Keynesian economists and pundits. And I’m not talking about the usual Heritage or Cato hacks; I’m talking about people with serious reputations either for research or for seemingly judicious commentary.
Oh, and by “error” I don’t mean “views I disagree with”; I mean raw conceptual or empirical banana-peel episodes, the kind of thing that defenders of these men (who have a lot of defenders) try to justify not by claiming that they were right, but by claiming that they didn’t say what they did, in fact, say....
comments powered by Disqus
- NYT's Notable Books of 2015: These are the history books that made the cut
- Petition signed by 44,000 to add more female thinkers to the Politics A Level syllabus in the UK
- Most Students Have No Clue What Accurate Native American History Looks Like
- Historians Re-Enter Presidential Studies
- David Courtwright sees 19th-century solution to the current heroin crisis