Worthy of Revisiting: Krugman’s “How Did Economists Get It So Wrong?”

I just finished (re)reading Paul Krugman, How Did Economists Get It So Wrong?, N.Y. Times, Sep. 2, 2009.  Though it is dated, if you haven’t read it yet, it is great on economic theory and on the current crisis.  There are some of course who do not agree (see John H. Cochrane, How Did Paul Krugman Get It So Wrong?, Economic Affairs, June 2011), but I think it is great and does a great job showing how dominant the Chicago school is in the United States (see, e.g., Epstein’s Why I Will Never Be a Keynesian).

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