So, after shunning debate and the like, Paul Krugman finally admits that Robert Murphy exists, although I hardly think that what Murphy wrote constituted as "puerile insults." Yes, this comes from a person who mocks people who disagree with him as "zombies." No immaturity there.
The article to which Krugman refers is this one on capital theory, something that is missing from Krugman's Keynesian analysis as well as from the old Chicago School. (In their view, capital magically appears, as economists simply can assume it into existence. Don't try this at home.)
I think that Krugman and Murphy can argue this on their own without any help from me. Here is Murphy's post on his own blog regarding Krugman's post. Read and enjoy.
(I am back from speaking to the Gulf Coast Economics Club in Pensacola. A great time was had by all, and now it is time to get to work at my day job.)
Thursday, January 20, 2011
Yes, Paul, Bob Murphy Exists -- and He is a Better Economist than You Are
Posted by William L. Anderson at 9:02 AM
Labels: "Hangover Theory", Bob Murphy, Capital Theory
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In my comment yesterday on the Krugman blog entry which mentioned Bob Murphy, I quoted from and linked to his excellent article from yesterday on construction employment:
Bob Murphy himself had this to say about that article:
If you are busy and need to prioritize, I would say this is one of the most important Mises Daily articles I have ever written. It bolstered my own belief in the power of Austrian business cycle theory.
When you say 'I think that Krugman and Murphy can argue this on their own without any help from me.' don't you really mean 'I don't have an answer to Krugman's questions so I'll wait for Murphy to say something and just repeat it?'
And congrats Bob Roddis. You have moved further up Murphy's butt. Dark up there?
Such Loughner-esgue incoherence coupled with blind rage. And this comes to us from someone completely oblivious to basic Austrian School concepts.
Your compadres over at the Yglesias blog are much more obscene and vicious than you are. They've created an alter ego for me and tried to hack my Facebook account so that I had to change my password.
Good show, you anti-Austrians. Such a serious and professional job of refutation.
No, it means that I was busy today and did not have the time. Bob did a good job, and I figured it was fine to let his words speak for themselves. Do you have a problem with that?
Anonymous said “And congrats Bob Roddis. You have moved further up Murphy's butt. Dark up there?”
Seriously what is wrong with people? Is no one capable of adult dialogue? We have serious issues that require serious and thoughtful conversation at all different aspects of society. These types of comments do nothing to contribute to the necessary solutions. I’m confident there is a Yahoo forum out there that is compatible with your caliber of input Anonymous.
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