Krugman’s recent article, "The Urge to Purge," does what Krugman usually does: create an Austrian straw man and then supposedly "demolish" the false argument with Keynesian wisdom. 🔗 网页链接展开全文 原微博
Strictly speaking, the Austrian School of economics has nothing to do with libertarianism. Economics, insisted economist Ludwig von Mises, is value-free. It describes rather than prescribes. It does not tell us what we ought to do.🔗 网页链接展开全文 原微博
A common caricature holds that supporters of the free market believe the market yields a perfect social outcome, whatever that is supposed to mean. Our point is that no competing system can do a better job than the market. 🔗 网页链接展开全文 原微博
