Joe Salerno versus Paul Krugman on Austrian Business Cycle Theory

Tags Monetary PolicyOther Schools of Thought

10/01/2021Robert P. MurphyJoseph T. Salerno

Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory.

Mentioned in the Episode and Other Links of Interest:

The YouTube version of this interview
Bob’s response to Krugman’s NYT piece
Joe Salerno’s 2012 QJAE article responding to ABCT critics
Joe Salerno’s previous appearance on the Bob Murphy Show ep. 16
Bob’s critique of Selgin on Canadian fractional reserve banking

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Authors:

Contact Robert P. Murphy

Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Bob Murphy Show.

Contact Joseph T. Salerno

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.