Believing his record on economic predictions to be impeccable, Paul Krugman has declared himself "Krugtron the Invincible." Unfortunately for him, a closer look at this record leaves quite a bit to be desired when it comes to accurately predicting the future.
Mises Daily Tuesday by Christopher Westley:
It appears that even economists are now being replaced by machines. At least it seems that way given a recent paint-by-numbers attack from the New York Times on James Grant's new book The Forgotten Depression.
In this paper from the Summer 2015 issue of The Quarterly Journal of Austrian Economics, Matei Apăvăloaei argues that politics/political science can form a sub-field of praxeology.
Mises Daily Monday: Krugman is confused as to why so much technological growth in recent years has not led to more economic growth. The answer lies in the fact that true technological change requires funding — and thus real savings — to be implemented.
Louis Rouanet discusses the deep French libertarian tradition, which goes far beyond Bastiat and Jean-Baptiste Say. In fact, French economics was once a close cousin of the Austrian school. And while we tend to see France as hopelessly statist and egalitarian today, its intellectual traditions are radically liberal.
Editor’s Note: Greece is looking at defaulting on its debts yet again, the EMU remains in crisis mode.
These were the most-read Mises Daily articles during the month of May 2015:
In this essay from 2001, Lew Rockwell discusses what were then new mandates on banks to spy on all depositors and investors. Such efforts are now commonplace, of course, and have merged into the current war on cash.
In an interesting article at the NY Observer, Bernie
In a recent methodological flare-up among economists, Paul Romer accuses Robert Lucas , among others, of "mathiness":
