Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Ron Paul vs. Paul Krugman: Austrian vs. Keynesian economics in the financial crisis Paperback – April 1, 2012
ITPro.TV Video Training
Take advantage of IT courses online anywhere, anytime with ITPro.TV. Learn more.
Frequently Bought Together
Customers Who Bought This Item Also Bought
"Jeremy Hammond, a political journalist self-taught in economics and a writer of rare skill, has produced such a book." -- Gene Epstein, Barron's
"The reader does not have to be highly knowledgeable about the world of economic theory to understand Ron Paul vs. Paul Krugman. Clearly written, and with an obvious and well supported perspective..." -- Jim Miles, Foreign Policy Journal
About the Author
If you buy a new print edition of this book (or purchased one in the past), you can buy the Kindle edition for only $0.99 (Save 80%). Print edition purchase must be sold by Amazon. Learn more.
For thousands of qualifying books, your past, present, and future print-edition purchases now lets you buy the Kindle edition for $2.99 or less. (Textbooks available for $9.99 or less.)
Top Customer Reviews
Mr.Hammond has written a timely book regarding the current economic misery in America and its intellectual foundations. I am quite stunned to read the reviews that claim Mr.Hammond is being biased; he provides COMPLETE references to all his quotes so you can see that nothing is taken out of context. Facts vindicate those who are correct and expose those who are not. There's no bias here. It is crucial to note that this book discusses economic theory. This is not a "Republican vs. Democrat" issue! There are PLENTY of big government republicans out there. Democrats can appreciate Austrian economics as much as Libertarians do. This book is about acknowledging the fact that economics is a behavioral science. Paul Krugman assumed that a housing bubble would be acceptable because it would slowly fade away as the economy improved; he was wrong. His understanding of the economy is parochial. His inability to admit his mistakes is obvious. His fundamental dishonesty is disgusting. Skeptical democrats need look no further than Jan 2013, (NY Times, "Be Ready To Mint That Coin"), when the good professor suggested a trillion dollar coin. Seriously? If you're a liberal and even Jon Stewart is mocking you, you know you've done something wrong.
All kidding aside, Krugman is a poor economist and more than a decade of editorials and blog posts confirm this. Krugman pays homage to Keynes, a splendid mathematician but a poor economist, (not surprisingly, there isn't a single Fabian Socialist that you can call a competent economist).Read more ›
Even if you agree with Krugman (as many do), it's startling and worthwhile to see how his writings have evolved over time, and how many mistakes he's made with his economic predictions and refused to acknowledge. While this may not be the best reflection on the opposing economic theories, it is a good reflection on the two individuals. I highly recommend it.
I must admit, the 2007-8 financial crisis fascinates me. (Shortly after reading this book, I rented the movie "The Big Short").
I find the book quite accessible. You don't need a background in economics or finance to follow the book.
Since the purpose of the book is to contrast the ideas of Paul Krugman and Ron Paul, I fully expected the author to have a definite conclusion to share. The author relies on published statements from the two opponents. He quotes them both frequently and at length, with citations you can check. As events have unfolded through the crisis, we are shown the stark contrast between the recommendations, explanations and responses of the two antagonists. This is the kind of illumination an economic disaster demands.
If, like me, you believe that our monetary and financial system is a house of cards, then this book might guide you to ask the right questions. I believe this issue is the most important thing for each of us to tackle today. More important than terrorism, immigration or health care.
I don't believe all of Keynes's ideas are completely wrong (he was a very successful investor, also, how many people, including his most ardent supporters, have waded through his entire General theory of Employment, Interest and Money?), but it is obvious that the policy initiatives inspired by his writings should be carefully reevaluated.Read more ›
Most Recent Customer Reviews
Misleading title. When I purchased the book I assumed I would get a balanced view of both Ron Paul and Paul Kidman economic views. Read morePublished on August 7, 2014 by DEAN
There is nothing to recommend in this book. It is an exercise in selective misinformation by the author. Read morePublished on April 6, 2014 by BABuyer
This book is mis-titled. It should be called "Why Paul Krugman Is A Moron," since the book's little more than a case of the author hurling the kitchen sink at Paul Krugman's head. Read morePublished on December 10, 2013 by Roger Smith
This book makes me feel like a sucker for expecting that it would teach me something about our recent economic history. Read morePublished on November 25, 2013 by S. Shaw
Anyone who reads this book with an unbiased view HAS to be able to see that Ron Paul consistently gives tho most sober, unconflicting and accurate view of what has gone on and is... Read morePublished on October 19, 2013 by Kay Deaves