Paul Krugman and Bob Murphy to Debate Business Cycle Theory?!

Oct 22, 2010 at 11:09 PM

By Joseph Brown

Many Austrians have tried to get Krugman to debate business cycle theory. He’s too busy and too sophisticated to debate an Austrian, of course. Until now.

Economist Robert Murphy has come up with a clever way to make this happen. Through a website called The Point, people can pledge an amount of money to make the debate happen. Not one cent is charged to them until it does happen. The money will go to a charity for the hungry in New York. So if it hits, say, $100,000, Krugman will have to explain why getting $100,000 to New York’s hungry isn’t worth one hour of his time. [I added the Krugman and Murphy hyperlinks.]

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Krugman is known in academia for his work on international economics including trade theory, economic geography, and international finance, liquidity traps and currency crises. -Unilife Alan Shortall

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