The Paranoid Style in Economics by Raghuram Rajan – Project Syndicate

Looking back, this is worth a read. It’s one of our most popular travel blogs

Dr Alf's Blog

Paul Krugman, Laureate of the Sveriges Riksban... Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

IMF Chief Economist Raghuram Rajan at the Worl... IMF Chief Economist Raghuram Rajan at the World Economic Outlook press conference.WEO Press Conference, Washington DC, IMF Headquarters (Photo credit: Wikipedia)

This is an unbelievable and MUST READ article by  Raghuram Rajan, Professor of Finance at the University of Chicago Booth School of Business, and incoming Governor of the Reserve Bank of India.

via The Paranoid Style in Economics by Raghuram Rajan – Project Syndicate.

In the article, Rajan publicly accuses Paul Krugman, the Nobel Prize winning, liberal, economist of “paranoid style” attacks on intellectual guardians of “austerity” Carmen Reinhart and Kenneth Rogoff. Last year, Reinhart and Rogoff’s research underpinning prescriptive austerity for heavily indebted countries was seriously discredited because…

View original post 469 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: