Contra Krugman
Smashing the Errors of America's Most Famous Keynesian
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Narrated by:
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Thomas E Woods Jr
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By:
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Robert P. Murphy
About this listen
With a foreword by Ron Paul
If you believe in the unhampered free market, The New York Times columnist Paul Krugman thinks you're an idiot.
This book is a relentless assault on the ideas of Krugman and on the Keynesian economics that would have the government direct the economy in order to maximize prosperity and prevent recessions.
In fact, the more they try to manage the economy the worse they make it - as during the housing bubble years when the Fed and the federal government colluded to gin up the housing market in order to keep the economy robust after 9/11. Oops.
Unfortunately for Krugman and his followers, Krugman is able to declare victory for Keynesianism only by citing highly selective data, by ignoring or misrepresenting his own predictions, or by misstating the views of his opponents. Krugman even claims to have predicted the housing bubble - after having called for the very policies that created it.
Economist Robert Murphy (PhD, NYU) has an uncanny ability to recall Krugman's columns and interviews and puts his command of this material to devastating use in this book. As Murphy shows, in no way can it be said that Keynesian analysis has won the day. To the contrary, the Austrian School - which has been critical of government intervention, particularly central banking - has been vindicated in episode after episode.
Topics include:
- The Great Depression
- Obamacare
- Krugman's predictions
- Monetary policy
- Climate change
- Financial "reform"
- Employment and wages
- The minimum wage
- Business cycles
- Stimulus
Listen to this book, and never lose a debate again.
©2018 Robert P. Murphy (P)2018 Robert P. MurphyListeners also enjoyed...
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The Shifts and the Shocks
- What We've Learned - and Have Still to Learn - from the Financial Crisis
- By: Martin Wolf
- Narrated by: Sean Pratt
- Length: 14 hrs and 53 mins
- Unabridged
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The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The audiobook identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system.
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Good on Europe's problems, fair global update
- By Philo on 01-08-15
By: Martin Wolf
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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Currency Wars
- The Making of the Next Global Crises
- By: James Rickards
- Narrated by: Walter Dixon
- Length: 9 hrs and 52 mins
- Unabridged
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In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics.
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don't be misled
- By peter on 04-01-12
By: James Rickards
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Money Mischief
- Episodes in Monetary History
- By: Milton Friedman
- Narrated by: Nadia May
- Length: 6 hrs and 23 mins
- Unabridged
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What kind of mischief can result from misunderstanding the monetary system? The work of 2 obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, as well as Franklin D. Roosevelt's decision to appease a few senators from the American West who helped communism triumph in China, are just 2 such mishaps cited in this important work by Nobel Prize-winning economist Milton Friedman. This accessible work also provides an in-depth discussion on the creation of value.
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This book is not unabridged.
- By James on 01-18-09
By: Milton Friedman
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Globalization and Its Discontents
- By: Joseph E. Stiglitz
- Narrated by: Derek Perkins
- Length: 10 hrs and 33 mins
- Unabridged
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank.
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Plea
- By Asma on 10-13-20
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The Death of Money
- The Coming Collapse of the International Monetary System
- By: James Rickards
- Narrated by: Sean Pratt
- Length: 13 hrs and 13 mins
- Unabridged
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The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: War, civil unrest, or significant damage to the stability of the global economy. Now James Rickards, the acclaimed author of Currency Wars, shows why another collapse is rapidly approaching - and why this time, nothing less than the institution of money itself is at risk.
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A good review of the global financial system
- By Jean on 04-22-14
By: James Rickards
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Markets Never Forget (But People Do)
- How Your Memory Is Costing You Money and Why This Time Isn't Different
- By: Ken Fisher, Lara Hoffmans
- Narrated by: Mel Foster
- Length: 7 hrs and 45 mins
- Unabridged
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Best-selling author Ken Fisher here explains how investor's memories play (often costly) tricks on them. Fisher takes aim at some major market memory mishaps, like the idea that stocks have become inherently more volatile or that wildly above - or below - average returns are abnormal. He shows how, early in every recovery, investors don’t believe in it - often at a huge cost. And he shows how, in investing, ideology is deadly. Most important, he explains how you can use history as a powerful investing tool.
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Important Things to Remember
- By John on 01-08-12
By: Ken Fisher, and others
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Fault Lines
- How Hidden Fractures Still Threaten the World's Economy
- By: Raghuram Rajan
- Narrated by: Richard Davidson
- Length: 12 hrs and 58 mins
- Unabridged
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Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now, as the world struggles to recover, it's tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines, Rajan argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed.
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A REAL SNOOZER
- By Frank on 12-02-10
By: Raghuram Rajan
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Shaky Ground
- The Strange Saga of the US Mortgage Giants
- By: Bethany McLean
- Narrated by: Gabra Zackman
- Length: 3 hrs and 33 mins
- Unabridged
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In 2008 the US Treasury put Fannie Mae and Freddie Mac into a life-support state known as "conservatorship" to prevent their failure - and worldwide economic chaos. The two companies, which were always controversial, have become a battleground. Today, Fannie and Freddie are profitable again but still in conservatorship. Their profits are being redirected toward reducing the federal deficit, which leaves them with no buffer should they suffer losses again.
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Details on the Culture and History of the GSEs
- By Jose on 10-15-15
By: Bethany McLean
What listeners say about Contra Krugman
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Austin Ingrum
- 09-03-18
great stuff
love Tom and Bob!!!!!!!!! !!!!!!! !!!!!! !! !! !! ! !! !! !! !! !!
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2 people found this helpful
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- Meaghann Fort
- 08-07-19
Outdoing Yourself
Bob Murphy really outdid himself with this work and Tom Woods' narration is perfection. I recommend this book to anyone interested in hearing commonplace economic 'knowledge' of the most famous Keynesian pushed through the Mises' Meat Grinder of Austrian Business Cycle Theory.
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- Nicholas W. Pecone
- 11-07-18
Fantastic and concise!
The book was great and due to the nature of its creation there was s natural retread on topics that serviced review. My only criticism is the article dates would better serve the audio version at the beginning of each article to help framing.
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2 people found this helpful
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- PublicName
- 03-11-19
The Best!
The Best! Great book. Dr Murphy is brilliant. Tom Woods reading is excellent as well except for one repeated sentence.
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- John Ark
- 08-09-19
Magnificent work.
Magnificent work. Murphy explains economics so well and Woods narration is wonderful. Woods should do more audiobooks.
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1 person found this helpful
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- Tyler Colford
- 09-10-18
Author makes economics entertaining
The book somewhat resembles the “The City of God”, as in Robert P Murphy Ph.D. The opposing views a voice and then makes a case of why their statements were flawed with wit and since Tom Woods Ph.D. is the narrator he knows right where and how to emphasize Bob’s articles; as the two host a weekly podcast “Contra Krugman” and their chemistry from the podcast seeps through...
ps the transcripts of the podcast would be pretty humorous having Tom Woods banter with himself as Bob Murphy, which Bob brings up in one of the most recent episodes.
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- DON JUNGQUIST
- 09-21-18
Amazing book!!! Must read!!
This book is incredible and I absolutely love that it was read by Tom Woods. You don’t need to know a whole lot about economics to understand the arguments Bob Murphy makes. He breaks things down so intuitively that it makes you wonder how the Paul Krugmans of the world are able to get it so wrong.
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2 people found this helpful
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- J. A. Barnaby
- 09-06-18
Krugman demolished, Keynesianism on the ropes
having read about 75% other the essays contained within the volume herein I can confidently say that, even if you think you've already read most of Bob Murphy's anti-krugman/Keynesian articles already, this compilation of works will undoubtedly improve upon your current understanding of both Austrian economics and the Keynesian economics of Paul Krugman, the NY times columnist and most prominent Keynesian of his generation. Thoroughly demolishing his opponent, Murphy graciously concedes far more than his intellectual adversary ever would to him and still out argues Krugman using Krugman's own chosen data and tests. while not entirely perfect, this volume comes as close to demolishing the entire Keynesian project as Hazlitt's own takedown of the original New Economics of Keynes so many decades ago ever could, if not surpassing it entirely, at least for the modern generation of economists and interested lay person.
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3 people found this helpful
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- Dustin Branneky
- 09-28-18
Damn good book!
What a great book. We needed a book that directly combats main screen economists!!!! RPM The goat!
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- Nick Van Bast
- 09-14-20
A timeless masterpiece!
The entire book is composed of articles by Bob (Robert) Murphy, answering to the weekly (or even hourly) fallacies and contradictions produced by Paul Krugman, during a span of 7-8 years. Despite the ephemeral nature of these responses, the issues at play are timeless in nature. I heard this book during the pre-election madness of 2020, in the midst of Coronavirus pandemic induced depression. The economic discourse of today was exactly the same as in 2008-2010 crisis and the remedies proposed by Krugman are the same with the ones proposed right now. Bob's explanations and answers to the fundamendal economic issues that plague our lives are educational, entertaining and modestly put ... brilliant. Tom Wood's voice gives life and warmth to this project. Well done guys!
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