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26 sats \ 6 replies \ @Bell_curve 6 Mar \ on: Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion econ
This argument was used in the 1960s until 1979 stagflation debunked the Philips curve
Incidentally, 1979 is about when Krugman last did good economic work.
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1979 theory on international trade: similar countries produce similar products
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It offered a theoretical solution to a well known discrepancy between a well established empirical regularity and the classical trade theory of the time.
Other (better in my opinion) solutions have been developed since, but his work was interesting.
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this made me lol
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It was good work, though.
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totally - I almost commented something similar on a different post. The work he won the nobel for is very interesting. Or at least I remember thinking that back when I read it. In general, his work in international economics is much stronger than anything else.
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