Ep. 106 One of the Top Krugman Errors Ever, Literally Out of Economics 101

1 October 2017     |     Tom Woods     |     19

Krugman says: who cares if high marginal income tax rates make people work less, or lower rates would give them an incentive to make them work more? It’s all a wash, says Krugman: if they work more they also earn more, so they get all the gains and society gets nothing.

This is smashed like nothing we’ve smashed before.

Krugman Blog Post

Why Do You Care How Much Other People Work? Revisited” (September 25, 2017)

From Krugman’s Textbook

Page 521 of Economics, by Paul Krugman and Robin Wells (PDF)(Google Books)

Contra Column

Bob (citing Keynesian Karl Smith) documenting Krugman making this same mistake back in 2012…
Krugman, Karl, and Kalculus,” by Bob Murphy

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