tag:blogger.com,1999:blog-7225373.post7841828726229020831..comments2024-02-29T03:34:23.190-05:00Comments on Who Were the Sea Peoples?: Economics Has No Findings That Command Widespread Agreement?gcallahhttp://www.blogger.com/profile/10065877215969589482noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7225373.post-61679823847482733802012-07-18T22:33:48.782-04:002012-07-18T22:33:48.782-04:00Yeah, Gene, I agree with Blackadder. I do not at a...Yeah, Gene, I agree with Blackadder. I do not at all claim to be familiar with the actual history, but off the top of my head, I would have guessed that the euro was literally designed by economists, and that there were a few big ones who were totally behind it.<br /><br />So I think what you have done in this post is somewhat like saying, "Economists from Krugman to Sumner agree that the economy needs more demand stimulus. This is an area where there is widespread agreement."<br /><br />I mean, maybe that's true, but it's not what the critic of economics has in mind. He means it the same way very few physicists will doubt the Heisenberg uncertainty principle.Bob Murphyhttps://www.blogger.com/profile/04001108408649311528noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-27101319767503371252012-07-17T10:15:56.741-04:002012-07-17T10:15:56.741-04:00It's true that economists across the ideologic...It's true that economists across the ideological spectrum (including Krugman) opposed the Euro based on the theory of optimum currency areas developed by Robert Mundell. <br /><br />On the other hand, Robert Mundell himself was <a href="http://robertmundell.net/economic-policies/the-euro/" rel="nofollow">a big supporter of the Euro.</a> So I don't think economists can claim complete vindication on this one.Josiah Neeleyhttps://www.blogger.com/profile/04408537831149151396noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-23772048240257510822012-07-17T03:50:42.863-04:002012-07-17T03:50:42.863-04:00Krugman has also said that the monetary union shou...Krugman has also said that the monetary union should have been coupled with a fiscal union in the first place.Prateekhttps://www.blogger.com/profile/15287835907015065883noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-77890728732472496312012-07-16T20:56:35.665-04:002012-07-16T20:56:35.665-04:00Heck, naval wargame developers predicted just how ...Heck, naval wargame developers predicted just how the euro would break down. (Scenario booklet with the GDW publication of Harpoon in the late 80s) They got the second order effects wrong though.John Douganhttps://www.blogger.com/profile/17697319138259306921noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-67774931556853632122012-07-16T12:46:04.305-04:002012-07-16T12:46:04.305-04:00Well, really according to this paper! More I canno...Well, really according to this paper! More I cannot say.gcallahhttps://www.blogger.com/profile/10065877215969589482noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-16937276488065298672012-07-16T08:45:38.619-04:002012-07-16T08:45:38.619-04:00"According to an unpublished paper that I hav..."According to an unpublished paper that I have just read, both Paul Krugman and Milton Friedman warned against the creation of the based on this theory."<br /><br />Really? I keenly remember Krugman arguing, in a piece I read, that although Europe was not an optimal currency area, the euro was nonetheless a good idea (on the ground that it would advance the dream of political union).PHhttps://www.blogger.com/profile/12011728672116977010noreply@blogger.com