Ep. 109 LIVE from the Contra Cruise: Do People Behave the Way Economists Predict?

Contra Krugman with Bob Murphy and Tom Woods

Episode

Krugman is a fan of Richard Thaler, winner of the Nobel Prize in economics, and speaks in favor of Thaler’s argument that real people often don’t act like the calculating robots of neoclassical lore. Thaler is right about that, but we’ve got a bunch of punchy responses to his more dubious claims — responses that are all the more fun to listen to because delivered before a live audience aboard the Contra Cruise!

Show notes for Ep. 109

Support Contra Krugman

Contra Krugman is a weekly podcast, available on iTunes and Stitcher, that critiques the New York Times column of economist Paul Krugman. Hosts Bob Murphy and Tom Woods belong to the Austrian School of economics, which includes such luminaries as Ludwig von Mises, Nobel Prize winner F.A. Hayek, and Murray N. Rothbard. (Learn more about the Austrian School at our special resource page.) Become more knowledgeable about economics in just 30 minutes a week by listening to Contra Krugman!

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