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How the Case for Austerity Has Crumbled (Krugman)

How the Case for Austerity Has Crumbled by Paul Krugman published by The New York Review (2013),

“Why did the austerians get such a powerful grip on elite opinion in the first place?

In normal times, an arithmetic mistake in an economics paper would be a complete nonevent as far as the wider world was concerned. But in April 2013, the discovery of such a mistake—actually, a coding error in a spreadsheet, coupled with several other flaws in the analysis—not only became the talk of the economics profession, but made headlines. Looking back, we might even conclude that it changed the course of policy.”

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