Paul Krugman Wins Nobel Prize in Economics

EconomicPolicyJournal.com ^

[Kozman]

The Royal Swedish Academy of Sciences cited Krugman "for his analysis of trade patterns and location of economic activity."...

[Lancey Howard]

Hahaa... And here I thought the Nobel couldn’t possibly become any more of a laughingstock.

[JerseyHighlander]

I’m sorry but Krugman isn’t even highly respected in the Princeton Econ department, he also doesn’t get invited to NYU Stern and Columbia Dept of Econ anymore because he made a complete joke of himself repeatedly to the point where major alum were telling the schools to never waste their time again by inviting him to symposiums.

He hasn’t written a pure economics paper in over a decade... so what was he awarded for?

[Paradox]

Thanks for your input! I thought I had read something by another economist (conservative guy), that Krugman was well respected in economics, but that he had gone off the deep end politically and socially.

[grundle]

Paul Krugman is not as bad on economics as some people claim. He is in favor of sweatshops and against rent control:

http://web.mit.edu/krugman/www/smokey.html

http://query.nytimes.com/gst/fullpage.html?res=9F02E4DF153FF934A35755C0A9669C8B63

[sciencefreeper]

There is no doubt about his academic career - read the journals; he predicted the tide of economic events for many years. the question is: how we can hire people like him, make them work for US and the USA!

[Berosus]

I believe this is the same Paul Krugman who said in 2006: “And when the chickens that didn’t hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.”

[SeekAndFind]

Here is what Donald Luskin of the Krugman Truth Squad has to say about his prize ) :

KRUGMAN WINS THE NOBEL PRIZE The Nobel Prize is never posthumous — it is only awarded to living persons. So some great minds such as John Maynard Keynes and Fischer Black never received the prize in Economics. All that has changed. With today’s award to Paul Krugman, the Nobel as gone to an economist who died a decade ago. The person alive to receive the award is merely a public intellectual, a person operating in the same domain as Oprah Winfrey. And even as a public intellectual, the prize is inappropriate, because never before has a scientist operating in the capacity of a public intellectual so abused and debased the science he purports to represent. Krugman’s New York Times column drawing on economics is the equivalent of 2006’s Nobelists in Physics, astronomers Mather and Smoot, doing a column on astrology — and then, in that column, telling lies about astronomy.

But what’s done is done. The only question now is whether Krugman will pay taxes on the prize at the low rates enabled by the Bush tax cuts he has done so much to discredit, or if he will volunteer to pay taxes at higher rates he considers more fair.

[dervish]

thanks. Nobel continues to sink.

Krugman supports Mahathir’s anti-semitism

http://www.nationalreview.com/nrof_luskin/truthsquad200310221113.asp

[Cronos]

My opinion is that Krugman is a good Economist and analyst, however, he is terribly partisan.