http://web.mit.edu/krugman/www/smokey.html
http://query.nytimes.com/gst/fullpage.html?res=9F02E4DF153FF934A35755C0A9669C8B63
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!