Paul Krugman Won the Nobel Prize
- Thread starter AmerikazMost
- Start date
When I heard about this, my first reaction was total revulsion and a mind-boggling reeling-back in disbelief. My eyes started from my head. My mouth opened in an animal scream of horror. I regard that moment as the absolutely lowest point I've ever reached in loathing of my species. I may have stumbled out of the house and into the night, decaying inside from this revolting news. It's mostly a blur. Later, I considered the source: the Nobel committee. I do not think I demean them much by perceiving them as meatheads, clods, fruitcakes, nincompoops, amoeba-brains, yoyos, yipyops, and clodhoppers.
The same esteemed organization that gave Yasser Arafat and Henry Kissenger Peace prizes. Oh, and Al Gore.
The same esteemed organization that gave Yasser Arafat and Henry Kissenger Peace prizes. Oh, and Al Gore.
Stiglitz is the man. I'm actually a little jealous.
I've read a little bit. I plan to read more. It's very interesting stuff.
Krugman is a brilliant economist and wrote some ground-breaking stuff. Most people know him as the extreme political op-ed writer, but this isn't a political prize--it's economics. They gave him the prize despite his NY Times writings, not because of it.
Sort of like when they gave it to John Nash.
Edit: Oh, and the front-runner before the decision was Eugene Fama of Chicago, who I believe wrote something on how the markets are efficient and that all traded assets are properly valued based on info available to investors.
Maybe you can see where giving him the Nobel Prize this year would be a problem...
I've read a little bit. I plan to read more. It's very interesting stuff.
Krugman is a brilliant economist and wrote some ground-breaking stuff. Most people know him as the extreme political op-ed writer, but this isn't a political prize--it's economics. They gave him the prize despite his NY Times writings, not because of it.
Sort of like when they gave it to John Nash.
Edit: Oh, and the front-runner before the decision was Eugene Fama of Chicago, who I believe wrote something on how the markets are efficient and that all traded assets are properly valued based on info available to investors.
Maybe you can see where giving him the Nobel Prize this year would be a problem...
I tend to stay away from Macro, but to add perspective...
Krugman is a Keynesian. People who think that Keynesian theories are a load of crap tend to have an very low opinion of Krugman. In particular, the Austrian school holds a grudge against him because he has made shallow attempts at refuting their models, while essentially demonstrating that he doesn't even understand them. The Austrians don't like Paul Krugman.
Regardless, congratulations to Dr. Krugman.
Krugman is a Keynesian. People who think that Keynesian theories are a load of crap tend to have an very low opinion of Krugman. In particular, the Austrian school holds a grudge against him because he has made shallow attempts at refuting their models, while essentially demonstrating that he doesn't even understand them. The Austrians don't like Paul Krugman.
Regardless, congratulations to Dr. Krugman.
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