Paul Krugman Wins Nobel Prize for Economics

[Gunit Hussein Sangh]

he he he he ... so much for all the conservative male moose excrement bitching about how biased Krugman is ....

STOCKHOLM, Sweden — The American economist Paul R. Krugman won the Nobel economics prize on Monday for his analysis of trade patterns and location of economic activity.

Mr. Krugman, 55, a professor at Princeton University in New Jersey and a columnist for The New York Times, formulated a new theory to answer questions about free trade, the Royal Swedish Academy of Sciences said.

“What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions,” the academy said in its citation.

“He has thereby integrated the previously disparate research fields of international trade and economic geography,” it said.

Mr. Krugman was the lone of winner of the 10 million kronor ($1.4 million) award, the latest in a string of American researchers to be honored.

http://www.nytimes.com/2008/10/14/business/14nobel.html?_r=1&hp&oref=slogin

[OswaldTheOsprey]

he he he he ... so much for all the conservative male moose excrement bitching about how biased Krugman is ....

STOCKHOLM, Sweden — The American economist Paul R. Krugman won the Nobel economics prize on Monday for his analysis of trade patterns and location of economic activity.

Mr. Krugman, 55, a professor at Princeton University in New Jersey and a columnist for The New York Times, formulated a new theory to answer questions about free trade, the Royal Swedish Academy of Sciences said.

“What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions,” the academy said in its citation.

“He has thereby integrated the previously disparate research fields of international trade and economic geography,” it said.

Mr. Krugman was the lone of winner of the 10 million kronor ($1.4 million) award, the latest in a string of American researchers to be honored.

http://www.nytimes.com/2008/10/14/business/14nobel.html?_r=1&hp&oref=slogin

How does this disprove bias?

OswaldTheOsprey

[Gunit Hussein Sangh]

sorry forgot ... everyone knows that truth has a well-known liberal bias 

[bored]

He has a socialist biased. This is not news.

[OswaldTheOsprey]

sorry forgot ... everyone knows that truth has a well-known liberal bias 

So you avoid answering the question? By the way, I am a socialist and far to Krugman's left.

OswaldTheOsprey

[Peter1469]

Krugman is not a socialist, he is a Keynesian - not technically a socialist, but close enough for me. 



http://mises.org/article.aspx?Id=1318

This is harsh criticism, I realize, so I must explain my views in full. Yes, Krugman has a Ph.D. from MIT in economics, but his writings, both popular and academic, demonstrate that he does not believe in laws of economics. Instead, like most folks with socialist leanings, he believes that the state is both omniscient and omnipotent and simply by fiat can eliminate those pesky little problems caused by scarcity.



If one can surmise anything from Krugman's columns, it is that he is an unabashed Keynesian. While others in the economics profession have forsaken the Keynesian faith for things like "Rational Expectations" or "Real Business Cycles," Krugman remains true to the Church of John Maynard Keynes.

[bored]

Krugman is not a socialist, he is a Keynesian - not technically a socialist, but close enough for me. 



http://mises.org/article.aspx?Id=1318

This is harsh criticism, I realize, so I must explain my views in full. Yes, Krugman has a Ph.D. from MIT in economics, but his writings, both popular and academic, demonstrate that he does not believe in laws of economics. Instead, like most folks with socialist leanings, he believes that the state is both omniscient and omnipotent and simply by fiat can eliminate those pesky little problems caused by scarcity.



If one can surmise anything from Krugman's columns, it is that he is an unabashed Keynesian. While others in the economics profession have forsaken the Keynesian faith for things like "Rational Expectations" or "Real Business Cycles," Krugman remains true to the Church of John Maynard Keynes.

Fair enough. Wikipedia has him labeled as a Neo-Keynesian economic thinker.

[Mr. Dirlewanger]

Krugman is a partisan hack.

He was visibly shaking on O'Reilly's show. I was embarrassed for him.

[OswaldTheOsprey]

Krugman is a partisan hack.

He was visibly shaking on O'Reilly's show. I was embarrassed for him.

He obviously isn't used to having his opinions challenged.

OswaldTheOsprey

[Hibbidy Ha]

Krugman is a partisan hack.

He was visibly shaking on O'Reilly's show. I was embarrassed for him.

I've always wondered.  When people say they are embarrassed for somebody, are they actually embarrassed inside, or are they just being sympathetic to the embarrassment somebody else must have?

Dumb question, but what?

[Peter1469]

Krugman is not a socialist, he is a Keynesian - not technically a socialist, but close enough for me. 



http://mises.org/article.aspx?Id=1318

This is harsh criticism, I realize, so I must explain my views in full. Yes, Krugman has a Ph.D. from MIT in economics, but his writings, both popular and academic, demonstrate that he does not believe in laws of economics. Instead, like most folks with socialist leanings, he believes that the state is both omniscient and omnipotent and simply by fiat can eliminate those pesky little problems caused by scarcity.



If one can surmise anything from Krugman's columns, it is that he is an unabashed Keynesian. While others in the economics profession have forsaken the Keynesian faith for things like "Rational Expectations" or "Real Business Cycles," Krugman remains true to the Church of John Maynard Keynes.

Fair enough. Wikipedia has him labeled as a Neo-Keynesian economic thinker.

I think the term neo-keynesian came about as a result of Keynes discrediting Keynesian economics.   Either way, it is a attempt to socialize the free market, although they wouldn't admit to that charge. 

[Mr. Dirlewanger]

Krugman is a partisan hack.

He was visibly shaking on O'Reilly's show. I was embarrassed for him.

He obviously isn't used to having his opinions challenged.

OswaldTheOsprey

Well that and he has a habit of bashing Republicans and the Right in his columns. I am sure he lives in a bubble like many self-righteous liberals.

[Peter1469]

Krugman is a partisan hack.

He was visibly shaking on O'Reilly's show. I was embarrassed for him.

He obviously isn't used to having his opinions challenged.

OswaldTheOsprey

Well that and he has a habit of bashing Republicans and the Right in his columns. I am sure he lives in a bubble like many self-righteous liberals.

Keynesian economics is not limited to the left, unfortunately.  That is how we got into this current crisis.  The left and right acted together. 

Gridlock is preferable. 

[bored]

Krugman is a partisan hack.

He was visibly shaking on O'Reilly's show. I was embarrassed for him.

Haha, i remember that. That was horrible. He was shaking just at the thought of being on TV. Never mind O'reilly's badgering. i can relate to this, I am horrible when it comes to things like this too. Not sure why...

Hmm, interesting. it says that he serve as a consultant for an advisory board for Enron.

[OswaldTheOsprey]

Krugman is a partisan hack.

He was visibly shaking on O'Reilly's show. I was embarrassed for him.

He obviously isn't used to having his opinions challenged.

OswaldTheOsprey

Well that and he has a habit of bashing Republicans and the Right in his columns. I am sure he lives in a bubble like many self-righteous liberals.

Quite so.

OswaldTheOsprey