Comments on: Paul Krugman Receives 2008 "Nobel Prize in Economics"

By: Juan

Juan — Tue, 14 Oct 2008 01:59:00 +0000

Well, since i’ve already found some of his writings along that line, nevermind — but while ’supertrading economies’ gets close, imo, there remains overemphasis on the national which deemphasises contradiction between the levels of trade and transfer, but moreso between the not-national intra and nation-states as such, (noting the latter contradiction also manifests through forms of political competition).

By: Juan

Juan — Tue, 14 Oct 2008 01:00:00 +0000

cansarnoso,

do you mean international inter-industry as distinct from transnat intra-firm, which i think are two different levels that can be integrated and would appreciate your pointing me to Krugman’s theories along that line?

By: Richard Kline

Richard Kline — Tue, 14 Oct 2008 00:28:00 +0000

The true prize is the career, and he’s been in the money there for years. Now, let’s see what he does with it. Oh BTW, he merits it, yes, and he had the refreshing honesty to say, non-arrogantly, that he knew what his relative standing was in the field prior to this, so congrats ‘n’ all that.

By: Anonymous

Anonymous — Mon, 13 Oct 2008 23:36:00 +0000

@bena gyerek

That was the first time he admitted to it. Go read his previous posts on the housing rescue bills. He was calling for stabilizing housing so people don't lose their retirement.

He is simply dishonest and undeserving.

By: Anonymous

Anonymous — Mon, 13 Oct 2008 22:40:00 +0000

Poor, poor janak. Perhaps you should stick to Free Republic.

weinerdog43

By: Janak

Janak — Mon, 13 Oct 2008 20:48:00 +0000

I was “moderated” out of posting comments on the NYT report announcing the award. I am pretty sure I was among the first ones to read and comment on the report on NYT site, but I wrote something not very flattering to Krugman and the Nobel committee for awarding the prize to him (polite, of course) – I guess NYT ain’t as “liberal” as some might think. Its more like the Xinhua of USA (or is that USSA?).

By: Anonymous

Anonymous — Mon, 13 Oct 2008 19:53:00 +0000

Nouriel Roubini should get the prize only after it is awarded to Elaine Garzarelli

By: cansarnoso

cansarnoso — Mon, 13 Oct 2008 19:44:00 +0000

juan
not quite,k's forte in international trade is in inter-industry trade

as for central bankers doing the right thing for the wrong reason (or at least citing a reason that differs from their true motive)
if it was for international trade
they can't dig up bela balassa
but max corden is still around for his half slice

also, see how the mainstream academia screwed up their forecasts (courtesy mankiw's blog) yet again:

Barro 16.2%
Hansen 12.2%
Sargent 6.8%
Fama 6.8%
Hart 5.4%
Diamond 4.1%
Feldstein 4.1%
Sims 4.1%
Thaler 4.1%

Hansen-Sargent-Sims trifecta 23.1% (if additive)

By: RangerTurtle

RangerTurtle — Mon, 13 Oct 2008 19:21:00 +0000

Congratulations to Dr. Krugman!

Maybe President Obama will pick him for Secretary of the Treasury, or at least, panel of Economic Advisors!

By: Juan

Juan — Mon, 13 Oct 2008 19:18:00 +0000

Good for Krugman but if I’m not mistaken, his trade theories remain centered by the old nation-state unit of analysis rather than taking sufficient account of a well developed trans (not inter) national mode of organization of production and distribution which has come to dominate trade, thereby transforming it into mere transfer.

So far as ‘metropolitan populations’ and ‘higher real wage’, he may want to read Mike Davis’ well researched book “Planet of Slums”.