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Krugman wins the Economics Nobel

Here’s the citation.

Written by Kieran

October 13, 2008 at 1:14 pm

Posted in economics

7 Responses

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  1. Krugman will be a favorite pick among many sociologists, not only because of his politics but also because people in our field have actually read Krugman. I’m interested though in the reaction by economists. My bet is that many will see this as a political pick rather than as a commendation for his research contributions. And that’s really unfortunate.

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    brayden

    October 13, 2008 at 2:23 pm

  2. I’m interested though in the reaction by economists. My bet is that many will see this as a political pick rather than as a commendation for his research contributions

    Nah. Economic camp-followers and assorted think-tankers, hacks and blog-commenters may do this, but the academic end of the field as a whole won’t, at least no more than usual — the prize is too important to them, collectively, to spend their time undermining its legitimacy.

    There was a time, by the way, when Krugman was the chief professional critic of the BS economics of the Clintonian Internationalists.

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    Kieran

    October 13, 2008 at 2:32 pm

  3. Right, his first columns on Slate were critical of Clinton’s economic policies. But people have short memories.

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    brayden

    October 13, 2008 at 2:34 pm

  4. Brayden: Actually, my sense is that economists will view the pick as a good one because the work cited is highly regarded within the field. Also, my informal observation is that economists view Krugman as a jekyll and hyde person – there’s “New York Time Krugman” and “economist Krugman.”

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    Fabio

    October 13, 2008 at 4:34 pm

  5. I had an op-ed in the Chicago Tribune before the announcement that Orgtheory.net folks might be interested in:

    http://www.chicagotribune.com/news/nationworld/chi-oped1009nobeloct09,0,2033061.story

    Krugman winning is not a bad step. And some people who’ve read the op-ed have commented that I should be happy about it. I am to a degree; I think Krugman has been terrific in his popular writing about the economy over the last 5 years. But he’s still an economist’s economist beneath it all. It just makes no sense to me that this award does not reward excellence in Social Science thought more broadly.

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    Sean Safford

    October 20, 2008 at 2:59 pm

  6. Sean: Nice op-ed; thanks for the link.

    Your point is good. There are a few folks, however, who aren’t necessarily ‘economist’s economists’ (rather, social scientists more broadly), who also have received the prize: Thomas Schelling and Herbert Simon (perhaps Hayek also fits).

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    tf

    October 20, 2008 at 3:14 pm

  7. […] a comment » Last week, Kieran posted on Krugman’s recent award. In the comments, Sean Safford directs us towards a Chicago Tribune op-ed he wrote, where he asks […]

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