To those who are convinced this is simply anti-Bush, I remind that two years ago the prize went to Kydland and Prescott, whose views are very different from Krugman's on macroeconomics, and who are definitely Republicans, if not former members of the Bush administration. Prescott followed his award by writing a column in the Wall Street Journal effectively praising Bush's fiscal policies and calling for supply side tax cuts. So, this argument is a pile of manure, although I am certain there are plenty of people around the world who will be cheering the political aspect of appearing to kick the very unpopular George Bush as he goes out the door, even as you folks are upset by this appearance.Read Rosser's entire comment - around #60, I think. He also notes the Dixit oversight.
Anyway, if they are political, they try to keep a balance. Plenty of strongly pro-free market people have gotten the prize, and the University of Chicago remains Number One as the university with economics Nobel recipients.
Monday, October 13, 2008
Was Krugman's Win Political? No, says Rosser.
From Barklay Rosser:
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