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Paul Krugman wins Nobel Prize in Economics

  1. Oct 13, 2008 #1

    lisab

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    I've always enjoyed reading Krugman's columns, but I wasn't aware he did work at this level.

    http://www.msnbc.msn.com/id/27159654/
     
  2. jcsd
  3. Oct 13, 2008 #2

    Gokul43201

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    Neither was I - I was pretty surprised when I read the news.

    Here's the award page: http://nobelprize.org/nobel_prizes/economics/laureates/2008/

    And an interesting quote from back in 2005:
    http://www.nytimes.com/2005/08/29/opinion/29krugman.html?_r=1&oref=slogin
     
  4. Oct 13, 2008 #3

    Moonbear

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    Wow, I didn't know that either.

    I think anyone with half a brain and a lick of common sense would have said the same thing then.
     
  5. Oct 13, 2008 #4
    The BEST Krugman moment came when he was talking with Keith Olbermann on his show and said "All your decision are belong to me." when referring to the first $700B bailout plan that had Paulson make all the moves.

    I was in tears. It was the best moment of Countdown ever, and it was sadly lost to the abyss because I couldn't figure out how to rip it from www.msnbc.com onto Youtube.

    For those who don't understand, Google "All your base are belong to us." It's an obvious variation on this ancient meme. That man is awesome to say that on mainstream TV as a professor.
     
  6. Oct 13, 2008 #5

    Ivan Seeking

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    "The Chinese sell us poison toys and tainted food, and we sell them toxic securities"
    - Paul Krugman
     
  7. Oct 13, 2008 #6

    Astronuc

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    I was thinking about this the other day while reflecting on someone else who should win a Nobel for his humanitarian work.

    I am pleased to see Krugman get! He deserves it, it is timely, and he should be taken more seriously. Krugman is a strong critic of the Bush administration and it's unsound economic policies.

    Announcment on Yahoo - Columnist Paul Krugman wins Nobel economics prize (should read Economist and Columnist)
    http://news.yahoo.com/s/ap/20081013/ap_on_bi_ge/eu_sweden_nobel_economics
    Krugman's blog on NYTimes - http://krugman.blogs.nytimes.com/

    Attaboy, Paul!
     
    Last edited: Oct 13, 2008
  8. Oct 13, 2008 #7

    Ivan Seeking

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    Yep.
     
  9. Oct 13, 2008 #8
    Is this the Olbermann Krugman interview ??? It strarts out typical Olberman then Krugman comes in.

     
    Last edited by a moderator: Sep 25, 2014
  10. Oct 13, 2008 #9

    turbo

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    Krugman would make a fantastic economic advisor, as the next president tries to undo all the damage done by Gramm, McCain, Greenspan, et al. We need someone sharp enough to re-regulate our financial sectors without being so heavy-handed and arbitrary that more damage ensues. We also need someone who will blithely ignore the pleas for special consideration by the people who have benefited from the shell-games leading to the current mess. Chairman of the SEC, perhaps?
     
  11. Oct 13, 2008 #10

    Astronuc

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    The Prize in Economic Sciences 2008
    http://nobelprize.org/nobel_prizes/economics/laureates/2008/info.pdf
    The significance of Krugman's work. Hopefully the Obama administration will pay attention, unlike his predecessors.
    Scientific background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008

    Trade and Geography – Economies of Scale, Differentiated Products and Transport CostsCompiled by the Prize Committee of the Royal Swedish Academy of Sciences

    http://nobelprize.org/nobel_prizes/economics/laureates/2008/ecoadv08.pdf

    The document cites a number of papers by Krugman and others. Hopefully the world governments will learn.
     
  12. Oct 14, 2008 #11

    Ivan Seeking

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    How SciFi helped to produce a Nobel Prize in Economics:

    http://www.pbs.org/newshour/bb/business/july-dec08/nobelkrugman_10-13.html
     
  13. Oct 15, 2008 #12

    Astronuc

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    This is pretty funny. :biggrin:

    Those Hard-Boiled Eggheads by Maureen Dowd
    http://www.nytimes.com/2008/10/15/opinion/15dowd.html
     
  14. Oct 16, 2008 #13

    mheslep

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    Why don't we leave that assessment to Economists that evaluated his body of work.
     
    Last edited: Oct 16, 2008
  15. Oct 16, 2008 #14

    mheslep

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  16. Oct 16, 2008 #15

    Ivan Seeking

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    I would guess that you just forgot to write a paper.
     
  17. Oct 16, 2008 #16

    mheslep

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    Oh yes the paper. Dam. Points off if its late I suppose.
     
    Last edited: Oct 16, 2008
  18. Oct 17, 2008 #17

    mheslep

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    Mad man Krugman's column today:
    Pass that pipe Paul.
     
  19. Oct 17, 2008 #18

    Ivan Seeking

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    And your credentials would be...?
     
  20. Oct 17, 2008 #19

    Ivan Seeking

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  21. Oct 17, 2008 #20

    Art

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    Are you suggesting the gov't should cut overall spending during a recession? Do you really think that will help lift the economy? Better target the spending by all means, but reducing the deficit at the expense of domestic growth seems a little recessionary to me. As an individual do you think it would be good practice for you to only borrow money when you already have a lot and only pay it off when you are broke??

    The US should never have run up it's deficit during the good times but to cut spending now to reduce the deficit during a recession simply compounds the error.
     
    Last edited: Oct 17, 2008
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