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Columnist Paul Krugman wins Nobel economics prize (You Have To Be Kidding Me?!?)
AP ^ | 10-13-2008 | KARL RITTER and MATT MOORE

Posted on 10/13/2008 9:23:02 AM PDT by My Favorite Headache

Columnist Paul Krugman wins Nobel economics prize

STOCKHOLM, Sweden - Paul Krugman, the Princeton University scholar and New York Times columnist, won the Nobel prize in economics Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.

Krugman has been a harsh critic of the Bush administration and the Republican Party in The New York Times, where he writes a regular column and has a blog called "Conscience of a Liberal."

He has come out forcefully against John McCain during the economic meltdown, saying the Republican candidate is "more frightening now than he was a few weeks ago" and earlier that the GOP has become "the party of stupid."

"Krugman is not only a scientist but also an opinion maker," economics prize committee member Tore Ellingsen said. He added that Krugman's analyses tend to back free trade and his research gives no "support for protectionism."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Front Page News; News/Current Events; Politics/Elections
KEYWORDS: krugman; nobelprize; paulkrugman
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This man is a total hack..one of the worst of the worst. The Nobel Prize continues to be the biggest joke. Gore, Krugman, Arafat. Give me a break.
1 posted on 10/13/2008 9:23:03 AM PDT by My Favorite Headache
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To: My Favorite Headache

Proving once for all (as if there had been any doubt) that winners of the Nobel Economics Prize are smoking weed with Willie on a continuing basis.


2 posted on 10/13/2008 9:52:03 AM PDT by SAJ
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To: My Favorite Headache

Did Stalin or Hitler ever get a Nobel Prize, or am I thinking merely of Time Magazine’s “Man of the Year” award?


3 posted on 10/13/2008 9:59:25 AM PDT by PLMerite ("Unarmed, one can only flee from Evil. But Evil isn't overcome by fleeing from it." Jeff Cooper)
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To: My Favorite Headache

I never even realized that the Economic world even took him seriously. Just goes to show how far Bush hatred gets you.


4 posted on 10/13/2008 10:01:37 AM PDT by JrsyJack
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To: My Favorite Headache
Obviously, there were no smart economists on the list this year. So... they chose a Democratic Party hack instead. The Left is in hyper mode this election.
5 posted on 10/13/2008 10:02:27 AM PDT by April Lexington (I'm voting for McCain in 2008 and Jefferson Davis in 2012)
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To: JrsyJack

The economics community has barely heard of this guy. He’s a lefty journalist!


6 posted on 10/13/2008 10:03:27 AM PDT by April Lexington (I'm voting for McCain in 2008 and Jefferson Davis in 2012)
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To: My Favorite Headache

He hates Bush.

That is enough.


7 posted on 10/13/2008 10:05:29 AM PDT by Leisler (Each generation, selling the next into more slavery)
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To: My Favorite Headache
This is like giving a sports journalist the Heisman.

I guess if the sport's journalist hated Bush enough, he'd deserve it.

8 posted on 10/13/2008 10:05:48 AM PDT by dead (I've got my eye out for Mullah Omar.)
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To: My Favorite Headache

They missed giving the prize to Karl Marx, so they’re making it up with Krugman.


9 posted on 10/13/2008 10:07:01 AM PDT by devere
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To: My Favorite Headache

Al Gore received one last year too, which pretty much tells you that the Nobel bar has been lowered to Lilliputian levels. Political correctness long ago replaced scholarship and innovation as the intellectual gold standard.


10 posted on 10/13/2008 10:07:15 AM PDT by andy58-in-nh (Somewhere in Illinois, a community is missing its organizer.)
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To: My Favorite Headache

Every year it must get more difficult for them to top the previous year for shocking and outrageous stupidity.


11 posted on 10/13/2008 10:14:02 AM PDT by faq
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To: My Favorite Headache

Whatever tiny sliver of credibility and prestige the Nobel Prize still had left
has just been utterly and completely destroyed forever. Paul Krugman, a
demonstrably dishonest bug-eyed fool, won the Economics prize.

What a bunch of dumbasses. The elites have a bunch of sweet tasting but bad for you cottoncandy swirling around in their brains, and they call it deep thinking.


12 posted on 10/13/2008 10:16:09 AM PDT by beckett (Amor Fati)
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To: dead
This is like giving a sports journalist the Heisman.

hah! Exactly.

I heard this news item on the radio just a few minutes before seeing this post. I have to say that I laughed out loud. It vividly displays the intellectual void that is the Nobel committee these days.

13 posted on 10/13/2008 10:19:46 AM PDT by Ramius (Personally, I give us... one chance in three. More tea?)
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To: My Favorite Headache
The Peace Price became meaningless after they awarded it to Arafat.

Clearly the dementia suffered by the Nobel Peace Prize committee members has spread to other areas of the organization.

14 posted on 10/13/2008 10:20:37 AM PDT by George Smiley (Palin is the real deal.)
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To: My Favorite Headache

Hate to rain on the mirth, but Paul Krugman as an economist is an excellent economist. The problem is that he sold his soul to be a journalist for the NY Times. As a editorialist, he is a hack. As an economist, however, he is first rate.


15 posted on 10/13/2008 10:25:08 AM PDT by AndyJackson
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To: AndyJackson
As an economist, however, he is first rate.

Nonsense. His most idiotic screeds are related to how the birth of George W. Bush has resulted in a massive depression. If there is a bit of economic sense left in that carcass, the fanatical, Bush hating, emotion driven part keeps it well under wraps. Check out his take on the current troubles. All Bush and lack or regulation. Moronic ranting of a seventh grader, not a first rate economist.

16 posted on 10/13/2008 10:34:27 AM PDT by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: Minn
Nonsense.

No, pay attention to his actual economic work, not his columns. As an economist he is first rate. His work on international trade, for which he won the award, is very influentially in the field of international economics.

His political columns are not the same level, but that is irrelevant.

17 posted on 10/13/2008 10:37:39 AM PDT by scarface367
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To: My Favorite Headache

The “Nobleft Prize”.


18 posted on 10/13/2008 10:39:27 AM PDT by headstamp 2 (Been here before)
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To: Minn
Nonsense. His most idiotic screeds are related to how the birth of George W. Bush has resulted in a massive depression

You are going on his newspaper columns, which are idiotic enough. The Nobel Prize Committee evaluates what he has published in peer reviewed journals, which is very different. If you want to accuse Krugman of being schizophrenic, fine. Paul Krugman the populist columnist may be a nut case. Paul Krugman the professional economist is first rate, however.

19 posted on 10/13/2008 10:44:15 AM PDT by AndyJackson
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To: My Favorite Headache

What a joke!!

The Nobel in Economics joins the peace and literature prizes as the most corrupt and politicized awards!!!

What a shame! - Where does one get recognition for pure excellence nowdays?


20 posted on 10/13/2008 10:49:59 AM PDT by aquila48
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To: My Favorite Headache

The Nobel Prize makes a good door stop......


21 posted on 10/13/2008 10:53:48 AM PDT by AngelesCrestHighway
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To: My Favorite Headache

Nobel Prizes are awards made by the left fot the left....They are totally irrelevant!


22 posted on 10/13/2008 10:56:39 AM PDT by AngelesCrestHighway
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To: My Favorite Headache

Poor Alfred is clawing at the inside of his coffin.


23 posted on 10/13/2008 11:21:25 AM PDT by facedown (Armed in the Heartland)
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To: My Favorite Headache
...and has a blog called "Conscience of a Liberal."

Interestingly, it's nothing but a bunch of blank web pages.

24 posted on 10/13/2008 11:25:57 AM PDT by Future Snake Eater (My freq'n head hertz...)
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To: AndyJackson
As a editorialist, he is a hack. As an economist, however, he is first rate

So in which venue does he abandon his principles? His NYT columns are not worthy of such high regard in the academic community. He has to be shoveling it with both hands somewhere. Or is it that he is dumbing down to sell newspapers, trying to anyway.

25 posted on 10/13/2008 12:47:05 PM PDT by JrsyJack
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To: My Favorite Headache

These global lefties have lost their friggin minds.

I’m serious.

This is like the part of the Bible that says the truth has fallen in the public square, everything is corrupt.

It’s no wonder out world is melting down.


26 posted on 10/13/2008 1:45:59 PM PDT by Finalapproach29er (Democrats still want to get Pres. Bush and/or VP Cheney; there might be show trials in Feb09)
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Paul Krugman Wins Nobel Prize in Economics
EconomicPolicyJournal.com
Posted on 10/13/2008 4:38:28 AM PDT by Kozman
http://www.freerepublic.com/focus/news/2104345/posts


27 posted on 10/13/2008 2:44:40 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/_______Profile finally updated Saturday, October 11, 2008 !!!)
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To: scarface367

His great crime-—and it is a great one-—is damaging the integrity of the scientist with hateful political opinionizing. Traditionally, scientific opinion was respected because of limits on the opinionating of the scientist and the scientist’s wisdom not to venture into realms outside his professional area of study to editorialize and divorce himself from objectivity. Krugman wallows in public opinions that are not grounded in sound economic theory or evidence. It is emotion—not the currency of a good scientist. All scientist’s motives are made less respected when such an individual is held up as the greatest of scientists. His scientific legacy will be colored by such activities.


28 posted on 10/13/2008 3:18:04 PM PDT by iacovatx (If tyou must lie to recruit to your cause, you are fighting for the wrong side.)
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To: All

Everybody being familiar with his academic works and career can’t question this decision. We need such longsighted economic analysts on our side!!!


29 posted on 10/13/2008 3:34:13 PM PDT by sciencefreeper
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To: All

He is not rewarded for his contribution to the slimes but his scientific work on economics! Please keep that in mind!


30 posted on 10/13/2008 3:38:23 PM PDT by sciencefreeper
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To: AndyJackson

Krugman - Economics
Chomsky - Linguistics

Both are out of their minds when it comes to politics.


31 posted on 10/13/2008 3:43:11 PM PDT by NewHampshireDuo (Earth - Taking care of itself since 4.6 billion BC)
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To: iacovatx

But yet none of that was why he was awarded the Nobel. Back to the issue at hand, his work on international trade. That work is well done and deserving of the award.


32 posted on 10/13/2008 3:48:59 PM PDT by scarface367
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To: My Favorite Headache

One thing I have to say is leftists stick together. They only hire other leftists, they give only other leftists money, and only award prizes to other leftists.

Conservatives should take a lesson from them. Just look at how they only hire leftists in academia. I recommend watching all 10 parts and then buying the DVD.

http://www.youtube.com/watch?v=wJuQQcXKLWM

JoMa


33 posted on 10/13/2008 3:57:25 PM PDT by joma89
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To: April Lexington; My Favorite Headache; Minn
The economics community has barely heard of this guy. He’s a lefty journalist!

Yeah, he is a terrible wannabe jorunalist and a lefty political hack ...

HOWEVER, before his time on the editorial pages of the NYT he held a well earned, well deserved reputation as a quite brilliant economist, his serious, academic economic writing and quantatitive analysis on international exchange rate mechanism and emerging market economic growth pattern are first rate.

People have been expecting he will one day win the Nobel for economics since his days as a member of President Reagan's Council of Economic Advisers (yup, really) and as a professor at MIT in the 80's.

34 posted on 10/13/2008 4:12:15 PM PDT by Republican Party Reptile
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To: Republican Party Reptile
I've read his stuff. Its a big “So what.” Given the exchange markets of late, I'd say he missed a few material points. Nothing he did matters.
35 posted on 10/13/2008 5:23:46 PM PDT by April Lexington (I'm voting for McCain in 2008 and Jefferson Davis in 2012)
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To: April Lexington
To all

I don't read the economic academic literature but does Krugman actually publish anything other then political rants? Does he have an academic publishing record?
Am I to believe his contributions to the field are on par with James Buchanon, Hayek, Nash to name a few?
A there been any other political commentators to get the prize in it's history?

36 posted on 10/13/2008 5:29:40 PM PDT by Reily ( .)
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To: SAJ

More like crack cocaine.


37 posted on 10/13/2008 5:34:14 PM PDT by cruise_missile (''Edward - Jones:High commissions for lousy investment advice! Making cents out of $.)
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To: Reily
“A there been any other political commentators to get the prize in it's history?”

No. This is like Al Gore getting the Nobel prize. Its all political now. They just keep hyping and lauding each other. Every professor of economics publishes papers. That's how you get the be a life-tenured Lefty. His stuff is middling at best.

38 posted on 10/13/2008 5:34:39 PM PDT by April Lexington (I'm voting for McCain in 2008 and Jefferson Davis in 2012)
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To: My Favorite Headache

The Nobel Prize has become a Marxist circle jerk.


39 posted on 10/13/2008 5:35:44 PM PDT by MNSlim
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To: My Favorite Headache
Krugman has been a harsh critic of the Bush administration and the Republican Party in The New York Times

There is the number one prerequisite right there!

The nobel prize is just for libs who are too ugly to be movie stars and can not sing
40 posted on 10/13/2008 5:37:22 PM PDT by TheRedSoxWinThePennant
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To: scarface367

“His work on international trade, for which he won the award, is very influentially in the field of international economics.”

Obviously, nobody has read his stuff because the international markets haven’t been doing too well lately.


41 posted on 10/13/2008 5:37:40 PM PDT by April Lexington (I'm voting for McCain in 2008 and Jefferson Davis in 2012)
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To: April Lexington

I think Gore got the Peace prize which is actually handed out by a Norwegian committee. It ha always been “political”.


42 posted on 10/13/2008 5:46:33 PM PDT by Reily ( .)
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To: My Favorite Headache

We’ve known for eons this thing is a joke. So, let’s not worry about it.

We need to start one for conservatives!


43 posted on 10/13/2008 5:47:10 PM PDT by LadyPilgrim ((Lifted up was He to die; It is finished was His cry; Hallelujah what a Savior!!!!!! ))
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To: cruise_missile
Probably true.

But not as poetic.

;^)

44 posted on 10/13/2008 6:15:56 PM PDT by SAJ
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To: AndyJackson
If Krugboy is an ''excellent economist'', I'm the bloody Pope.

I've read most of his assorted treatises, including the one the Nobel committee alleges is 'prizeworthy'. They are uniformly quasi-Marxist, and Krugboy is virtually the ultimate 'economist' advocate of state intervention in EVERY area of a nation's economy.

Who ya kiddin', Andy? Certainly not me, m'friend.

45 posted on 10/13/2008 6:19:55 PM PDT by SAJ
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To: My Favorite Headache

Looks like Nobel Prizes come in Cracker Jack boxes now.


46 posted on 10/13/2008 6:20:21 PM PDT by Skooz (Gabba Gabba we accept you we accept you one of us Gabba Gabba we accept you we accept you one of us)
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To: Reily

Norway hands out the laughable ‘’Peace’’ prize. The other Nobels are all — if I’m not mistaken — handed out by the Swedish committee.


47 posted on 10/13/2008 6:21:58 PM PDT by SAJ
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To: SAJ
Yes that's what I remember.
The only real “political” prize is the Peace prize.
The Swedish sourced prizes have legitimacy, at least until now.
48 posted on 10/13/2008 6:26:46 PM PDT by Reily ( .)
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To: SAJ
The Nobel Prize Committee explains Krugman's contributions in Trade and Geography – Economies of Scale, Differentiated Products and Transport Costs

Since the explanation all has to do with the phenomenon of the effect of increasing returns to scale on trade, I am not sure what you think is Marxist about it.

49 posted on 10/13/2008 6:29:15 PM PDT by AndyJackson
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To: My Favorite Headache

“Gore, Krugman, Arafat...”

don’t forget Jimmy Carter


50 posted on 10/13/2008 6:35:04 PM PDT by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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