Tag: paul krugman (last 300)
Making banking boring again
(NYT) Krugman: The most notable banking Cassandra was Raghuram Rajan of U Chicago, former IMF chief economist, who argued the growth of finance risked a ‘catastrophic meltdown.’ Larry Summers ridiculed him.
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Reddit thisJindal versus the volcano
(NYT) Krugman: Natural disaster monitoring is a classic public good. So what did Bobby Jindal choose to ridicule? Volcano monitoring. Basically, the political philosophy of the GOP is snickering at stuff that they think sounds funny.
Citi bailout worst of all worlds
(NYT) Krugman: The Citi bailout is an outrage — a lousy deal for the taxpayers, no accountability and quite possibly inadequate, so Citi will be back for more. [$20B invested at $20B market cap at far above market price.]
Why English food was so bad
(MIT) Krugman: During the industrial revolution, millions of Britons moved off the land, away from fresh food, when supply chains were primitive. They got used to canned food and root veggies. [Asian immigrants rescued British cuisine?]
Dixit vs. Krugman
(MR) Who are the big losers after Krugman’s Nobel? Avinash Dixit, among others, has to feel his chances for the prize went down significantly.
Give Bhagwati a Nobel
(Guardian) Aside from Krugman, Avinash Dixit and Jagdish Bhagwati did much of the heavy lifting to establish modern international trade theory, Bhagwati is more widely cited; they should both get Nobels.