I feel sorry for Paul Krugman....
because his well deserved Nobel Prize is always going to be tainted by the idea that the Scando committee wanted to send an anti-Bush message. Just look at this article on Yahoo news:
"Bush critic wins 2008 Nobel for economics""STOCKHOLM (Reuters) - , a fierce critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday."
While I think that Krugger has the right opinion about Bush but for all the wrong reasons, he (Krugman) is/was an excellent trade theorist and is, in my opinion, above the median quality level of all the Econ Nobelists. It's too bad that his receipt of the prize at this point in time will put focus on his political views rather than his economics skills which are/were mad!
Labels: homo economicus