It is true that the economic Nobel for Paul Krugman is a pleasant surprise because a common newspaper reader can claim to know who he is, which is not always the case with those who win the Nobel. But The Wall Street Journal carried a piece by a fellow-economist, David Henderson, in which he pointed out that Kurgman's views in his columns are highly partisan. That is a fair enough criticism. But he acknowledges that his work which won him the Nobel was original.
It is interesting to note that it was Ben Barnanke, the Fed Reservce chairman who was in Princeton University, who recruited Krugman to the university. The other curious fact about Krugman is that he served with David Henderson president ronald Reagan's council of economic advisors.
The WSJ carried a report on Krugman winning the Nobel by Justin Lahart, who quotes his embarrassment of being part of the Reagan administration: "It was, in a way, strange for me to be part of the Reagan administration. I was then and still am an unabashed defender of the welfare state, which I regard as the most decent social arrangement yet devised."
But his work on patterns of international trade and economic geography do not have much bearing on his preference for a welfare state.
Tuesday, October 14, 2008
Economics Nobel for Paul Krugman is not for views expressed in his New York Times column
Critics misread Alankrita Shrivastava's "Lipstick Under My Burkha" . It is not about feminism's liberation theology
I was reminded of Paul Haggis' 2004 film, "Crash" when I watched Alankrita Shrivastava's "Lipstick Under My Burkha&qu...
There is plenty to crib about Ashutosh Gowariker-directed Hrithik-Roshan-Pooja Hegde starrer Mohenjo-Daro with uninspiring music by the ove...
Udta Punjab, bad film because it is message-oriented, it is incoherent and loud, and the roles of Shahid Kapoor and Alia Bhatt were superfluousAbhishek Chaubey, the director of Udta Punjab , is part of the new school of film directors from Uttar Pradesh, which includes Tigmanshu Dh...
Eye in the Sky: A war movie with a difference which deals with the dilemmas of killing the enemy and saving the innocentsThis is a British production with a South African director, a top notch British actress Helen Mirren and a top notch British actor Alan Rick...