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Future shock
Several liberal blogs are chortling over this statement I made early in the year: Will the economy decline in 2008? Paul Krugman is voting for doom . It's worth keeping in mind, however, that Paul Krugman has predicted eight of the last none recessions under the Bush administration. I think ...
Krugman Helped Us Understand Trade
Krugman Helped Us Understand Trade
online.wsj.com — The Royal Swedish Academy of Sciences announced yesterday that the 2008 winner of the Nobel Prize in Economic Sciences is Paul Krugman. A professor at Princeton University, Mr. Krugman is known to the American public mainly for his column in the New ... (more) Krugman Helped Us Understand Trade
Exploding Heads Deathmatch: There Can Be Only One
crookedtimber.org — Many thanks to the CT readers who’ve come up with examples of wingnuts’ heads exploding as a result of Paul Krugman’s Nobel prize. Now, it’s decision time. I’ve narrowed the field down to the five most impressive ... (more) Exploding Heads Deathmatch: There Can Be Only One
Crooked Timber Is Having a Contest!
delong.typepad.com — Henry Farrell writes: The Name of This Band is Exploding Heads : As Kieran notes in comments below, the comments thread to Tyler Cowen’s (perfectly reasonable) Krugman post is pretty hilarious. But given Krugman’s place of pride in ... (more) Crooked Timber Is Having a Contest!
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Predictions Are Hard, Especially About the Future
Matthew Yglesias — ... One thing I never get about trying to score the quality of various prognosticators’ economic predictions is that future macroeconomic trends are not independent of people’s opinions about future macroeconomic trends. If Alan Greenspan had spent 1999-2001 worried something other than what he was worried about, he presumably would have done different things with the interest rates, in which case different things would have happened. ...

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