Conservatives am cry thread, Monday edition: Krugman wins nobel prize

[Human Snorenado]

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6hJj1.ALVJE&refer=home

Oct. 13 (Bloomberg) -- Princeton University professor and New York Times columnist Paul Krugman won the Nobel Prize in economics for his work on trade theory.

Krugman, 55, received the prize ``for his analysis of trade patterns and location of economic activity,'' said the Royal Swedish Academy of Sciences, which selects the winners. His work explained how economies of scale influence trade and urbanization.

``It's a total surprise,'' Krugman said in a telephone interview.

The Nobel laureate gained his reputation in economics by contributing to strategic trade theory, contending that countries could steal a march on other nations by subsidizing strategic industries. He has found broader fame with his newspaper columns that regularly attack President George W. Bush's policies.

A self-proclaimed liberal, Krugman has regularly taken Bush to task in his columns for the New York Times, slamming the president personally for everything from the war in Iraq to his big tax cuts.

``Mr. Bush has degraded our government and undermined the rule of law,'' Krugman wrote in a column on May 18, 2007. ``He has led us into strategic disaster and moral squalor.''

HAW HAW HAW REPUBLICAN ECONOMICS AM FAIL

[Tabasco]

i seem to remember he insulted obama    how can you win a nobel prize if you are so foolish as to ever question His Greatness?

[Human Snorenado]

i seem to remember he insulted obama    how can you win a nobel prize if you are so foolish as to ever question His Greatness?

It wasn't criticism so much as not being sold on Obama.  I don't even really like Krugman so much but this is awesome because it's going to make Freepers and the denizens of The Corner freak the hell out.

Bonus footage:

[youtube=425,350]MUOFTPbxuWA[/youtube]



WHO'S LAUGHING NOW, BILL?

[Kestastrophe]

Krugman's analyses tend to back free trade and his research gives no "support for protectionism."

I don't get you guys sometimes

[Snuflupagulus]

Holy shit!  He finally got it!

Return of Depression Economics should be required reading in any upper-level macro class, not just because of the current end times.

Krugman

[Phoenix Dark]

The year I read my first Krugman article is the year he wins the Nobel prize. Not a coincidence

[Madrun Badrun]

is youtube not working for anyone else?

[Human Snorenado]

is youtube not working for anyone else?

It's working for me.

[Flannel Boy]

[youtube=425,350]MUOFTPbxuWA[/youtube]



WHO'S LAUGHING NOW, BILL?

"Mr. Krugman lives in a world of his own, he embraces propaganda of the worst kind, and that’s why I have little regard for his professional analysis." 

[recursivelyenumerable]

they wrote off the Nobels long ago, not to mention that the econ award isn't even a real Nobel.  I like Krugman though (as a pop writer, obviously dunno about the research that he presumably won it for)