Well, this is brave

Brave in the Yes Minister sense:

I’m not the world’s biggest fan of Paul Krugman – an economist so neo-Keynesian that the blame for so much that has gone wrong in the economy is easy to attach to his thinking

Quite possibly the brightest and best economist of his generation just isn’t up to it says the Tre Professore.

13 thoughts on “Well, this is brave”

  1. Have you read much Krugman lately? For the last 4 years he has been writing drivel eg excoriating Trump’s tariffs while insisting that the UK should stay within the EU tariff wall. He is a partisan nutcase

  2. brightest and best economist – With my opinion of “the dismal science” being what it is, I’d reckon that’s akin to being “the tallest of the seven dwarfs”.

  3. I wonder what opinion Paul Krugman holds about our poundshop Prof and does a well-thumbed Courageous State have a prominent place on Krugman’s bookshelf?

  4. Spud likes to think that he’s the equal of Krugman. Spud imagines that the world waits with baited breath for his latest pronouncement and that the award of a Nobel prize is just around the corner. In reality, 99% of the world’s real economists have never heard of him and the closest he’s going to get to a golden gong around his neck is the chocolate money he gets in his Christmas stocking.

  5. Dennis, He Who Has A Degree In Economics

    Krugman’s achievements as an economist have been dwarfed by the damage he has done to the field via his relentless and intellectually dishonest partisanship. Economists and economics are viewed – and rightfully so – with varying degrees of skepticism by the general public (and the business classes, for that matter). Krugman’s antics can do nothing but reinforce and enhance that skepticism. Nobody but economists read (and understand) his best and most meaningful work. What the public gets is his worst and most dishonest work. Therein lies the problem.

  6. Dennis, Etc., Etc., Etc.

    It’s worth noting that in terms of intellectual dishonesty, unthinking partisanship and preening egomania, Paul Krugman and Richard Murphy could be brothers.

  7. @Dennis

    Timmy has done the trick before of quoting from Krugman’s University-level textbooks versus his NYT columns on the same contested subject. It’s bizarre how someone can be able to recognise nuance and present multiple perspectives with one pen (or on one keyboard I suppose) then claim that everyone who disagrees with him is a fringe nutter, probably with evil motives, when he writes with the other. But the readership of the two skews heavily to the latter.

  8. Dennis, Understated As Always

    It’s bizarre how someone can be able to recognise nuance and present multiple perspectives with one pen (or on one keyboard I suppose) then claim that everyone who disagrees with him is a fringe nutter, probably with evil motives, when he writes with the other.

    The more you examine Paul Krugman’s life and career, the more obvious it becomes that he’s a damaged man. Why, I don’t know. But his all consuming need for adoration and his equally compulsive need to denigrate anyone who disagrees (or more to the point, competes) with him is truly pathological. The fact that he steadfastly refuses to accept government and industry positions where he could work to solve the problems he shouts about also grates.

    He’s the kind of guy who’d watch you roof your house, criticize you for the work you did, and then, when you asked why he didn’t offer to help, would then confess he’s never roofed a house… just read about it. Fuck that. He’s a glorified soapbox orator.

  9. I would agree with all the valid criticisms of Krugman, whose NYT columns in particular are fairly anodyne, easily refutable bollocks but lest we forget we are dealing with Richard Murphy. The man is the dictionary definition of stupidity, over – weening self regard and an almost unsatirisable lack of self- awareness. He’d not pass intellectual comparison with a COVID ‘19 particle, let alone any economics journalist in the mainstream.

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