Re:The Capitalist Manifesto: Greed Is Good (To a point)
by anamax on Sunday June 14, 2009 @01:10PM
(#657281)
> Basically, you have to separate his work as an economist from his politics or make a general distinction between quantitative and literary economics.
And we think that the Nobel folks made that separation and didn't do it to "kick Bush in the leg" (to quote a committee member's comment in a previous year about a given award)....
> I respect Krugman's intuitions even if his predictions are often wrong. It's hard to predict the future, even for a noted economist.
The point of science is to predict the future....
http://www.economics.ox.ac.uk/Research/wp/pdf/paper423.pdf
Basically, you have to separate his work as an economist from his politics or make a general distinction between quantitative and literary economics. Quantitative economics involves functions and calculus. Literary economics involves English words. I respect Krugman's intuitions even if his predictions are often wrong. It's hard to predict the future, even for a noted economist.