Posted by guest , Oct 13, 2008 12:29PM

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008
"for his analysis of trade patterns and location of economic activity"
Paul Krugman
Copyright © Princeton University
Paul Krugman
USA
Princeton University
Princeton, NJ, USA
b. 1953

Posted by guest , Oct 13, 2008 12:31PM

100% political.

Posted by guest , Oct 13, 2008 12:31PM

This is total bullshit. Cramer should have won.

Posted by guest , Oct 13, 2008 12:34PM

Economist, ECOMOMIST?????

I thought he was a freakin' political columnist.

Seriously, what would you expect from a far left org like the Nobel twats?

Posted by guest , Oct 13, 2008 12:36PM

"Monday’s award is the last of the six prizes and is not one of the original Nobels, but was created in 1968 by the Swedish central bank in Alfred Nobel’s memory. Mr. Krugman was the only winner of the award, which includes a prize of about $1.4 million."

humility is such a virtue:

"To be absolutely, totally honest I thought this day might come someday"
http://economix.blogs.nytimes.com/2008/10/13/paul-krugman-wins-economics-nobel/

Posted by guest , Oct 13, 2008 12:39PM

krugman is a moron.

Posted by guest , Oct 13, 2008 12:43PM

Saavik: Any suggestions, Admiral?
Kirk: Prayer, Mr. Saavik. The Klingons don't take prisoners.

Saavik: Because... there was no way to win.
Kirk: A no-win situation is a possibility every commander may face. Has that never occurred to you?
Saavik: No sir, it has not.

Spock: The Kobayashi Maru scenario frequently wreaks havoc on students and equipment. As I recall you took the test three times yourself. Your final solution was, shall we say, unique?
Kirk: It had the virtue of never having been tried.

Posted by guest , Oct 13, 2008 12:45PM

KISS

Posted by guest , Oct 13, 2008 12:47PM

it's actually very well-deserved and entirely expected among economists. if you fools knew anything about modern economics, you'd know he basically created modern trade theory in the 80s. this award has been a long time coming and it's got nothing to do with his political views.

Posted by guest , Oct 13, 2008 12:50PM

@13 I bet you believe that Al Gore had something to do with "peace" as well. Best of luck with that.

Posted by guest , Oct 13, 2008 12:52PM

@14 - this is 13, to answer your question, no, but i'm an economist so i actually know what krugman's early contributions to economics have meant for the field. aah... who cares anyway...

Posted by guest , Oct 13, 2008 12:52PM

Nothing to do with his political views my ass.

I wonder what Hayek would think of Krugman.

Posted by guest , Oct 13, 2008 12:55PM

Krugman on price of oil, June 27, 2008:

"Suffice it to say that some economists, myself included, make much of the fact that the usual telltale signs of a speculative price boom are missing."

http://www.nytimes.com/2008/06/27/opinion/27krugman.html

Posted by guest , Oct 13, 2008 12:59PM

What economics awards are the Iceland central bank giving out?

Posted by guest , Oct 13, 2008 12:59PM

#13. If he would stick to economics maybe he wouldn't be getting this reaction.

Posted by guest , Oct 13, 2008 1:07PM

You can't even argue that Krugman received the award because he was old. And Krugman's contribution seems dubious.

Contrast his work to that of Engle and Granger, Akerlof et al., or Scholes and Merton. They had a substantial impact on academia and industry.

Whatever.

Posted by guest , Oct 13, 2008 1:19PM

Before he as a columnist with whom you may or may not disagree, Krugman was an exceptional economist that is held in extremely high regard, not only for his economic intuition by also quantitative prowess. His contribution to international trade theory is revolutionary to the Heckscher-Ohlin model built on Ricardo's comparative advantage theory.

I don't think anyone who is even passingly familiar with modern economics is suprised by this award. The real surprise is that he has received it at a relatively younger age.

It's a pity that many people won't be able to look past their disagreements with his political views.

Posted by guest , Oct 13, 2008 1:21PM

Fama was robbed.

Posted by guest , Oct 13, 2008 1:36PM

"Andrea Mitchell tried to uphold the Krugman honor, but—as seen in the screencap—even she couldn't suppress a smile at the award's arrant absurdity.

Joe Scarborough piqued Mika's curiosity with his teasing of the news, while guest Jim Cramer saw the award as confirmation that America is well on the way to socialism.while guest Jim Cramer saw the award as confirmation that America is well on the way to socialism."
http://www.newsbusters.org/

Posted by guest , Oct 13, 2008 1:56PM

@6: Yeah, like when they gave the award to that dirty hippie Scholes.

Posted by guest , Oct 13, 2008 2:33PM

Steve Cohen should have won it!

Posted by guest , Oct 13, 2008 3:23PM

Krugman's early shit was Trade theory's equivalent of Black-Scholes c. 1970. NAFTA & EU general frameworks were practically derived from his textbook.

/b/espoke.

Posted by guest , Oct 13, 2008 3:31PM

would love to see the look on krugman's face when he dies and toddles off to nobel economist valhalla.

when they hand him his bucket and inform him "the only reason you're here is that we needed a pissboy. be sure to wait for the shake, genius."

krugman is a moronic partisan hack. him getting a nobel is just the last nail in the once-proud nobel coffin. by doing this, even more than honoring gore's magnificent efforts for "peace", or rigoberta menchu's fairy tale whoppers as "literature", they've shown themselves to be nothing more than a joke.

maybe the math/physics/chem nobels still mean something, *maybe*, but you gotta wonder.

Posted by guest , Oct 13, 2008 4:20PM

#30 diablo -

your typing is a little murky and muffled there.

try climbing out of krugman's arse before you comment next time.

Posted by guest , Oct 13, 2008 5:03PM

oh, i'm # 29, windy man. you seem to have this idea your commands ought to be followed. are you kind of a big deal? a bsd? an internet bad dude?

krugman's a hack. the nobel committee is a joke. they picked him as yet another partisan slap at bush. history will scorn this pick just as they will the gore pick.

whether you like it or not. now run along, little man. crawl back into krugman's tiny little arse, where it's warm and safe. and stay there. ok, buddy?

Posted by guest , Oct 13, 2008 5:06PM

oh, i'm # 29, windy man. you seem to have this idea your commands ought to be followed. are you kind of a big deal? a bsd? an internet bad dude?

krugman's a hack. the nobel committee is a joke. they picked him as yet another partisan slap at bush. history will scorn this pick just as they will the gore pick.

whether you like it or not. now run along, little man. crawl back into krugman's tiny little arse, where it's warm and safe. and stay there. ok? buddy?

Posted by guest , Oct 13, 2008 5:07PM

oh, i'm # 29, windy man. you seem to have this idea your commands ought to be followed. are you kind of a big deal? a bsd? an internet bad dude?

krugman's a hack. the nobel committee is a joke. they picked him as yet another partisan slap at bush. history will scorn this pick just as they will the gore pick.

whether you like it or not. now run along, little man. crawl back into krugman's tiny little arse, where it's warm and safe. and stay there. ok? buddy?

Posted by guest , Oct 13, 2008 6:54PM

why don't they call it as it is-- Nobel Prize in being Anti-Bush.

Posted by guest , Oct 13, 2008 7:32PM

another thing about guys who think they're kind of a big deal, diablo - you know: the internet navy seals; the self-proclaimed BSD's - is that they just *have* to get the last word in. try as they might, they just can't not stop themselves from saying/doing dumb things. (rather like the moronic partisan hack krugman, actually.)(and the feverishly anti-bush nobel committee, it must be added.)

psychologists often see this as a symptom of deeper mental problems. how else can we explain the "gore, menchu, and krugman nobel laureate" trio of stooges? (i see krugman as "larry".)

what do you think, buddy?

Posted by guest , Oct 13, 2008 7:34PM

ok EP, you redeemed yourself of that Lehman CDS faux pas over the weekend
GREAT photo caption, just great, love it

Posted by guest , Oct 13, 2008 10:47PM

@17, very nice.

Another from this fruit loop, four months after 9-11:

"I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society."

"The Great Divide"
The New York Times
January 29th, 2002
By Paul Krugman

http://www.nytimes.com/2002/01/29/opinion/29KRUG.html

Posted by guest , Oct 13, 2008 11:19PM

38 Bush is basically lazy and stupid to the core, so its no challenge being anti Bush. Have you seen his approval rating? 29%? and that was before the economic shit hit the fan.

Posted by guest , Oct 14, 2008 1:28AM

Well, Jimmy Carter is also a Nobel laureate, if that counts for something.

Posted by guest , Oct 14, 2008 1:35AM

To all those defending Krugman here, have you actually ever read all the utter crap he spews on the NYT? I would have no issues if he were just writing random political stuff. But he actually writes about economics and uses the fact that he is an economist to buttress his completely bullshit logic.

That guy is a big fucking blot on economics and brings disrepute to it. I do not think you would think highly of any Nobel prize winning physicist if he went onto some wingnut forum and started writing about how the earth was only 5000 years old. Krugman economic does the equivalent on that. It is a gigantic fucking shame. The Nobel committee continue its descent into irrelevance.

That is the economic equivalent of

Posted by guest , Oct 14, 2008 3:28AM

Yay PRINCETON! Whoah PRINCETON!
Screw you dumbasses at Harvard, Yale, PEnn & MIT.

PRINCETON is where the ACtion is. Princeton is where I want my kids to go to schools! Princeton is where Krugman teaches.

Harvard, Yale, Penn & MIT is for PUSSIES!!!

Princeton is for Nobel Laureates

Yeah Krugman! Booyakasha Krugman! Whoah whoah Krugman! What a day for Princeton. Booyah PRINCETON!!!!!
GO TIGERS!!!

GO KRUGMAN!!!

Posted by guest , Oct 14, 2008 3:30AM

Yay PRINCETON! Whoah PRINCETON!
Screw you dumbasses at Harvard, Yale, PEnn & MIT.

PRINCETON is where the ACtion is. Princeton is where I want my kids to go to schools! Princeton is where Krugman teaches.

Harvard, Yale, Penn & MIT is for PUSSIES!!!

Princeton is for Nobel Laureates

Yeah Krugman! Booyakasha Krugman! Whoah whoah Krugman! What a day for Princeton. Booyah PRINCETON!!!!!
GO TIGERS!!!

GO KRUGMAN!!!

Posted by guest , Oct 14, 2008 7:28AM

@47 affirms the notion that Princeton breeds only morons