Paul Krugman Nobel Prize Lecture
By Barry Ritholtz - December 16th, 2008, 12:00PM
Paul Krugman: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008
Prize Lecture by Paul Krugman (44 minutes)
Paul Krugman delivered his Prize Lecture on 8 December 2008 at Aula Magna, Stockholm University. He was introduced by Professor Bertil Holmlund, Chairman of the Economics Prize Committee.
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Source:
Paul Krugman
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008
Prize Lecture
Increasing Returns
Paul Krugman, Princeton University, NJ, USA
http://www.princeton.edu/~pkrugman/nobelslides.pdf
December 16th, 2008 at 1:01 pm
Lame
December 16th, 2008 at 2:02 pm
I read that Mises piece — its not their best work.
I don’t know if I would call it Lame — just pretty weak, poorly argued and over-generalized.
December 16th, 2008 at 5:48 pm
Did you see his reaction to the Fed move? From the NYT Economix blog:
“This is the thing I’ve been afraid of ever since I realized that Japan really was in the dreaded, possibly mythical liquidity trap. You can read my 1998 Brookings Paper on the issue here. Seriously, we are in very deep trouble. Getting out of this will require a lot of creativity, and maybe some luck too.” – Paul Krugman, The New York Times.
His paper is here: http://web.mit.edu/krugman/www/bpea_jp.pdf
December 16th, 2008 at 6:56 pm
Seriously, we are only in deep trouble (if in fact we are) because the government is using their OWN incompetence at having created this “monstrous credit and debt bubble” to argue that the government is now our only hope for salvation. Sorta neat, that is. It’s like the firefighter that sets the blaze so that he can heroically put it out.
I’m not buying any of this nonsense. Krugman will be ever more shrill the more he thinks he can help government grow (not a typo) to the rescue, with his policy advice naturally being most wisely followed all along the way.
December 18th, 2008 at 6:16 pm
Want to win a Nobel Prize? It’s apparently easy if you’re a multi-billion dollar pharmaceutical company with an extra $1 million dollars in chump change.
After the Nobel Committee awarded Luc Montagnier the 2008 Nobel Prize in Medicine for his work in HIV and AIDS this week, Dagens Medicin reports that the Nobel Committee and pharmaceutical giant Astra Zeneca may be investigated for corruption. Stories that question HIV and AIDS science are routinely spiked in the US media.
Journalist Simon Rothelius’ reports:
Astra Zeneca recently became a sponsor for two companies which are part of the Nobel organization. Since then Sveriges Radio (Sweden’s government radio) has revealed that Astra Zeneca can benefit economically from one of this year’s Nobel Prize Medicine winners Harald zur Hausen, who discovered human papillomavirus Virus, HPV. Astra Zeneca receives royalties from sales of both HPV vaccines on the market, Cervarix and Gardasil.
Sveriges Radio has also revealed that Bo Angelin, professor of clinical metabolic research at Karolinska Institute, is on the board of Astra Zeneca and the Nobel Committee which decided the prize winners. This discovery has caused Christer van der Kwast, DA with Riksenheten against corruption, to take action.
“I have given state district attorney Nils-Erik Schultz the mandate to investigate the reports that have been coming from mass media and inform me whether there are grounds for a criminal investigation,” van der Kwast told Sverige’s Radio.
The criminal allegations that may become official involve crimes of bribery and corruption, according to van der Kwast.
Translating from Die Zeit and this Swedish radio station, blogger Udo Schuklenk reports that the Nobel Committee appears to have sold the Montagnier prize for $1 million because of dwindling resources in Nobel’s investments. This may be how the largest commercial sponsor of the foundation’s activities also happens to market products made possible by Montagnier’s alleged discoveries, although he does not reportedly benefit from any AZ sales or partnerships.
For AZ, the $1 million fee is the cost for cheap marketing…
http://exlibhollywood.blogspot.com/2008/12/nobel-prize-for-sale.html
December 19th, 2008 at 7:46 am
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” (Joseph Goebbels)
“In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press….They found it was only necessary to purchase the control of 25 of the greatest papers. An agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers.” — U.S. Congressman Oscar Callaway, 1917
December 22nd, 2008 at 12:00 am
as well, just for my own sense, I have no personal animosity toward Krugman. as a matter of fact, I appreciate the fact that he, in his own words, is an unabashed ‘Keynesian’. from that perspective, and within those bounds, his policy suggestions follow, rigorously. He is a bright mind, though, sadly, saddled with a addled construct–that of the PoliSci-guru JMK.