Saturday, 18 October 2008

Dixit: why Paul Krugman got the Nobel Prize

In this article, Why Krugman got the Nobel Prize: Economics, not polemics, at Avinash Dixit, University Professor of Economics at Princeton University and the 2008 President of the American Economic Association argues that economics got Krugman the prize. He notes that Paul Krugman the columnist offers strong views, attracting adulation and hatred. His newspaper-reading fans delight in his Nobel Prize; his foes are shocked and dismayed. Both are mistaken. His prize has nothing to do with his popular writing. In this piece Dixit explains that the prize celebrates Krugman’s achievements in science, not in the policy arena. This column clarifies exactly what those achievements are.

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