Re: [OPE] Paul Krugman wins Nobel

Hi Gary:

Far more interesting are Giovanni Dosi's publications - going back
to the early 1980s - on trade which not only considered economies
of scale and economic geography, but also the relation of
technological change and industrial structure to trade theory and
practices. Last I heard, he's an advocate of evolutionary economics -
another heterodox tradition snubbed by the Nobel Committee - and
is a Visiting Professor at the University of Manchester.

Heck, Ian Steedman's work on trade - also going back to the
early 1980s - is far more innovative and significant than Krugman's
writings on trade.

Granted, Krugman wasn't a supporter of Pinochet (as was Milton Friedman),
but he will be remembered (for good or bad) for his op ed pieces to _The
New York Times_ rather than for any advancements in economic theory, imo.

In solidarity, Jerry

> ... tomorrow my students are going to ask me what I think about Krugman
> & the Nobel award. I agree with Jerry's initial remark that New Trade
> Theory
> isn't really new, and isn't substantial enough to merit a Nobel. Krugman's
> work
> on economic geography also strikes me as the typical economist's exercise
> in
> translating common sense into technical jargon. But I'm neither a trade
> theorist
> nor an economic geographer, so I'd really be interested to know what more
> expert people on the list think of the work tha got Krugman the prize.

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Received on Mon Oct 13 16:41:11 2008