Sunday, November 15, 2009

Landsburg on Krugman's Excellence in Two Widely Disparate Activities

Landsburg perfectly summarizes how economists-turned-political celebrities give a bad name to the profession (HT Cafe Hayek's Boudreaux):

It’s always impressive to see one person excel in two widely disparate activities: a first-rate mathematician who’s also a world class mountaineer, or a titan of industry who conducts symphony orchestras on the side. But sometimes I think Paul Krugman is out to top them all, by excelling in two activities that are not just disparate but diametrically opposed: economics (for which he was awarded a well-deserved Nobel Prize) and obliviousness to the lessons of economics (for which he’s been awarded a column at the New York Times).

It’s a dazzling performance. Time after time, Krugman leaves me wide-eyed with wonder at how much economics he has to forget to write those columns.

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