I was just wondering what Donald Luskin feels like talking about today, so I surfed over to find out.
The Nobel Prize is never posthumous — it is only awarded to living persons. So some great minds such as John Maynard Keynes and Fischer Black never received the prize in Economics. All that has changed. With today’s award to Paul Krugman, the Nobel as gone to an economist who died a decade ago. The person alive to receive the award is merely a public intellectual, a person operating in the same domain as Oprah Winfrey. And even as a public intellectual, the prize is inappropriate, because never before has a scientist operating in the capacity of a public intellectual so abused and debased the science he purports to represent. Krugman’s New York Times column drawing on economics is the equivalent of 2006’s Nobelists in Physics, astromers Mather and Smoot, doing a column on astrology — and then, in that column, telling lies about astronomy.
Ha ha. I might spend the week after November 5 just quoting wingnuts verbatim.
Chat about whatever.