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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (60827)5/26/1999 8:42:00 PM
From: BGR  Read Replies (1) of 132070
 
Michael,

Like I said, Krugman IMHO is a great practitioner of an inexact science. Sometimes right and sometimes wrong. These are interesting times and all economists are baffled to some extent while trying to cope with the present situation. The foundations of economics for the 21st century will be built based on the academic research being done at present, just like the 1920's and 1930's. Which probably will rewrite a lot of old rules.

Those who say that they are not baffled and know what exactly the solution to world's problems is are the charlatans IMHO.

Last post by me on this topic.

-BGR.

PS: I find it very interesting that majority of the articles, letters and posts criticizing Krugman focus on his personality and not his research. And those which do attempt to criticize his research end up presenting second hand quotes giving simple analogies and never present a formal model of criticism, imperative in serious research.
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