"Krugman Is Not An Economist"

Bill Anderson's column entitled "Krugman and the Nobel Fraud" is arguably the best piece written on this year's Economics prize. (Thanks to Chandra.)

He says that just as the Al Gore's Nobel prize for Peace went to a political hack, so too with the Krugman prize, which has gone to another political hack - that too, one who cannot be called an economist.

Anderson says: "The prize was for Krugman’s semi-discombobulated trade theories, not his incoherent, Keynesian columns that he writes for the Democratic Party, er, the editorial page of the New York Times."

Do read the column, which also makes a khichhri out of Krugman's latest NYT column on the bailout. The Nobel prize in Economics seems to have lost its sheen.