Krugman, international trade, and facts

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If I took the time to rebut every stupid comment that has been uttered in response to Krugman’s Nobel win, I’d have to quit my job, drop out of grad school, and stop blogging on any other topic. But here’s one I refuse to let pass:

Paul Krugman wrote some interesting essays in international economics theory (he is not noted for using facts), but began to put politics above economics ever since the 1992 presidential campaign –as shown in my 1994 review of his book, Peddling Prosperity.

That’s Cato’s Alan Reynolds.

While Krugman is an economist theorist, not an empiricist, how could one neglect Pop Internationalism, a collection of essays that use a small dollop of facts and basic arithmetic to rebut trade nonsense?

Bonus: A favorable review of the book from Cato’s Bill Nisakanen.

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One Response to “Krugman, international trade, and facts”

  1. Hyun Says:

    Yeah, Pop Internationalism is one of my favorites, not just because it is small enough to fit into my pocket. Got your point and I have always seen people making harsh comments about Krugman. But no one doubts his pathbreaking papers and that is more than enough for the Nobel Prize. So take it easy; you’re kidding about dropping grad school? 🙂

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