“Closure”

To me this is the best “wrap-up” of the R&R vs Krugman clash.

David Warsh´s “Footnote to a current controversy“:

The current dust-up between Paul Krugman and the “austerians,” in which the Princeton University economist, a columnist for The New York Times, cast Carmen Reinhart and Kenneth Rogoff, both of Harvard University, to play the villain opposite himself, is reminiscent of an earlier episode in the same drama.

In 1992 it was Krugman vs. the incoming Clinton White House.  Then it was Laura D’Andrea Tyson who played the heavy.

Bill Clinton had been elected and convened an all-star economics conference in Little Rock. Krugman was then being mentioned as a possible member of the Council of Economic Advisers. After Tyson, a University of California at Berkeley economist who had been a graduate student at the Massachusetts Institute of Technology just before Krugman arrived there, was chosen to chair the Council, Krugman went on Larry King Live and called the summit “useless.”

Over the next several weeks Krugman conducted a not-so-sotto-voce campaign against various appointments, especially Tyson’s. At one point he told Hobart Rowen of The Washington Post that Clinton “wouldn’t be able to get good economists to work for him.”  Rowen called the criticism “churlish.”

————————————————–

But as in the Little Rock case, he lacks a governor; or, in this situation, even an editor. The earlier episode ensured that Krugman would never again serve in government. (He had done a turn the CEA as a junior staffer under Martin Feldstein in the early 1980s.) This one surely clinches the case that he should never win a Pulitzer Prize. The habitual thumb on the scale has become contempt for the balance itself.

Advertisements

One thought on ““Closure”

  1. Excellent article. It’s a shame Krugman continues to let his ego get in the way, but then he is certainly not alone! Plenty of potential solutions have landed in history’s dustbin for the same reason. It’s just especially disappointing in his case, because of the following he actually has.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.