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...halt a financial crisis and fix an ailing global economy. Macroeconomics has overwhelmed microeconomics. Not that the macroeconomists have exactly covered themselves with glory. Queen Elizabeth II wondered aloud late last year how economists had missed the problems that brought on the financial crisis. This September, economist Paul Krugman lamented "the profession's blindness to the very possibility of catastrophic failures in a market economy," unleashing a bitter debate over what the heck economics is good...

Author: /time Magazine | Title: Is the World Ready for Freakonomics Again? | 10/26/2009 | See Source »

...bored,” she repeated. The highlight of the Igs? Watching Elena N. Bodnar, this year’s Ig Nobel Public Health Laureate, attempt to wrap her brassiere-turned-gas-masks around the faces of (real) Nobel Laureates Wolfgang Ketterle, Orhan Pamuk, and Paul R. Krugman. Did we mention she had been wearing that very bra? What good sports.  “If you didn’t win an Ig Nobel prize tonight—and especially if you did—better luck next year,” said MC Marc Abrahams. Bewildered...

Author: By CAROLINE P. DAVIS, CONTRIBUTING WRITER | Title: Weirdos Unite | 10/8/2009 | See Source »

Almost every analyst or forecasting group of any substance has offered opinions over the last few weeks, regarding the performance of the economy for the last half of this year. Paul Krugman, Alan Greenspan, Paul Volker, and several other members of the Fed, posted their forecasts. The CBO and FOMC issued long reports weighed down with unimaginable data and their projections...

Author: /time Magazine | Title: Summer 2009: The Long Wait for Evidence of a Recovery | 5/26/2009 | See Source »

...former associate and assistant professor at Harvard who now teaches in Princeton’s economics department and Woodrow Wilson School—is well-known for his work on international trade. “He’s been the most influential international trade economist since Paul Krugman,” said economics professor Pol Antràs, who worked with Melitz during his time at Harvard. Melitz’s influence on the study of international trade began with his graduate thesis at the University of Michigan. In that paper, he built a conceptual framework for international trade...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: Melitz Returns To Econ Dept. | 5/8/2009 | See Source »

...Paul Krugman, the devil’s advocate on the left, tells us that we need more stimulus. Now is exactly the time when we should want to suspend regressive taxes and put money back in the hands of low- and middle-income families to spur household consumption. While economists can argue about the relative effectiveness of government spending as opposed to tax cuts in stimulating the economy (Krugman would presumably find a reason not to like this idea), who can deny that there would be a positive jolt to consumer spending from something as dramatic as a complete suspension...

Author: By Clay A. Dumas | Title: Diamond in the Rush | 4/9/2009 | See Source »

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