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I think he was the one reading both economic geographers and Marx and Engels and putting high arithmetic into it.

Like Einstein was reading Newton and Maxwell and putting the special relativity algebra into it.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Mon Oct 13th, 2008 at 06:33:31 PM EST
[ Parent ]
... a failing of being a regional economist, I guess ... and they already had the higher arithmetic in there.

However, there's more than being first. Barkely Rosser says:

So, given that he is probably reading this, let me first praise Paul Krugman, with whom I have only had one extended one-on-one conversation. He is one of the most brilliant living economists, he has done very innovative work in many areas, he has been absolutely on the money regarding the current crisis (and I suspect that this has been a factor in the award, although it is not supposed to be).
...

Given all this why then did I go out on a limb to say it would not be Krugman? Well, I thought that since what Krugman was most famous for was applying the Dixit-Stiglitz model to both trade and geography, and Stiglitz already got his for asymmetric information, that paper was clearly deserving, and Dixit should get it. Also, and Krugman has recognized this, others beat him to the punch in applying Dixit-Stiglitz in applying it to trade, with some of the other "losers" mentioned by others being here among those. However, Krugman clearly applied it more thoroughly and widely and vigorously.

... and there is something to be said in defense of applying a traditional marginalist model with a handful of non-conventional consequences more thoroughly, widely and vigorously than others, given the pool from which the Prize in Honor of Nobel is selected.

Also The Basics of Dixit-Stiglitz-Lite (pdf), if you want to see the kind of demand system being applied.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Oct 13th, 2008 at 07:17:12 PM EST
[ Parent ]
Paul Krugman wins the Nobel Prize by Barclay Rosser (egregious moderation)

Further by Barclay:

But, I must now confess that I wrote a very critical review of the book on this that Tyler praises, Development, Geography, and Economic Theory (1996 in JEBO). I had two complaints. One was that the Dixit-Stiglitz heterogeneous goods model from monopolistic competition is not in fact the main source of agglomeration economies in actual regional economies, although Krugman defended his use of this model in that book by arguing that it was useful for providing a rigorous mathematical model, which it does. He compared himself to the person who provided a map to "darkest Africa" when those who had written of it earlier could only vaguely speak of it in words.

My other criticism, connected to the first, was that there had been a long literature in the 1980s that did mathematically model agglomeration economies (not using Dixit-Stiglitz) that he never cited, in contrast with his citing of the use of Dixit-Stiglitz by others before him in trade theory and by Fujita in urban and regional economics. However, most of this literature was by physicists publishing in regional science or geography journals, such as Peter Allen, who was a student of Ilya Prigogine in Brussels, and Wolfgang Weidlich, who is an associate of Hermann Haken at the Institute for Theoretical Physics in Stuttgart. Krugman has never cited these people, and to be very blunt, I publicly called him out on this when he made a presentation at a session on complexity at the AEA meetings in the early 1990s (he was chairing the session and replied "we can discuss citations later, next question" [end of discussion]). Having made this rather snarky remark, I must admit a hard bottom line: it is very possible that Krugman never actually saw or read any of this literature, and certainly none of these people are as deserving of this prize as he is, due to his broader accomplishments (and if he did read it, he may have rejected their approaches as too "ad hoc," even if mathematical). However, at the time I thought it highly likely he was aware of it, which is what motivated the much more critical remarks I made in my book review, which I shall not repeat here, inappropriate as they would be on this day.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Mon Oct 13th, 2008 at 07:22:01 PM EST
[ Parent ]
However, most of this literature was by physicists publishing in regional science or geography journals, such as Peter Allen, who was a student of Ilya Prigogine in Brussels, and Wolfgang Weidlich, who is an associate of Hermann Haken at the Institute for Theoretical Physics in Stuttgart. Krugman has never cited these people, and to be very blunt, I publicly called him out on this when he made a presentation at a session on complexity at the AEA meetings in the early 1990s (he was chairing the session and replied "we can discuss citations later, next question" [end of discussion]).

Personal point of reference: For me the turning point in awe of academie was Bernal, late '80s. His work has nothing to do with 'economics' per se. His work is a survey of published besserwissen by Anglo-American classicists and is devastating in scope but also and particularly in admitting "hard science" --outsider, objective analyses of real, archaeological evidence-- to conventions heretofor unassailable.

Scales fell from my eyes.

I want that everyone should see that beautiful light.


Diversity is the key to economic and political evolution.

by Cat on Fri Oct 17th, 2008 at 08:19:30 PM EST
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