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In the conventional far-right, right, center-right, center, center-left, left, far-left spectrum, Krugman is, despite his training and profession manipulating long since falsified social theories, somewhere ranging from center to center-left.

Given a right party that has elected officials attempting to take right wing actions under the cover of far right wing rhetoric, and a "left" part that has elected officials attempting to take center-right wing actions under the cover of center-left wing rhetoric, Krugman tends to be very useful in calling both the right wing out on their extremism and the center-right wing out on their actions failing to live up to their center-left rhetoric.

Of course, his economics is still neoliberal "in the long run", so there remains the genuflection to balanced budgets and loanable funds fallacies "in the long run" ... but he stretched out the Keynesian short run about as far as a mainstream economist can get away with stretching it, so as long as his attention is on the current situation through to the next half decade, there is remarkably little damage done by the long run neoliberalism.


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 Nov 21st, 2011 at 12:32:55 AM EST
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