AMERICAblog: Nobel Prize in Economics for Paul Krugman
grandma
· 1 year ago
Congratulations to Mr. Krugman
This is great news this morning !
Charles2
· 1 year ago
This is huge! Congrats to Prof. Krugman. Hopefully he'll still have time to be on Rachel's and Maher's shows.
Indigo
· 1 year ago
Yes, congratulations to Professor Krugman. I don't know why I'm suprized but I am. There is a vast seismic adjustment in the Zeitgeist happening. This is wonderful!
For challenging entertainment of the intelligent kind in the mode of the constantly changing Zeitgeist, I recommend the latest from the pen of Thomas Pynchon, "Against the Day." It's all about 1893-1914 revisited. It took me two years to read it all the way through, page by difficult page, but it's most rewarding.
AmIDreaming
· 1 year ago
1893-1914, a period yielding fertile material for writers. You might enjoy the USA trilogy by Dos Passos, too.
dad
· 1 year ago
times, they are a changing.
Kansaskitty
· 1 year ago
Excellent! I've long admired Paul Krugman and love his succinct analysis of the economic news. What a proud moment for a confirmed liberal! Congratulations to Prof. Krugman!
Rab
· 1 year ago
President Obama needs to find him a spot in his administration. Labor Secretary? Treasury?
Dave of the Jungle
· 1 year ago
Arf
Dave of the Jungle
· 1 year ago
If it keeps up like this, we may start getting some intelligent people in Washington.
grandma
· 1 year ago
Now THAT would be change !
grandma
· 1 year ago
I posted on the last thread that Palin's future son-in-law has dropped out of high school and taken a job....I know they don't place much value on education but man alive.....to drop out of high school??
Minneapolis Star Tribune:
Not surprisingly, Johnston was a little shocked when he learned about Bristol's pregnancy, but he says he quickly embraced the prospects of fatherhood. The baby is due Dec. 18. Johnston has dropped out of high school to take a job on the North Slope oil fields as an apprentice electrician.
The ILLITERATE, UNINTERESTED, BACKWARDS THINKING supporters of McKRAZY/PALIN would only RELATE to this. This would be their lives.
ShirleyGoodnessanMercy
· 1 year ago
He'll have to get a GED certificate at some point to get further employment. Half the poor kids here in DC drop out of high school and they all take the GED test.
Dave of the Jungle
· 1 year ago
The economy is so bad now, pigs can no longer afford lipstick. - Jay Leno
HereinDC
· 1 year ago
Of Course Joe Scarborogh made fun of it this morning...and so did Jim Kramer of Mad Money.
they made the NP sound like it was nothing big...oh well...big deal.
grandma
· 1 year ago
I didn't even bother watching Joe this morning...wasn't in the mood for him.
After Al Gore won I couldn't believe the way the Right dismissed the Nobel Prize......as you say...as if it were nothing.
Deacon_Blues
· 1 year ago
Bravo Professor Krugman!
munjoyfan
· 1 year ago
What a nice bit of news to start the day. This man is a real leader and a real mensch, came out of his sabbatical to return to his NYT column because of the impending economic crisis. I hope that he and Obama come together publicly in the next few days. This is what we need in a new administration--if he could stand it.
munjoyfan
· 1 year ago
What a nice bit of news to start the day. This man is a real leader and a real mensch, came out of his sabbatical to return to his NYT column because of the impending economic crisis. I hope that he and Obama come together publicly in the next few days. This is what we need in a new administration--if he could stand it.
ShirleyGoodnessanMercy
· 1 year ago
Wow!! Bravo! Well-deserved!!! I feel like singing "Aquarius"! http://www.youtube.com/watch?v=EhbxI5eVnM4 "When the moon is in the seventh house... and Jupiter aligns with Mars... then peace will guide the planets... and love will steer the stars!"
tlsintx
· 1 year ago
hooray Paul Krugman!!! well done...
i feel a cabinet position coming on...
bacalove
· 1 year ago
The Economic Problem (Alice Ann Bailey)
This problem is basically far less difficult of solution. Sound common sense can solve it. There are adequate resources for the sustenance of human life, and these science can increase and develop. The mineral wealth of the world, the oil, the produce of the fields, the contribution of the animal kingdom, the riches of the sea, and the fruits and the flowers are all offering themselves to humanity. Man is the controller of it all, and they belong to everyone and are the property of no one group, nation or race. It is solely due to man's selfishness that (in these days of rapid transportation) thousands are starving whilst food is rotting or destroyed; it is solely due to the grasping schemes and the financial injustices of man's making that the resources of the planet are not universally available under some wise system of distribution. There is no justifiable excuse for the lack of the essentials of life in any part of the world. Such a state of lack argues short-sighted policy and the blocking of the free circulation of necessities for some reason or other. All these deplorable conditions are based on some national or group selfishness and on the failure to work out some wise impartial scheme for the supplying of human need throughout the world.
What then must be done, apart from the education of the coming generations in the need for sharing, for a free circulation of all the essential commodities? The cause of this evil way of living is very simple. It is a product of past wrong educational methods, of competition and the facility with which the helpless and weak can be exploited. [197] No one group is responsible as certain fanatical ideologists might lead the ignorant to suppose. Our period is simply one in which human selfishness has come to its climax and must either destroy humanity or be brought intelligently to an end.
Three things will end this condition of great luxury and extreme poverty, of gross over-feeding of the few and the starvation of the many, plus the centralization of the world's produce under the control of a handful of people in each country. These are: first, the recognition that there is enough food, fuel, oil and minerals in the world to meet the need of the entire population. The problem, therefore, is basically one of distribution. Secondly, this premise of adequate supply handled through right distribution must be accepted, and the supplies which are essential to the health, security and happiness of mankind must be made available. Third, that the entire economic problem and the institution of the needed rules and distributing agencies should be handled by an economic league of nations. In this league, all the nations will have their place; they will know their national requirements (based on population and internal resources, etc.) and will know also what they can contribute to the family of nations; all will be animated by the will to the general good - a will-to-good that will probably at first be based on expediency and national need but which will be constructive in its working out.
Certain facts are obvious. The old order has failed. The resources of the world have fallen into the hands of the selfish, and there has been no just distribution. Some nations have had too much, and have exploited their surplus; other nations have had too little, and their national life and their financial situation have been crippled thereby. At the close of this war all the nations will be in financial difficulties. All nations will require rebuilding; all will have to attend actively to the settlement of the future economic life of the planet and its adjustment upon sounder lines.
This period of adjustment offers the opportunity to effect drastic and deeply needed changes and the establishing [198] of a new economic order, based on the contribution of each nation to the whole, the sharing of the fundamental necessities of life and the wise pooling of all resources for the benefit of everybody, plus a wise system of distribution. Such a plan is feasible.
The solution here offered is so simple that, for that very reason, it may fail to make an appeal. The quality required by those engineering this change of economic focus is so simple also - the will-to-good - that again it may be overlooked, but without simplicity and goodwill little can be effected after the world war. The great need will be for men of vision, of wide sympathy, technical knowledge and cosmopolitan interest. They must possess also the confidence of the people. They must meet together and lay down the rules whereby the world can be adequately fed; they must determine the nature and extent of the contribution which any one nation must make; they must settle the nature and extent of the supplies which should be given to any nation, and so bring about those conditions which will keep the resources of the world circulating justly and engineer those preventive measures which will offset human selfishness and greed.
The new era of simplicity must come in. The new world order will inaugurate this simpler life based on adequate food, right thought, creative activity and happiness. These essentials are only possible under a right economic rule. This simplification and this wise distribution of the world's resources must embrace the high and the low, the rich and the poor, thus serving all men alike.
Wow! That asshole O'Reilly disdainfully introduced Krugman as "the top Bush-hater at the New York Times" and then proceeded to lecture Krugman as only as lecherous pedophile uncle could, telling the audience to read Krugman's book to see how wrong he was! HAA HAH HA HA HA HA HA HA HA!!!!
canuck55
· 1 year ago
If only he had been chairman of the fed as opposed to Greedspan (in President Gore's administration, of course) then we wouldn't be in this mess today. I must watch Keith and Rachel to see if he appears tonight.
nikto
· 1 year ago
Oh Man, Phil Gramm must be feeling pretty jealous right now.
LeftCoastOracle
· 1 year ago
I am soooooo happy for Paul Krugman. I'm not usually interested in this prize but this time I am thrilled with the honoree! He is thoughtful as well as brilliant. When I have read/seen/heard him over the years I've always come away with the firm conviction that the American government could do a LOT worse than to have Mr. Krugman in its executive branch. In fact it did.
Interesting how Hank Paulson has been respected and revered for so many years when it took just this one announcement to demonstrate what a really thoughtful intellect can produce. Mr. Paulson should be consulting with Paul Krugman.
Smarmy
· 1 year ago
Heard it early this morning after they announced it on MSNBC then LAUGHED AT the award. It was real funny to them.
EmGD
· 1 year ago
God I hope he has some sort of position in an Obama Administration. Even if it's just Vice-Chancellor of Beard Grooming.
That popping sound you hear... is Andrew Sullivan's head exploding. 10 years of pent up cognitive-dissonance fusing into a supernova that has, apparently, rendered him mute on the subject.
All Comments
This is great news this morning !
For challenging entertainment of the intelligent kind in the mode of the constantly changing Zeitgeist, I recommend the latest from the pen of Thomas Pynchon, "Against the Day." It's all about 1893-1914 revisited. It took me two years to read it all the way through, page by difficult page, but it's most rewarding.
Minneapolis Star Tribune:
Not surprisingly, Johnston was a little shocked when he learned about Bristol's pregnancy, but he says he quickly embraced the prospects of fatherhood. The baby is due Dec. 18. Johnston has dropped out of high school to take a job on the North Slope oil fields as an apprentice electrician.
http://www.startribune.com/politics/national/pr...
they made the NP sound like it was nothing big...oh well...big deal.
After Al Gore won I couldn't believe the way the Right dismissed the Nobel Prize......as you say...as if it were nothing.
http://www.youtube.com/watch?v=EhbxI5eVnM4
"When the moon is in the seventh house... and Jupiter aligns with Mars... then peace will guide the planets... and love will steer the stars!"
i feel a cabinet position coming on...
This problem is basically far less difficult of solution. Sound common sense can solve it. There are adequate resources for the sustenance of human life, and these science can increase and develop. The mineral wealth of the world, the oil, the produce of the fields, the contribution of the animal kingdom, the riches of the sea, and the fruits and the flowers are all offering themselves to humanity. Man is the controller of it all, and they belong to everyone and are the property of no one group, nation or race. It is solely due to man's selfishness that (in these days of rapid transportation) thousands are starving whilst food is rotting or destroyed; it is solely due to the grasping schemes and the financial injustices of man's making that the resources of the planet are not universally available under some wise system of distribution. There is no justifiable excuse for the lack of the essentials of life in any part of the world. Such a state of lack argues short-sighted policy and the blocking of the free circulation of necessities for some reason or other. All these deplorable conditions are based on some national or group selfishness and on the failure to work out some wise impartial scheme for the supplying of human need throughout the world.
What then must be done, apart from the education of the coming generations in the need for sharing, for a free circulation of all the essential commodities? The cause of this evil way of living is very simple. It is a product of past wrong educational methods, of competition and the facility with which the helpless and weak can be exploited. [197] No one group is responsible as certain fanatical ideologists might lead the ignorant to suppose. Our period is simply one in which human selfishness has come to its climax and must either destroy humanity or be brought intelligently to an end.
Three things will end this condition of great luxury and extreme poverty, of gross over-feeding of the few and the starvation of the many, plus the centralization of the world's produce under the control of a handful of people in each country. These are: first, the recognition that there is enough food, fuel, oil and minerals in the world to meet the need of the entire population. The problem, therefore, is basically one of distribution. Secondly, this premise of adequate supply handled through right distribution must be accepted, and the supplies which are essential to the health, security and happiness of mankind must be made available. Third, that the entire economic problem and the institution of the needed rules and distributing agencies should be handled by an economic league of nations. In this league, all the nations will have their place; they will know their national requirements (based on population and internal resources, etc.) and will know also what they can contribute to the family of nations; all will be animated by the will to the general good - a will-to-good that will probably at first be based on expediency and national need but which will be constructive in its working out.
Certain facts are obvious. The old order has failed. The resources of the world have fallen into the hands of the selfish, and there has been no just distribution. Some nations have had too much, and have exploited their surplus; other nations have had too little, and their national life and their financial situation have been crippled thereby. At the close of this war all the nations will be in financial difficulties. All nations will require rebuilding; all will have to attend actively to the settlement of the future economic life of the planet and its adjustment upon sounder lines.
This period of adjustment offers the opportunity to effect drastic and deeply needed changes and the establishing [198] of a new economic order, based on the contribution of each nation to the whole, the sharing of the fundamental necessities of life and the wise pooling of all resources for the benefit of everybody, plus a wise system of distribution. Such a plan is feasible.
The solution here offered is so simple that, for that very reason, it may fail to make an appeal. The quality required by those engineering this change of economic focus is so simple also - the will-to-good - that again it may be overlooked, but without simplicity and goodwill little can be effected after the world war. The great need will be for men of vision, of wide sympathy, technical knowledge and cosmopolitan interest. They must possess also the confidence of the people. They must meet together and lay down the rules whereby the world can be adequately fed; they must determine the nature and extent of the contribution which any one nation must make; they must settle the nature and extent of the supplies which should be given to any nation, and so bring about those conditions which will keep the resources of the world circulating justly and engineer those preventive measures which will offset human selfishness and greed.
The new era of simplicity must come in. The new world order will inaugurate this simpler life based on adequate food, right thought, creative activity and happiness. These essentials are only possible under a right economic rule. This simplification and this wise distribution of the world's resources must embrace the high and the low, the rich and the poor, thus serving all men alike.
http://www.bibliotecapleyades.net/sociopolitica...
http://www.youtube.com/watch?v=MUOFTPbxuWA
Interesting how Hank Paulson has been respected and revered for so many years when it took just this one announcement to demonstrate what a really thoughtful intellect can produce. Mr. Paulson should be consulting with Paul Krugman.
http://thesebastards.blogspot.com/
-S