Krugman won the Nobel Prize for economics.

Mr. Krugman received the award for his work on international trade and economic geography. In particular, the prize committee lauded his work for “having shown the effects of economies of scale on trade patterns and on the location of economic activity.” He has developed models that explain observed patterns of trade between countries, as well as what goods are produced where and why. Traditional trade theory assumes that countries are different and will exchange different kinds of goods with each other; Mr. Krugman’s theories have explained why worldwide trade is dominated by a few countries that are similar to each other, and why some countries might import the same kinds of goods that it exports.

That's lovely. Paul Krugman has been a very prolific, provocative (he wrote a book called The Great Unravelling, and even occasionally politically active writer and lecturer.

However, in my opinion (worth very little, of course) Naomi Klein has done far more than Paul Krugman to actually bring home the reality of global "free market" trade in a way that people can really understand.

To me, Paul Krugman remains an apologist for this pernicious system, and seems to think it can be "reformed."

Yes, I more or less agree. Heck, I'm not sure even Klein really gets it.

They want some design changes in our stone heads, and more efficient methods for building them, but in the end, it's still "build a bigger stone head."

Despite whatever Klein doesn't get, her book is a masterful expose of the empire from one angle. She tells a story which I'm more or less familiar with, but supplies innumerable fascinating details that I was completely unaware of. I gave out 20 or so copies to friends. The book is far better than her interviews, just because the details she gives cannot be reduced to sound bites.

"..and even occasionally politically active writer and lecturer."

LOL. I guess you don't read his blog/opinion column in the New York Times on a regular basis, do you?

LOL. All the way to the bank.

Yes, I do read his column on a regular basis. I do not hear him say that the problem we face is, well, us.

That unless human beings stop behaving as though they can appropriate 100% of all of earth's resources (and even if we do), that the planetary alignments are going to shift -- and not in a nice way.

After the Chicago Boy's have trashed the world economy, why not acknowledge Krugman?
At least he is not a idiot, and has spoken up.
But agreed, just make Bigger Heads is still the problem, and as Leanan has pointed out, I don't even know if Naomi understands.

Well, for those wanting to know what she thinks about building ever bigger stone heads, this page provides her current speaking schedule and a link to someone who might just pass along a well worded question on the subject. But prior to asking, it might be wise to read her latest articles (there are many) as she quite likely has already made her position known.

Paul Krugman remains an apologist for this pernicious system, and seems to think it can be "reformed."

I think you've got Krugman wrong there, NeverLNG!

Nobel winner Krugman says world recession likely

The people who assured us that markets work, that the private pursuit of profit always leads to a good result have been rather massively wrong," he said."

Worth reminding people that there is no real Nobel Prize for Economics. It's a bought and paid for fake.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Relation to the Nobel Prize

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is not a Nobel Prize.[4] However, the nomination process, selection criteria, and awards presentation are conducted in a manner similar to the Nobel Prizes.[12][15][18] The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences "in accordance with the rules governing the award of the Nobel Prizes instituted through his [Alfred Nobel's] will",[12] which stipulates that the prize is awarded annually to "those who ... shall have conferred the greatest benefit on mankind".[3]

Controversies and criticisms

Some critics argue that the prestige of the Prize in Economics derives in part from its association with the Nobel Prizes, an association that has often been a source of controversy. Among the most vocal critics of the Prize in Economics is the Swedish human rights lawyer Peter Nobel, a great-grandnephew of Alfred Nobel.[25] Swedish economist Gunnar Myrdal and former Swedish minister of finance Kjell-Olof Feldt have also advocated that the Prize in Economics should be abolished.[26] Myrdal's objections were based on his view that the 1976 Prize in Economics to Milton Friedman and the 1974 Prize in Economics shared by Friedrich Hayek (both classical liberal economists) were undeserved, on the argument that the economics did not qualify as a science. If he had been asked about the establishment of the Prize before receiving it, Hayek stated that he would "have decidedly advised against it."[26][27]

Some critics claim the selection of recipients for the Prize in Economics is biased toward mainstream economics.[28][29] The Department of Economics at the University of Chicago has garnered nine of these Prizes—more than any other university—leading some critics to opine that such an outcome demonstrates either a bias, or the appearance of one, against candidates with alternative views.[29]

Milton Friedman was awarded the 1976 prize for his work on monetarism. The prize to Friedman caused international protests,[30] primarily in relation to a six-day trip he took to Chile in March 1975 where he gave lectures on inflation and met with many Chilean government officials, including the dictator Augusto Pinochet.[31] Four Nobel Prize laureates – George Wald, Linus Pauling, David Baltimore and Salvador Luria – wrote letters to the New York Times protesting the award in October 1976.[32][33]

It has been a very effective fraud. Until Undertow started posting this, I certainly had no idea that there was no "real" Nobel prize in economics. This would seem to be a sort of theft of "intellectual property." If we were following NAFTA rules, Peter Nobel should be in line for a major judgement against Royal Swedish Academy of Sciences.

In my neck of the woods a little hole-in-the-wall coffee shop named "Sam Buck's" (the owner's name) was shut down by massive legal bullying by Starbucks.

Conversation between Stephen Colbert and Peter Agre, who won the 2003 Nobel Prize in Chemistry:

Stephen Colbert: "You said 'anyone who grew up on a farm knows that evolution exists'. OK, are you saying a monkey can milk a cow?"

Peter Agre: "Well, if I can milk a cow I suspect a monkey as smart as I am can milk a cow."

Stephen Colbert: "Are there monkeys as smart as you?"

Peter Agre: "I'm sure there are quite a few, quite a few.

Stephen Colbert: "Oh really? Mmhum. Do they give a Nobel prize for throwing your own feces?"

Peter Agre: "........That's the Economics prize, I think."

Correct me If I am wrong, didnt Nobel invent a better explosive to kill people with?
Whoops...That was a bit harsh. Of course it should have been used to further mankind in positive ways, like fishing, or stump removal. You can't blame the guy who invented something, that someone else uses to kill and maim.

My bad.

I think it was remorse over the use to which his invention had been put that instigated the Nobel Prizes to begin with. But maybe that's an urban legend.

IG Nobel for Economics:
ECONOMICS PRIZE. Geoffrey Miller, Joshua Tybur and Brent Jordan of the University of New Mexico, USA, for discovering that professional lap dancers earn higher tips when they are ovulating.
REFERENCE: "Ovulatory Cycle Effects on Tip Earnings by Lap Dancers: Economic Evidence for Human Estrus?" Geoffrey Miller, Joshua M. Tybur, Brent D. Jordan, Evolution and Human Behavior, vol. 28, 2007, pp. 375-81.

Their methodology must have been intriguing!

Where was I when they were looking for Research Assistants???