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I remember reading Krugman's article on CEO pay and just shaking my head. The reality is that he is an economic writer and not an economist any longer. I'm sure there are plenty here who will disagree but I think Krugman long ago lost his credibility as "a leading economist." Anyone who remembers the "broken windows theory and iPhone upgrade cycle" article couldn't help thinking, really?? This guy won a Nobel Prize?

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I remember reading the same blog post and here is what I remember: He told an anecdote told to him by someone else, wrote multiple times that he finds it ridiculous and pointed out that it is most likely a funny coincidence.

Sorry but my sympathy is with Krugman on this one - he didn't use his academic credentials as an argument on authority. It is a just a bit of brainstorming on his blog.

If anything it makes me think more highly of him - being always serious is harmful, a creative mind must dare to be silly from time to time.

The reality is that he's a political writer (a.k.a. pundit) trading on economist credentials.

Krugman expressing his political opinions is worse than Chomsky. At least Chomsky doesn't dress his political opinions up as linguistics.

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