Dear Reader, Please Help Win Me Dinner

Yesterday, I asked Tyler Cowen if he’s willing to bet his Marginal Revolution readers against Freakonomics readers in the caption-that-photo contest we announced earlier this week. I’m pleased to report that Cowen is a betting man after all. Yes Tyler, your bet is accepted — and it’s dinner on the loser. I remain confident that […]

It’s On!

Freakonomics versus Marginal Revolution in a caption-that-photo contest.

Bush Congratulates Krugman

Yesterday, President Bush invited the most recent round of Nobel laureates to the White House to accept his congratulations. And yes, this included his trenchant critic and economics prize-winner, Paul Krugman. Photo from This photo posted on (from Agence France-Presse) makes me wish I were better at reading body language. I’m going to […]

Congratulations Paul Krugman!

Congratulations to Paul Krugman, the winner of this year’s Nobel Prize in economics! This is a well-deserved award. The prize citation describes this as an award “for his analysis of trade patterns and location of economic activity.” More info is available here and here; for the econ-aficionados, try here. Krugman’s accumulated scientific writings amount to […]

Krugman Wins the Nobel Prize

Congratulations to Paul Krugman, who has won this year’s Nobel Prize in economics! Although most Americans know him best as a firebrand liberal New York Times columnist, in an earlier incarnation he did truly great work in economics revitalizing the study of trade and geography. While many economists will be surprised that he won the […]

Where Have All the Macroeconomists Gone?

A reporter friend of mine recently asked me for a short list of academic economists he should call to better understand the current financial and economic mess. I found it a more difficult question than it should be. It really has been quite striking how silent most economists have been in this hour of need. […]

The Latest Data: Yes, It’s a Recession

There has been a lot of hand-wringing about whether or not the U.S. economy is currently in a recession. This morning’s data will, I think, lead to a near-unanimous view that the U.S. economy is in a recession. Not only was employment growth in February negative, but the B.L.S. also tells us that the previous […]

Paul Krugman Hits the Blogosphere Running

New York Times columnist Paul Krugman kicked off his new blog a couple days ago with a long entry on inequality. While economists are well aware of the patterns in inequality, there is less agreement concerning the reasons for its ups and downs. Krugman believes that the primary factor driving inequality is politics. I suspect […]