Imports make us rich: SF blogger wins Nobel

[matgb]

This is cool. Noted Science Fiction fan and blogger Paul Krugman has won the Nobel Memorial Prize for economics for studying:

the effects of free trade and globalization & the driving forces behind worldwide urbanization

or, in other words, making it fairly clear that imports make us rich, and exports are the boring shite we do to pay for them, something that's fairly well known to anyone that understands Ricardo. Shame that most journalists and politicians don't.

Comments

[srk1.livejournal.com]

Most of his popular works are collections of columns ("The Accidental Theorist" and "Pop Internationalism" are good ones, "The Great Unravelling is less good as it strays away from economics and into political commentary, which is not his main strength). "The Return of Depression Economics" is a proper book of new material, and short with it. Hopefully if we get a Democrat in the White House his prescriptions might actually be followed (they might even be followed by appointing him Treasury Secretary).