Everyone seems to be linking to Tyler Cowen for thoughts on Paul Krugman's Nobel Prize in Economics. Tyler offers a nice summary of Krugman's accomplishments and a nifty pocket interpretation of the award: "This was definitely a 'real world' pick and a nod in the direction of economists who are engaged in policy analysis and writing for the broader public." That's the sort of thing you can use at a cocktail party.

I don't have much to add, other than the fact that I used to read Krugman's books. In fact, I was reading Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations when I decided to become an academic. My wife saw me reading the book and asked about it. When I told her what it was, she said something like, "you need to become a law professor." Or maybe that's just what I heard. Maybe she really said, "you are a geek."

Anyway, Krugman was fun to read back then. I find his NYT columns less interesting because I don't enjoy reading overtly political commentary as much as veiled political commentary.

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