October 15, 2008 12:33PM

Paul Krugman’s Nobel Prize

Paul Krugman wrote some interesting essays in international economics theory (he is not noted for using facts), but began to put politics above economics ever since the 1992 presidential campaign --as shown in my 1994 review of his book, Peddling Prosperity.

Wiser choices for future Nobel prizes would be Arnold Harberger and Martin Feldstein for their innovative work in microeconomics and public finance.