Krugman's Nobel Prize

The decision to give Paul Krugman the Nobel Prize in economics is the surest indication yet that the world is starting to swing away from the neo-liberal economics that have dominated the world for the past the three decades. I interviewed Krugman once, and I liked him. He's an intelligent man, and his column in the New York Times is always readable. But he is, for an economist, extreme in his anti-market views. The credit crunch is going to make that fashionable. But I suspect we'll pay a price for it in the long run.