"...I’m not using
Paul Krugman as an example because I think his analysis is particularly flawed (or flawed at all). I’m using him as an example because he is very prominent in the popular press and because he finds himself in this position a lot. Krugman is asked to weigh in on all sorts of areas. For instance, has said many things about health care policy. That’s fine. Paul is really smart and he knows a lot about economics. Moreover, I think he tries hard to keep up to date on the details of current policies. You could do a lot worse than asking Paul Krugman for his opinion. That said, Krugman doesn’t really have any particular expertise about the economics of health policy. (At least I don’t think he does.) There is nothing wrong with getting the opinions of a smart informed economist but that’s really all you are getting when Krugman starts talking about health policy. The same thing is true when he talks about the minimum wage. Krugman knows about the literature on the minimum wage; I’m sure he is very interested, as most economists are, in the research on the minimum wage but he’s not an expert on that area. In any case, he is the one who is asked to write about the minimum wage. Why? Because he has a Nobel Prize..." (
Chris House)
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