Why Krugman Matters

I am always happy when I find out that my assessment of a person has missed something positive about them. For years I've thought Paul Krugman was a tremendous windbag. Mostly he is, but I had ignored whatever he had done before becoming one of the most irritating voices on the New York Times editorial pages.

He just won the Nobel Prize in Economics for his work on trade. Read this article to understand the positive impact he's had on economic thought.

He's still annoying, but for this free-market guy I'm happy to see that his role has not been altogether negative (at least prior to the early '90's).