Krugman

Columnist Paul Krugman gets economics Nobel

By JEWISH REVIEW

article created on: 2008-10-15T00:00:00

WASHINGTON(JTA)—Paul Krugman, a columnist for The New York Times, won the Nobel Prize for economics.

Krugman, who also teaches at Princeton University, won for his analysis of international trade patterns, the newspaper reported on Oct. 13.

Krugman, who is Jewish, has been among the Bush administration’s toughest critics in the Times, excoriating its economic and foreign policies in particular.

He was one of the first economists to anticipate the bursting of the U.S. housing bubble and the resulting reverberation on international markets.

Krugman stirred outrage in 2003 when he said Mahathir Mohamad’s claim that” Jews rule the world as proxy” was the Malaysian prime minister’s way of appeasing Muslim anti-Americanism and anti-Semitism that had been stoked by Bush administration policies.

Krugman suggested that Mahathir might have felt the need for such a gesture in a speech that otherwise condemned Islamist excesses.

“Thanks to its war in Iraq and its unconditional support for Ariel Sharon, Washington has squandered post-9/11 sympathy and brought relations with the Muslim world to a new low,” Krugman wrote.

The columnist also wrote that Mahathir’s remarks were “inexcusable” and “calculating,” but the column drew strong Jewish responses.

“In his obsession with criticizing U.S. policy, Paul Krugman underestimates the significance of the anti-Semitic diatribe by Malaysian Prime Minister Mahathir Mohamad before the Organization of the Islamic Conference,” Glen Tobias, the Anti-Defmation League’s national chairman, wrote in a letter to the Times.