 Which writer seemed to like Krugman the most?
Krugman's Life of Brian Where it all started: Paul Krugman's "The Legend of Arthur." 1) Krugman claims that my opening sentence--"In a way, Bill Gates's current troubles with the Justice Department grew out of an economics seminar that took place thirteen years ago, at Harvard's John F. Kennedy School of Government"--is "pure fiction." Perhaps so, but in that case somebody should tell this to Joel Klein, the assistant attorney general in charge of the antitrust division. (As Krugman notes, one reason for this was technical, not ideological. 3) Pace Krugman, I also did not claim that Arthur bears principal responsibility for the rediscovery of increasing returns by economists in the 1970s and 1980s. Krugman apart, virtually every economist I have spoken to, including Daniel Rubinfeld, a former Berkeley professor who is now the chief economist at the Justice Department's antitrust division, told me this was the case. 4) Krugman appears to suggest that I made up some quotes, a charge that, if it came from a more objective source, I would consider to be a serious matter. The quotes in question came from Arthur, and they were based on his recollections of two meetings that he attended some years ago. After Krugman's article appeared, the Santa Fe professor called me to say that he still recalled the meetings in question as I described them. Krugman, as he admits, wasn't present at either of the meetings. 5) For a man who takes his own cogitations extremely seriously, Krugman is remarkably cavalier about attributing motives and beliefs to others. In response to that article, I received dozens of messages of appreciation from mainstream economists, including from two former presidents of the American Economic Association. Among the sources quoted in that piece were the then-chairman of the White House Council of Economic Advisers (Joseph Stiglitz), a governor of the Federal Reserve Board (Laurence Meyer), and a well-known Harvard professor (Gregory Mankiw). To claim, as Krugman does, that I "don't like mainstream economists" and that I am out to denigrate their work is malicious hogwash. 6) I might attach more weight to Krugman's criticisms if I hadn't recently reread his informative 1994 book Peddling Prosperity , in which he devotes a chapter to the rediscovery of increasing returns by contemporary economists. Krugman wrote. Evidently, Krugman felt four years ago that Arthur's contribution was important enough to merit a prominent mention in his book. Now, he dismisses the same work, saying it "didn't tell me anything that I didn't already know."
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