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The Nobel Prize that truly reveals the absurdity of the process is the award of the latest economics prize to Princeton University's Paul Krugman. Undoubtedly, Professor Krugman did some brilliant work in his younger days, but of late, he has meandered off course. One of the most eminent economists in the world told me privately: "Kishore, they should shut this prize down if they have to give it to people like Paul Krugman."
Paul Krugman once said that the "Asian Economic Miracle" was a myth and asian growth was comparable to that of the Soviet Union. He got Asia completely wrong. So why did the Nobel Economics Prize Committee award this year's prize to Prof. Krugman? Simple! The committee hates United States President George W Bush. It liked Prof Krugman's weekly rants against Mr Bush in The New York Times. This is why they gave him the prize. Politics trumped objedctive calculation
Oh and Kishore also said amongst other things
"...URA is the best urban planning agency in the world"
Taken from Kishore's article "Get to know S'pore's stars" ST 3/12
Paul Krugman once said that the "Asian Economic Miracle" was a myth and asian growth was comparable to that of the Soviet Union. He got Asia completely wrong. So why did the Nobel Economics Prize Committee award this year's prize to Prof. Krugman? Simple! The committee hates United States President George W Bush. It liked Prof Krugman's weekly rants against Mr Bush in The New York Times. This is why they gave him the prize. Politics trumped objedctive calculation
Oh and Kishore also said amongst other things
"...URA is the best urban planning agency in the world"
Taken from Kishore's article "Get to know S'pore's stars" ST 3/12