15 November 2008

Dixit's ode to Krugman

[Dixit] once told young economists that a good place to have ideas was in front of the shaving mirror. Krugman has a beard. Imagine, quipped Dixit, how much he could have achieved if he shaved!

Yes, Dixit as in the Dixit-Stiglitz model. And »here's how beardy Krugman is.

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