I think people need to understand that being a Nobel Prize winner (of economics or any other field), doesn't make you a general expert on all things economics / other field.
Usually, the person won a Nobel prize because they made a contribution that significantly advances the particular specialty that they're in. But it doesn't mean that have a better sense of the overall economy than anyone else. In fact, they may have less general wisdom because their expertise is so specialized.
It would be like some guy who made an incredible innovation on the landing gears of a plane, but then expecting that person to know everything about aviation including how airports are organized and labor market issues for pilots and stewardesses.
Krugman is especially egregious.
I think people need to understand that being a Nobel Prize winner (of economics or any other field), doesn't make you a general expert on all things economics / other field.
Usually, the person won a Nobel prize because they made a contribution that significantly advances the particular specialty that they're in. But it doesn't mean that have a better sense of the overall economy than anyone else. In fact, they may have less general wisdom because their expertise is so specialized.
It would be like some guy who made an incredible innovation on the landing gears of a plane, but then expecting that person to know everything about aviation including how airports are organized and labor market issues for pilots and stewardesses.