March 8, 2010 § Leave a comment
I really like these descriptions but it highlights for me why I am so drawn to psychoanalysis and literature. The increased depth and awareness of the cloudiness of real life. Harder to deal with but intrinsically more interesting to me. It is the loss of cultural awareness of that murkiness and importance that i find so discouraging, and motivating.
Translating unmappable facts into economic discourse, it turned out, was what Krugman was better at than anyone else: he could take an intriguing notion that had come up in real-world discussions, pare away the details (knowing just what to take out and what was essential), and refine what was left into a clean, clever, “cute” (as he liked to put it), and simple model. “It’s poetry,” Kenneth Rogoff, an economist at Harvard, says. “I mean, you go back to his first book and there was this beautiful chart about what the Volcker contraction did to output that swept aside so much—he just drew this little graph which really cleared the air. I’ve heard economists use the word ‘poet’ in describing him for decades.”