Unreal. Hopefully any contributions Mr. Krugman produces will be met with retorts of hypocrisy accompanied by this article. Income inequality is nothing more than the Democrats attempt to shift public discourse from the train wreck that is Obamacare, AKA the Unaffordable Care Act, leading up to the 2014 elections.
Being a “distinguished professor” of economics at the City University of New York is nice work if you can get it. “During year-one,” the boss explains in a letter to the new hire, “you will not be expected to teach or supervise students.” In subsequent years, “you will teach one seminar per year.” In addition, the boss informs the distinguished professor that he “will play a modest role in our public events” and “will be asked to contribute to the buildup” of one of the university’s programs.
The pay is $225,000 a year, plus a $10,000 expense budget–and the distinguished prof gets summers off.
Gawker.com reports that CUNY’s new distinguished professor is none other than former Enron adviser Paul Krugman. The program he’ll be helping build up in exchange for this generous compensation is the Luxembourg Income Study Center and particularly its “inequality initiative.”