Paul Krugman is taking issue with his Nobel Prize-winning colleague's argument about income inequality.
Krugman, responding to a column by Joseph Stiglitz arguing that inequality is slowing the economic recovery, wrote that he "can't see how this works." Though Krugman describes Stiglitz as "an insanely great economist," he says, he's not convinced "this particular morality tale is right."
"I wish I could sign on to this thesis, and I'd be politically very comfortable if I could," Krugman wrote in a blog post Sunday. "But I can't see how this works."
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