In a recent conversation I was told that Krugman was a silly academic (like myself) who had no experience in the real world and so his Keynesian analysis could not be taken seriously. I'm not sure what counts and real and what doesn't, or that I want to have a discussion about this, but the document below points out something interesting, of the talking heads we usually hear from, Krugman has an excellent prediction rate. This doesn't mean that we need to take the word of Krugman as gospel, but his accuracy would seem to indicate that his analyses cannot be dismissed.
Here is a piece that I wrote for openDemocracy on austerity, political legitimacy and the current political crisis facing Europe:
'Severe austerity measures cause malnutrition, homelessness and suicides across southern Europe. European institutions that apparently fail to protect their citizens from harm lose their legitimacy. The pro-European left should defend the values, not the institutions, of Europe and the quality of life of all its inhabitants'
You can follow the link above or read and download the paper from Scribd below