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Income Inequality Institute to Pay Paul Krugman $225,000 to Talk About…Income Inequality

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"I admit that I had to read it several times to be clear..."

American economy Nobel Prize laureate Paul Krugman, right, is awarded an Honoris Causa degree by Lisbon University, Lisbon Technical University and Lisbon Nova University Monday, Feb. 27, 2012 in Lisbon. Francisco Seco/AP

The City University of New York will pay economist and New York Times columnist Paul Krugman an estimated $225,000 over the course of nine months to participate in certain activities involving the school’s Graduate Center and Luxembourg Income Study Center.

American economy Nobel Prize laureate Paul Krugman, right, is awarded an Honoris Causa degree by Lisbon University, Lisbon Technical University and Lisbon Nova University Monday, Feb. 27, 2012 in Lisbon. Francisco Seco/AP American economist Paul Krugman will be paid nearly $300,000 to engage in activities involving the City University of New York's ongoing examination of "income inequality." (AP)

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