04/16/2014 12:14 pm ET Updated Apr 16, 2014

Income Inequality Institute Will Pay Paul Krugman $25,000 Per Month

Jeff Zelevansky via Getty Images

According to a formal offer letter obtained under New York’s Freedom of Information Law, CUNY intends to pay Krugman $225,000, or $25,000 per month (over two semesters), to “play a modest role in our public events” and “contribute to the build-up” of a new “inequality initiative.” It is not clear, and neither CUNY nor Krugman was able to explain, what “contribute to the build-up” entails.

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