By THE ASSOCIATED PRESS
STOCKHOLM, Sweden — The American economist Paul R. Krugman won the Nobel economics prize on Monday October 13 2008, for his analysis of trade patterns and location of economic activity.
Mr. Krugman, 55, a professor at Princeton University in New Jersey and a columnist for The New York Times, formulated a new theory to answer questions about free trade, the Royal Swedish Academy of Sciences said.
“What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions,” the academy said in its citation.
“He has thereby integrated the previously disparate research fields of international trade and economic geography,” it said.
Mr. Krugman was the lone of winner of the 10 million kronor ($1.4 million) award, the latest in a string of American researchers to be honored.
The award, known as the Nobel Memorial Prize in Economic Sciences, is the last of the six Nobel prizes announced this year and is not one of the original Nobels. It was created in 1968 by the Swedish central bank in Nobel’s memory.
http://www.nytimes.com/2008/10/14/business/14nobel.html?sq=paul%20krugman%20wins%20nobel%20prize&st=cse&scp=4&pagewanted=print
Paul Krugman joined The New York Times in 1999 as a columnist on the Op-Ed Page and continues as professor of Economics and International Affairs at Princeton University.
Mr. Krugman received his B.A. from Yale University in 1974 and his Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford. At MIT he became the Ford International Professor of Economics.
Mr. Krugman is the author or editor of 20 books and more than 200 papers in professional journals and edited volumes. His professional reputation rests largely on work in international trade and finance; he is one of the founders of the "new trade theory," a major rethinking of the theory of international trade. In recognition of that work, in 1991 the American Economic Association awarded him its John Bates Clark medal, a prize given every two years to "that economist under forty who is adjudged to have made a significant contribution to economic knowledge." Mr. Krugman's current academic research is focused on economic and currency crises.
At the same time, Mr. Krugman has written extensively for a broader public audience. Some of his recent articles on economic issues, originally published in Foreign Affairs, Harvard Business Review, Scientific American and other journals, are reprinted in Pop Internationalism and The Accidental Theorist.
Copyright 2008 The New York Times Company
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For the past several years it has been my privilege to read and post articles written by Paul Krugman on my blogs. Much of my economic information has come from Paul Krugman and Robert Reich. This is the 11th post on this blog by or about Paul Krugman.
Tom
Nobel Prize-Related Articles and Highlights From the Archive
The Great Illusion
By PAUL KRUGMAN
The conflict in the Caucasus may be an omen. Will nationalism kill globalization — again?
August 15, 2008OpinionOp-EdFuels on the Hill
By PAUL KRUGMAN
Why are politicians so eager to pin the blame for oil prices on speculators? Because it lets them believe that we don’t have to adapt to a world of expensive gas.
June 27, 2008OpinionOp-EdStranded in Suburbia
By PAUL KRUGMAN
With rising oil prices leaving many Americans stranded in suburbia, it’s starting to look as if Berlin, a city of trains, buses and bikes, had the better idea.
May 19, 2008OpinionOp-EdRunning Out of Planet to Exploit
By PAUL KRUGMAN
Will limited supplies of natural resources pose an obstacle to future world economic growth?
April 21, 2008OpinionOp-EdDon’t Cry for Me, America
By PAUL KRUGMAN
Although we won’t have the kind of financial death spiral Argentina experienced, the next year or two could be quite unpleasant.
January 18, 2008OpinionOp-EdThe Comeback Continent
By PAUL KRUGMAN
The next time a politician tries to scare you with the European bogeyman, bear this in mind: Europe’s economy is doing O.K.
January 11, 2008OpinionOp-EdTrouble With Trade
By PAUL KRUGMAN
For the sake of the world as a whole, I hope that we respond to the trouble with trade not by shutting trade down, but by doing things like strengthening the social safety net.
December 28, 2007OpinionOp-EdColumns
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Franklin Delano Obama?
Barack Obama’s chances of leading a new New Deal depend largely on whether his short-run economic plans are bold enough. Progressives can only hope that he has the necessary audacity.
November 10, 2008The Obama Agenda
Right now many commentators are urging Barack Obama to think small. Let’s hope he has the good sense to ignore their advice.
November 7, 2008The Republican Rump
The Republicans’ long transformation into the party of the unreasonable right seems likely to accelerate as a result of the impending defeat.
November 3, 2008When Consumers Capitulate
Sooner or later, American consumers were going to have to pull in their belts. But the timing of the new sobriety is deeply unfortunate.
October 31, 2008The Widening Gyre
The troubles in the banking system, hedge funds and emerging markets are mutually reinforcing. Bad news begets bad news, and the circle of pain just keeps getting wider.
October 27, 2008Desperately Seeking Seriousness
As the economic scene has darkened, Americans have rediscovered the virtue of seriousness. And this has worked to Barack Obama’s advantage.
October 26, 2008Let’s Get Fiscal
To get out of the economic slump, the next president should increase government spending and put the concerns about the budget deficit on hold.
October 17, 2008Gordon Does Good
With stunning speed, the British government defined the character of the worldwide rescue effort. Now other wealthy nations have to catch-up.
October 13, 2008Moment of Truth
If a new rescue plan is not announced this weekend, the world economy may experience its worst slump since the Great Depression.
October 10, 2008Health Care Destruction
Republicans still hate Medicare and have not been able to kill it. Since that is out, John McCain is going after insurance of nonelderly Americans instead.
October 6, 2008
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