Jurnalenicolae's blogNobel Prize in Economics, 2008 (Sveriges Riksbank Prize)
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 awarded Paul Krugman "for his analysis of trade patterns and location of economic activity".
The Nobel Memorial Prize in Economic Sciences, officially named The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an award for outstanding contributions in the field of economics and is generally considered one of the most prestigious awards in that field. It is commonly referred to as the Nobel Prize in Economics and it is identified with the Nobel Prizes, although it is not one of the five Nobel Prizes (in Physics, Chemistry, Physiology or Medicine, Literature, and Peace) which were established by the will of Alfred Nobel in 1895.
Paul Robin Krugman (born February 28, 1953) is an American economist, columnist, author, and intellectual. He is professor of economics and international affairs at Princeton University, and is also a columnist for The New York Times, writing a blog and a twice-weekly op-ed column for the newspaper since 2000.
Krugman is well known in academia for his work in trade theory and for his textbook explanations of currency crises and New Trade Theory. His best known work provides a model in which firms and countries produce and trade because of economies of scale. He was a critic of the "New Economy" of the late 1990s. Krugman also criticized the fixed exchange rates in East and Southeast Asia, and Thailand's economic policies before the 1997 East Asian financial crisis. Just before the 1998 Russian financial crisis, he also criticized investors such as Long-Term Capital Management whose profits depended on the maintenance of fixed exchange rates. Krugman is generally considered a neo-Keynesian economist, with his views outlined in his books such as Peddling Prosperity. Krugman's International Economics: Theory and Policy (currently in its eighth edition) is a standard textbook on international economics without calculus. In 1991, he was awarded the John Bates Clark Medal by the American Economic Association. According to IDEAS/RePEc, he is among the 50 most influential economists in the world today. (Wikipedia)
Video: Authors@Google: Paul Krugman (In "The Conscience of a Liberal", Paul Krugman, today's most widely read economist, studies the past eighty years of American history, from the reforms that tamed the harsh inequality of the Gilded Age to the unraveling of that achievement and the reemergence of immense economic and political inequality since the 1970s.)
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