Monday, October 13, 2008

Sveriges Riksbank Prize in Economic Sciences

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel will be awarded to economist Paul Krugman "for his analysis of trade patterns and location of economic activity". With the world experiencing its worst financial crisis since the Great Depression, this choice of Krugman is sure to be of great interest. The Princeton professor and New York Times columnist/blogger is known as politically liberal and has been the occasional subject of criticism/controversy.

New Trade Theory, generally ascribed to Krugman, is at the center of the prize.

(image credit: npr)