Thread: Paul Krugman Wins Economics Nobel

Mr. Krugman received the award for his work on international trade and economic geography. In particular, the prize committee lauded his work for “having shown the effects of economies of scale on trade patterns and on the location of economic activity.� He has developed models that explain observed patterns of trade between countries, as well as what goods are produced where and why. Traditional trade theory assumes that countries are different and will exchange different kinds of goods with each other; Mr. Krugman’s theories have explained why worldwide trade is dominated by a few countries that are similar to each other, and why some countries might import the same kinds of goods that it exports.

Anybody have any thoughts on this?

Paul Krugman Wins Economics Nobel - Economix Blog - NYTimes.com

Originally Posted by Blueneck

Anybody have any thoughts on this?

Paul Krugman Wins Economics Nobel - Economix Blog - NYTimes.com

I've referenced him a couple of times in my posts and he is contributor to MSNBC. He is not a big supporter of the current administration and its economic policies. However, I am a little surprised because I didn't think he was a major mover in the field of economics.

Originally Posted by Blueneck

Anybody have any thoughts on this?

Paul Krugman Wins Economics Nobel - Economix Blog - NYTimes.com

Yeah, the Nobel committe continues to show what idiots they are.

Originally Posted by Stinger

Yeah, the Nobel committe continues to show what idiots they are.

Let me guess. Its because he writes for the Times right?

Originally Posted by steezer

Let me guess. Its because he writes for the Times right?

No........................

At first, I thought he looked a little like Steve Carrell. Then after reading some of his work, it seemed fitting since his economic ideas are a joke. The biggest mistake our government has made in the past few months? According to him, it's NOT bailing out Lehman. How could someone who professes an economic policy that fails over and over (socialism) be awarded this prize?

On an aside, the NYT seems to censor their comments section. I posted roughly the same I did here (even a little nicer) and it was removed shortly. Another post that had pointed out that this is not a real Nobel prize was also removed. How democratic.