Krugman Wins Nobel Prize in Economics

Paul Krugman, renowned trade economist at Princeton University and regular columnist for the New York Times, won the Nobel Prize in Economics this morning for his work on economies of scale and its effect on trade patterns and the location of economic activity. This is bread and butter Krugman, of course - but the announcement also noted his role as an "opinion maker" through his books and his writing for the New York Times.

This should be an interesting platform for Krugman to continue to discuss the financial crisis and the bailout, which he has had some very strong opinions on.

Congratulations Paul! This is very, very well deserved.