ECONOMIST Paul Krugman, a fierce critic of the Bush Administration, has won the 2009 Nobel prize for economics.
Read about Paul Krugman in the "Marginal Revolution - Small steps toward a much better world".
Mr. Krugman received the award for his work on international trade andeconomic geography. In particular, the prize committee lauded his workfor "having shown the effects of economies of scale on trade patternsand on the location of economic activity." He has developed models thatexplain observed patterns of trade between countries, as well as whatgoods are produced where and why. Traditional trade theory assumes thatcountries are different and will exchange different kinds of goods witheach other; Mr. Krugman's theories have explained why worldwide tradeis dominated by a few countries that are similar to each other, and whysome countries might import the same kinds of goods that it exports.
Krugman's theory shows that globalisation tends to increase pressureson urban living, sucking people into centres of concentration."Krugman's theories have shown that the outcome of these processes canwell be that regions become divided into a high-technology urbanisedcore and a less developed periphery," the jury said.
The Paul Krugman blog.
In view of the current situation, watch this.
Below, the Authors@Google event took place December 14, 2007 at Google Headquarters in Mountain View, CA.
Read about Paul Krugman in the "Marginal Revolution - Small steps toward a much better world".
Mr. Krugman received the award for his work on international trade andeconomic geography. In particular, the prize committee lauded his workfor "having shown the effects of economies of scale on trade patternsand on the location of economic activity." He has developed models thatexplain observed patterns of trade between countries, as well as whatgoods are produced where and why. Traditional trade theory assumes thatcountries are different and will exchange different kinds of goods witheach other; Mr. Krugman's theories have explained why worldwide tradeis dominated by a few countries that are similar to each other, and whysome countries might import the same kinds of goods that it exports.
Krugman's theory shows that globalisation tends to increase pressureson urban living, sucking people into centres of concentration."Krugman's theories have shown that the outcome of these processes canwell be that regions become divided into a high-technology urbanisedcore and a less developed periphery," the jury said.
The Paul Krugman blog.
In view of the current situation, watch this.
Below, the Authors@Google event took place December 14, 2007 at Google Headquarters in Mountain View, CA.
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