Monday, October 13, 2008

Krugman won the Nobel Prize!!

Krugman was one of what I first read when I was an undergraduate student. Galbraith, Krugman, and Mankiw were my best teachers and made me seek for an advanced research of economics.

However, he didn't win the Prize for his macroeconomics, but for his contributions to international economics and economics of geography.

Anyway, I was so surprised at this news and want to say to Professor Krugman, "congratulations!"

Princeton's Paul Krugman wins Nobel in economics--UPDATED 9:18 AM
by Ruth Stevens · Posted October 13, 2008; 07:38 a.m.

Paul Krugman, a professor of economics and international affairs at Princeton since 2000, has won the 2008 Nobel Prize in economics.

Krugman, the only winner this year, was recognized "for his analysis of trade patterns and location of economic activity."

In addition to teaching and conducting research at Princeton, Krugman writes a column for The New York Times.

"It's deeply gratifying," said Krugman early this morning. "There is so much shock involved that I can't really sort out. I think it will take a few days before I can assess it."

Anne-Marie Slaughter, dean of the Woodrow WIlson School of Public and International Affairs, said, "Paul Krugman has been at the cutting edge of research on the most important phenomenon of our time: policymaking in the face of rapid and seemingly inexorable globalization. At the same time, he is one of our most visible faculty members in the public sphere, actively engaging critical public policy debates. We congratulate him heartily, honoring him as the school's second Nobel laureate in economics in only six years."

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