Last Monday Paul Krugman won this year's Nobel Prize in Economics, the most prestigious award in the field, for his contributions to new trade theory (summarized by Krugman, by the Prize Committee). As always there are some critics and I'm not the right person to judge them, but Krugman was the one I prefered among the the candidate list. I really enjoyed reading his textbook on International trade (with Obstfeld) and some of his op-eds. Congratulations!
See also his speech in Princeton's cerimony.
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