Paul Krugman, who writes a bi-weekly column in The Hindu The New York Times, has won the Nobel Prize for Economics. Mr. Krugman is a Professor of Economics at Princeton University.
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.” (NYT)
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