| |
| |
![]() |
| |
|
| |
|
| |
|
STOCKHOLM: Paul Krugman of the United States won the 2008 Nobel Economics Prize on Monday for "analysis of trade patterns and location of economic activity," the Nobel jury said.
Krugman, 55, has formulated a new theory that determines the effects of free trade and globalisation, as well as the driving forces behind worldwide urbanisation, the citation said.
He is known as a virulent critic of President George W. Bush through his articles in the New York Times, and is the author of dozens of books and several hundred articles, primarily about international trade and global finance.
After learning that he won the Nobel, Krugman said winning the prestigious honour would be a life-changing experience – at least temporarily.
"It obviously will seriously warp my next few days," Krugman told Swedish television by telephone from Washington immediately after the prize announcement.
"I hope that two weeks from now, I'm back to being pretty much the same person I was before," he said, adding: "I'm a great believer in continuing to do work. I hope it doesn't change things too much."
Born February 28, 1953, in Long Island, New York state, Krugman gained his Ph.D. at the Massachusetts Institute of Technology (MIT) and is currently professor of economics and international affairs at Princeton University.
He has also taught at Yale University, the London School of Economics, Stanford, and MIT. Among his best-known works are "Peddling Prosperity" and "International Economics: Theory and Policy".
He is also nationally known for his twice-weekly columns in The New York Times, in which he often skewers the Bush administration's foreign and domestic policies. He also writes monthly columns in Fortune Magazine and Slate. He has served on the US Council of Economic Advisers.
He was the recipient of the 1991 John Bates Clark Medal, an award given every two years by the American Economic Association to an economist under 40.
- AFP/so
|
