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View Full Version : Krugman Wins Economics Nobel



Virgil
10-13-2008, 08:35 AM
http://www.nytimes.com/2008/10/14/business/economy/14econ.html?_r=1&hp&oref=slogin

By CATHERINE RAMPELL
Published: October 13, 2008

Paul Krugman, a professor at Princeton University and an Op-Ed columnist for The New York Times, was awarded the Nobel Memorial Prize in Economic Sciences on Monday.

“It’s been an extremely weird day, but weird in a positive way,” Mr. Krugman said in an interview on his way to a Washington meeting for the Group of Thirty, an international body from the public and private sectors that discusses international economics. He said he was mostly “preoccupied with the hassles” of trying to make all his scheduled meetings on Monday and answer a constantly ringing cellphone.

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.”

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greencrow
10-14-2008, 12:17 AM
That this journeyman gatekeeper journalist from the discredited NYT was also a Nobel prize-winning eonomist.

gc

Virgil
10-14-2008, 05:14 AM
The first plan of buying troubled assets in what was said would be a reverse auction has given way to taking stock for injected capital. There is a 21 minute video on C-Span outlining the new treasury solution- rtsp://video1.c-span.org/project/economy/econ101308_kashkari.rm

The new rescue plan was outlined by Treasury's Kashkari and that video can be seen at TheBigPicture with comments - http://bigpicture.typepad.com/comments/2008/10/video-treasurys.html