Krugman Wins the Nobel Prize
Congratulations to Paul Krugman, who has won this year’s Nobel Prize in economics!
Although most Americans know him best as a firebrand liberal New York Times columnist, in an earlier incarnation he did truly great work in economics revitalizing the study of trade and geography.
While many economists will be surprised that he won the prize so young (age 55) and alone (instead of with other economists like Jagdish Bhagwati), I think most economists will think he was a good choice — despite the fact that it aggravates many academics that he has taken such a partisan role in the public debate.
His first quote: “It’s a total surprise.”
I look forward to seeing photos from today’s press conference to see when he got his last haircut.