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October 13, 2008By Michael Cader

Nobel Bonus for Norton: Economics Prize to Krugman

October 13, 2008By Michael Cader

Paul Krugman has won the Nobel for economics for “his analysis of how economies of scale can affect trade patterns and the location of economic activity.” In the citation, the Academy says: “What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions. He has thereby integrated the previously disparate research fields of international trade and economic geography.” Norton published Krugman’s THE CONSCIENCE OF A LIBERAL in fall 2007.AP

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