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Paul Krugman takes Nobel economics prize

Well-known New York Times columnist and Princeton professor of economics Paul Krugman has been awarded the 2008 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Krugman, 55, was recognized for his work on trade theory on the economies of scale. "In the context of both foreign trade and economic geography, the objective is to explain what goods are produced where," Sweden's Royal Academy of Sciences noted in a press release. "Theories of economic geography also attempt to specify the forces whereby labor and capital become located in certain places and not others."

Work on broken symmetry garners Physics Nobel

Three men who study broken symmetry -- the phenomenon that "conceals nature’s order under an apparently jumbled surface," according to the Nobel Foundation -- have won the Nobel Prize in Physics: Yoichiro Nambu, of the University of Chicago; Makoto Kobayashi, of the High Energy Accelerator Research Organization (KEK), Tsukuba, Japan; and Toshihide Maskawa, of the Yukawa Institute for Theoretical Physics (YITP), Kyoto University, Kyoto, Japan.

Broken symmetry has become an important underpinning of particle physics. You can read more about Kobayashi and Maskawa's work here.


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