Oct 13, 2008
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."
Oct 10, 2008 | 1
ScientificAmerican.com was up early again this morning checking the Nobel Prize Web site, waiting for the peace prize announcement. If you're wondering why, you'll recall that science and the environment have played a role in two of the last three Nobel Peace Prizes: Last year’s award to the U.N. Intergovernmental Panel on Climate Change and Al Gore, and the 2005 prize to Mohamed ElBaradei and the International Atomic Energy Agency.
Although this year's winner's achievements are profound and inspiring, it’s hard to discern a connection to science. Martti Ahtisaari takes the 2008 Nobel Peace Prize "for his important efforts, on several continents and over more than three decades, to resolve international conflicts."
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