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."
Deadline: Dec 11 2013
Reward: $52,000 USD
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