Nobel prize goes to Paul Krugman

The nobel prize for economics has this week been awarded to Paul Krugman for his work on 'new trade theory'. Krugman, professor of economiccs at Princeton University, has done much to popularise economics writing a regular column in the New York Times and publishing accessible books such as The Accidental Theorist - a collection of short essays in which he exposes bad economic ideas with a sharp pen. Krugman's columns in the New York Times have recently taken a dim view of the US response to the financial crisis and included savage attacks on the outgoing Bush administration.

You can find out more about Krugman by reading this short article from the FT.