By Bruce B. Brugmann
I read the fleeting news break headline on the television monitor at the gym this morning. Paul Krugman, an op ed columnist for the New York Times, on Monday had been awarded the Nobel Memorial Prize in Economic Sciences.
The Times story said the prize committee lauded Krugman for “having shown the effects of economies of scale on trade patterns and on the location of economic activity.” And it went on to explain that Krugman had “developed models that explain observed patterns of trade between countries, as well as what goods are produced and why.”
That is all quite appropriate. But I think Krugman deserved this kind of recognition for the superb op ed column he has been doing in the Times since l999. On
Click here to read Paul Krugman’s column from today’s New York Times.
Click here to read the New York Times story on Krugman’s Nobel prize win.