Paul Krugman, who is quoted pretty liberally (tee hee) around these parts, has won the Nobel Prize for Economics. He was the sole winner of the prize normally shared by two or three economists, meaning that the Krug (as I like to call him [because I’m really imaginative]) gets to keep the cool $1.4 mil prize all to himself. He won for his dismal scientific merit, of course, not for his opinions, but I still hope more people avail themselves of his wisdom. After all, this proves he’s really, really smart! How smart is he? Not only did he get a PhD just three (3!) years after earning his Bachelor’s, but:
The Bush administration would not comment Monday on whether Krugman would be invited to the White House as is custom with American Nobel laureates.
You know you’re on the right track when the enemies of knowledge and wisdom – or, as he has put it, “the party of the stupid” – don’t want you to come to dinner. Right on, Paul. He didn’t win for that, though. Here’s what the committee had to say about his work:
The Royal Swedish Academy of Sciences praised Krugman for formulating a new theory to answer questions about free trade and said his theory had inspired an enormous field of research.
‘What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions,’ the academy said in its citation.
‘He has thereby integrated the previously disparate research fields of international trade and economic geography,’ it said.”
You can read more about it on his blog, The Conscience of a Liberal. All I can say is, Congratulations!