Paul Krugman wins the Economics Nobel Memorial prize

Mr. Krugman was awarded the Nobel Memorial prize on monday. He is a professor at Princeton and has a regular Op-Ed column in the New York Times since 2000. His column has gotten him strong supporters and critics as he is a growning pain to President Bush and now Senator McCain. He was awarded the prize for his academic reserach that began in 1979 about world trade patterns and where and why goods are produced. He said in an interview monday,"to be absolutely, totally honest, I thought this day might come some day, but I was absolutely convinced it wasn't going to be this day." He says he doesn't expect this prize to influence the way his colleagues or critics see him or his work. He began his writting career writting about economics in Slate magazine and Forbes in the 1990's. Now his columns are more centered around politics and his academic works around international finance and trade. The prize is the last of the 6 Nobels to be given out this year. While the economics prize was not one of the original Nobel awards, it was added by a Swedish bank in Alfred Nobel's memory, hence the name Economics Nobel Memorial prize. The prize includes a total of about $1.4 million. While there may be critics there are always the supporters. Paul A. Samuelson, a previous winner said,"I praise today's prize as being deserving and even overdue, but more than that I reproach the Pulitzer prize committee, which owed him at least a couple of prizes in the past. Paul Krugman is the only columnist in the United States who has had it right on almost every count form the beginning."