Paul Krugman Wins 2008 Nobel Prize for Economics

The Swedes may not like our novelists and poets but apparently our economists (and Op-eders) are great. Reuters is reporting that New York Times columnist and Princeton professor Paul Krugman has been awarded the 2008 Nobel prize for economics. The $1.4 million prize “recognised Krugman’s formulation of a new theory to answer questions driving world-wide urbanisation.”