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Paul Krugman, a professor at Princeton University and The New York Times op-ed columnist, was awarded the Nobel Memorial Prize in Economic Science Monday.
“This is a very strange day, but strange in a positive way,” Mr Krugman said in an interview that his way of a meeting of the Group of Thirty, an international body of public and private sectors, To discuss international economics.
Mr. Krugman received awards for his work on international trade and economic geography. In particular, the prize committee praised his work “to show the impact of economies of scale and location of the trade pattern of economic activity.” He has developed the model can explain the observed pattern of trade between the countries, as well as what the production of goods and location Reasons. Traditional trade theory, different countries and the exchange of different types of goods with each other, Mr. Krugman’s theory explains why the World Trade mainly by a handful of countries similar to each other, why is it that some countries may import the same types of goods, and its Exports. Paul Krugman
Mr. Krugman has been a New York Times op-ed columnist since 1999. A collection of his recent columns can be found here.

In 1991, Mr. Krugman received the John Bates Clark Medal, given every two years, prize money, “according to the economist who was convicted of the 43rd made a significant contribution to the knowledge economy.”

Mr. Krugman continues to teach at Princeton University. This semester, Mr. Krugman is a graduate-level education curriculum of the international monetary theory and policy, covering themes such as timely international liquidity crisis. According to Princeton University’s Web site, 4 students are currently studying in class. In recent years, he taught international trade and the welfare state.

Monday’s ruling is final 6 awards, rather than the original one Nobel Prize, founded in 1968 by the Central Bank of Sweden in memory of Alfred Nobel. Mr. Krugman is the only awards, including the prize money of about 1,400,000 U.S. dollars.