Paul Krugman was awarded the Nobel Memorial Prize in Economic Sciences. He was commended for his research on the effect of globalization on international free trade, a work titled New Trade Theory.
Paul Krugman, a Princeton University professor and columnist for the New York Times, examined details like the impact of increased urbanization on economic geography.
The Nobel Prize committee said “By having integrated economies of scale into explicit general equilibrium models, Paul Krugman has deepened our understanding of the determinants of trade and the location of economic activity.”
As as a tribute to his award, here is a slide show on some innovations we’ve seen in globalization and economics, some of which tie into the credit crunch, such as the rise in freeconomics.
Paul Krugman Wins Nobel Prize in Economic Sciences
A Move for an Oil-Free Economy
Abu Dhabi Nuclear Programme
International Business in 2008
5 Ways Companies Can Make Money In The Middle East
Freeconomics & Food 2
Ben & Jerry Give Out Free Ice Cream
Potomac Energy Project
Freeconomics of Music
Coldplay's Next Single is Free
Surviving Without "Made in China"
Family Goes 1 Year Without Chinese Goods
Ancient Culture Meets Electronic Music
Amerindians In Bogota
Cheaper Lending and Borrowing Without Banks!
Shift Happens by Karl Fisch
Benetton's Global Campaign to Support Birima
Wired Gives Out Free Magazines
Microlending To Entrepreneurs
Richard Branson Launches Virgin Money
Credit Crunch Business Profanity
The Economist September 2008 Spoof
Online Communities to Surpass Porn
Economist Suggests Shift in Web Usage
Microlending Credit Cards
KivaB4B Doubles Grants
Economic Insight Through Fashion
Designers Echo Economy
MBAs Without Borders
Chinese Government Bans Western Adult Pop Culture Items
Freeconomics & Food
McDonalds Gives Out Free McSkillet Burritos
5 Jobs Created By Global Warming
Careers For Climate Change
World Hubs in 2025
Flags Represent Real World Facts
Meet the World Flags