Mazel­tov — we’ve won a No­bel Prize

The Jewish Chronicle - - News - BY AN­SHEL PF­EF­FER

PRINCE­TON UNI­VER­SITY pro­fes­sor and New York Times colum­nist Paul Krugman has been awarded the 2008 No­bel Prize in eco­nomics. The Royal Swedish Academy of Scie n c e s c r e d i t e d him with “hav­ing shown the ef­fects of economies of scale on trade pat­terns and on the lo­ca­tion of eco­nomic ac­tiv­ity”, adding: “His ideas have given rise to an ex­ten­sive re­ori­en­ta­tion of the re­search on th­ese is­sues.”

While the prize was given to him for re­search and writ­ing done over the past three decades, Mr Krugman is more widely known for the col­umn he has writ­ten for the past eight years on the New York Times ed­i­to­rial pages

In those col­umns he has been ex­tremely crit­i­cal of the Bush ad­min­is­tra­tion’s fis­cal poli­cies. This week, he posed the ques­tion whether Prime Min­is­ter Gor­don Brown “saved the world” with his bail-out plan.

The an­swer is pre­ma­ture, he wrote, but “what we do know, how­ever, is that Mr Brown and Alis­tair Dar­ling… have de­fined the char­ac­ter of the world­wide res­cue ef­fort, with other wealthy na­tions play­ing catch-up.”

Some 170 Jewish aca­demics, writ­ers and states­men have been awarded the No­bel Prize since its in­cep­tion in 1901, over 20 per cent of the to­tal

num­ber of re­cip­i­ents.

PHOTO: AP

Krugman: a Jewish win­ner

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