Paul Krugman wins the Nobel prize in economics for his work on trade patterns and location of economic activity.
Krugman is a Princeton University professor and New York Times columnist. He has been an unrelenting critic of Bush administration policies. He also writes a blog called The Conscience of a Liberal where he modestly notes today “a funny thing happened to me this morning.”
The 55-year-old economist is the sole winner of the 10 million kronor ($1.4 million) award. This is only the second time since 2000 that a single laureate won the prize, which is typically shared by two or three researchers.
Below you can watch an exchange between Krugman and MSNBC’s Keith Olbermann.