Krugman wins Nobel Prize in Economics

The 2008 Nobel Prize in Economics goes to Paul Krugman "for his analysis of trade patterns and location of economic activity".

I think this will come as a surprise to many, particularly since he's winning it alone. Most economists guessed he would win it someday, but assumed he would share it with one of his redoubtable co-authors. Helpman, perhaps. Given his political bent and coming on the heels of Gore's win last year, you can count on renewed suspicion of the Nobel committee's "impartiality". Stay tuned...