Paul Krugman, Princeton economics professor, NYT editorialist and harsh Bush critic has won the Nobel Prize for Economics.
Nice to see someone you totally agree with be officially recognized as really really smart. Note that as much as I agree with his political commentary, he won the Nobel for his work on international trade and economic geography. My understanding is his work deals with the question of why similarly countries with similar levels of development engage in so much trade.
Update: Here are some completely incomprehensible (to me) white board equations of Krugman's Theory.
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