2008-11-13

The photo shows Krugman September 13, 1999 in Stockholm to attend the press conference of the photo. XinHua News Agency / Reuters

XinHua Stockholm on October 13 electricity Royal Swedish Academy of Sciences announced on the 13th, 2008 will be awarded the Nobel Prize in economics at Princeton University economist Paul Krugman  in recognition of his analysis of the pattern of international trade and economic Geographical activities in areas such as the contribution made.

Royal Swedish Academy of Sciences said in a statement that the integration of previously Krugman economists in international trade and economics, geography research, free trade, globalization and the worldwide promotion of the process of urbanization causes the formation of a theoretical context.

According to the well-known Swedish chemist and inventor Alfred explosive nitroglycerin  Bernhard Nobel (1833-1896) set in 1895 will, of the Nobel Prize in Chemistry only the physics prize, the prize for literature , Medicine and the Peace Prize. Nobel Prize in Economics is the Central Bank of Sweden in 1968 in memory of Nobel and the addition of the 1969 prize for the first time.

Nobel Prize in Economics was awarded to a single individual can also be the largest share by 3, its main purpose is to commend the officers concerned in macroeconomics, microeconomics, economic analysis of the new methods in the field for their contributions.

Each Nobel prize this year is still SEK 10,000,000 (about 1,400,000 U.S. dollars).

Source: XinHua (October 13, 2008)