New spin zone

My co-author, and the rest of the blogosphere, have rightfully given Krugman props on his Nobel. A little contrarian thinking for you all.

Paul Krugman

I am considerably late to the tea party on this one, but I'd like to extend my sincere congratulations to Dr. Paul Krugman, a true giant in the field of international trade theory, for winning the Nobel Prize in Economics. His work on strategic trade, economic geography, and the role of economies of scale have all been integral to my own understanding of how trade actually works. On top of everything else, he is a remarkably gifted communicator with a knack for explaining the extraordinarily complex in lucid terms. I don't want to voice an opinion on the politics of this decision. Others have already analyzed this angle quite well. But whatever the Committee's motivation regarding timing, Dr. Krugman clearly earned the Nobel Prize based on his own economic merits.