Wednesday, July 4, 2018

Paul Krugman Receives Nobel Prize for His Work in Economic-Geography

From The Royal Swedish Academy of Sciences:
Patterns of trade and location have always been key issues in the economic debate. What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions. He has thereby integrated the previously disparate research fields of international trade and economic geography.