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Krugman picks up Nobel prize for Economics

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Krugman picks up Nobel prize for Economics

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American economist Paul Krugman has been awarded the 2008 Nobel prize for economics.
The Royal Swedish Academy of Sciences said the prestigious prize recognised Krugman’s
formulation of a new theory to answer questions driving world-wide urbanisation.

Krugman is a professor of economics and international affairs at Princeton University in the United States.