Princeton University professor and NY Times blogger, Paul Krugman, has been awarded the 2008 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. According to the press release, Krugman is being recognized "for his analysis of trade patterns and location of economic activity"
Ironically, Krugman's work on international trade showing that trade can make things worse has been cited by policy makers trying to justify protectionism. Krugman, however, advocates a liberal trade policy, unlike many Democrats, including one Senator seeking higher office. See How do the candidates vote on trade issues?