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Listed below are links to weblogs that reference Who Will Win the 2005 Economics Nobel?:

» Any guesses on the Nobel? from William J. Polley
The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel will be announced on Monday. Since it is such popular sport to take a guess, I'll venture a couple of thoughts. International economics should be due for... [Read More]

» Nobel Prize (again) from De Gustibus Non Est Disputandum
I am re-posting this from the beginning of this week. Today I sent an email to several economic bloggers asking them about the Nobel Prize. Essentially, I asked: who should win the prize and why? Professor James Hamilton (our favorite... [Read More]

Comments

Michael Stastny

"Mincerian Wage Equation"

:-D

USD

What are the chances of Paul Krugman ?

Dave Tufte

After last year I think they might be quite good.

It was a big surprise (to me, at least) for them to jump over a bunch of deserving theorists from the early 70s into a second wave from the late 70s and early 80s. I was also surprised that they jumped over people who'd made fundamental contributions to a broader field to pick two people who made the initial conbtribution to a more focused field. That is precisely what Krugman did in trade, so if there is a voting philosophy moving in that direction, I'd say he's a lock in the next couple of years. Of course, he's a lock anyway, within 20 years.

Krugman's contribution is just immense. He's done a lot of work in a lot of areas, but what he is known for is (pretty much) single handedly inventing a new theory of why trade occurs. In short, that trade may give you access to a bigger market, thus allowing you to take more advantage of increasing returns to scale than you would otherwise. The only person that I know of who could make a similar claim is (the even younger) Paul Romer with new growth theory.

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