Paul Krugman - Nobel Prize in Economics

Just yesterday I was watching Paul Krugman on This Week with George Stephanopoulos in a very interesting discussion with George Will, Dan Balz, Cokie Roberts and, of course, Snuffy. And then I heard this news break bit on NPR this morning as I woke up and I really woke up.

Krugman's reference to it on his blog is understatement itself.

Congratulations Dr. Krugman.

Catherine Rampell of the NYT blog Economix caught up with him as he started off on a very busy day.

"It's been an extremely weird day, but weird in a positive way," Mr. Krugman said in an interview on his way to a Washington meeting for the Group of Thirty, an international body from the public and private sectors that discusses international economics. He said he was mostly "preoccupied with the hassles" of trying to make all his scheduled meetings today and answer a constantly-ringing cell phone.

She also has a plain english explanation of the portion of his work that the Nobel committee chose to award as well as more reaction from Krugman.