Bush critic Paul Krugman wins economics Nobel

By GEOFF MULVIHILL and ELLEN SIMON, Associated Press Writers
8 minutes ago

Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in economics Monday for his work on international trade patterns.

The Princeton University professor and New York Times columnist is the best-known American economist to win the prize in decades.

The Nobel committee commended Krugman's work on global trade, beginning with a 10-page paper in 1979 that knit together two fields of study, helping foster a better understanding of why countries produce similar products and why people move from the small towns to cities.