Its Krugman

Nobel Prize of Economics this year is fallen into Krugman's lap.

He got it for his contribution to trade and economic geography (Nobel citation here) but his role as columnist in Slate and New York Times is not less important. He is one of the consistent critic, with strong data and analysis, of Bush administration since beginning when everyone keep silent.

His explanation of monetary policy with baby sitting analogy (click here) is simply a masterpiece and who can forget that ideas move the world when couple of days after his famous column (click here) then Mahathir implement the highly successful capital control in Malaysia.

Three cheers for rigourous economist that also managed to communicate complex idea to the public.

Addendum:
Some post announcement analysis here, here and here as well as here