Paul Krugman Nobel Prize in Economics 2008

Paul Krugman receives The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008

Press Release

Paul Krugman
Princeton University, NJ, USA

“for his analysis of trade patterns and location of economic activity”

International Trade and Economic Geography

Patterns of trade and location have always been key issues in the economic debate. What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions. He has thereby integrated the previously disparate research fields of international trade and economic geography.

Krugman’s approach is based on the premise that many goods and services can be produced more cheaply in long series, a concept generally known as economies of scale. Meanwhile, consumers demand a varied supply of goods. As a result, small-scale production for a local market is replaced by large-scale production for the world market, where firms with similar products compete with one another.

Traditional trade theory assumes that countries are different and explains why some countries export agricultural products whereas others export industrial goods. The new theory clarifies why worldwide trade is in fact dominated by countries which not only have similar conditions, but also trade in similar products – for instance, a country such as Sweden that both exports and imports cars. This kind of trade enables specialization and large-scale production, which result in lower prices and a greater diversity of commodities.

Economies of scale combined with reduced transport costs also help to explain why an increasingly larger share of the world population lives in cities and why similar economic activities are concentrated in the same locations. Lower transport costs can trigger a self-reinforcing process whereby a growing metropolitan population gives rise to increased large-scale production, higher real wages and a more diversified supply of goods. This, in turn, stimulates further migration to cities. Krugman’s theories have shown that the outcome of these processes can well be that regions become divided into a high-technology urbanized core and a less developed “periphery”.

Read more about this year’s prize

Information for the Public (pdf)

Scientific Background (pdf)

Nobel Peace Prize for Chemistry 2008

Osamu Shimomura

Martin Chalfie

Roger Y. Tsien

A clever trick borrowed from jellyfish has earned two Americans and one Japanese scientist a share of the chemistry Nobel Prize.

Martin Chalfie, Roger Tsien and Osamu Shimomura made it possible to exploit the genetic mechanism responsible for luminosity in the marine creatures.

Today, countless scientists use this knowledge to tag biological systems.[BBC News]

The Nobel Prize website however has all three down as Americans. Below is their press release:

Press Release

8 October 2008

The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry for 2008 jointly to

Osamu Shimomura, Marine Biological Laboratory (MBL), Woods Hole, MA, USA and Boston University Medical School, MA, USA,

Martin Chalfie, Columbia University, New York, NY, USA

and

Roger Y. Tsien, University of California, San Diego, La Jolla, CA, USA

“for the discovery and development of the green fluorescent protein, GFP”.

Glowing proteins – a guiding star for biochemistry

The remarkable brightly glowing green fluorescent protein, GFP, was first observed in the beautiful jellyfish, Aequorea victoria in 1962. Since then, this protein has become one of the most important tools used in contemporary bioscience. With the aid of GFP, researchers have developed ways to watch processes that were previously invisible, such as the development of nerve cells in the brain or how cancer cells spread.

Tens of thousands of different proteins reside in a living organism, controlling important chemical processes in minute detail. If this protein machinery malfunctions, illness and disease often follow. That is why it has been imperative for bioscience to map the role of different proteins in the body.

This year’s Nobel Prize in Chemistry rewards the initial discovery of GFP and a series of important developments which have led to its use as a tagging tool in bioscience. By using DNA technology, researchers can now connect GFP to other interesting, but otherwise invisible, proteins. This glowing marker allows them to watch the movements, positions and interactions of the tagged proteins.

Researchers can also follow the fate of various cells with the help of GFP: nerve cell damage during Alzheimer’s disease or how insulin-producing beta cells are created in the pancreas of a growing embryo. In one spectacular experiment, researchers succeeded in tagging different nerve cells in the brain of a mouse with a kaleidoscope of colours.

The story behind the discovery of GFP is one with the three Nobel Prize Laureates in the leading roles:

Osamu Shimomura first isolated GFP from the jellyfish Aequorea victoria, which drifts with the currents off the west coast of North America. He discovered that this protein glowed bright green under ultraviolet light.

Martin Chalfie demonstrated the value of GFP as a luminous genetic tag for various biological phenomena. In one of his first experiments, he coloured six individual cells in the transparent roundworm Caenorhabditis elegans with the aid of GFP.

Roger Y. Tsien contributed to our general understanding of how GFP fluoresces. He also extended the colour palette beyond green allowing researchers to give various proteins and cells different colours. This enables scientists to follow several different biological processes at the same time.

Read more about this year’s prize

Information for the Public

Scientific Background

Nobel Prize in Physics 2008

Yoichiro Nambu, 1/2 of the prize (USA)

Makoto Kobayashi, 1/4 of the prize (Japan)

Toshihide Maskawa, 1/4 of the prize (Japan)

The Nobel Prize in physics is to be shared by two Japanese citizens and an American, the Royal Swedish Academy of Sciences has announced.

Yoichiro Nambu, Makoto Kobayashi and Toshihide Maskawa provided new insights into the building blocks of matter.

Nambu described a mechanism called spontaneous broken symmetry in subatomic physics.[BBC News]

More can be found from the Nobel Committees information for the public here.

From the press release:

As early as 1960, Yoichiro Nambu formulated his mathematical description of spontaneous broken symmetry in elementary particle physics. Spontaneous broken symmetry conceals nature’s order under an apparently jumbled surface. It has proved to be extremely useful, and Nambu’s theories permeate the Standard Model of elementary particle physics. The Model unifies the smallest building blocks of all matter and three of nature’s four forces in one single theory.

The spontaneous broken symmetries that Nambu studied, differ from the broken symmetries described by Makoto Kobayashi and Toshihide Maskawa. These spontaneous occurrences seem to have existed in nature since the very beginning of the universe and came as a complete surprise when they first appeared in particle experiments in 1964. It is only in recent years that scientists have come to fully confirm the explanations that Kobayashi and Maskawa made in 1972. It is for this work that they are now awarded the Nobel Prize in Physics. They explained broken symmetry within the framework of the Standard Model, but required that the Model be extended to three families of quarks. These predicted, hypothetical new quarks have recently appeared in physics experiments. As late as 2001, the two particle detectors BaBar at Stanford, USA and Belle at Tsukuba, Japan, both detected broken symmetries independently of each other. The results were exactly as Kobayashi and Maskawa had predicted almost three decades earlier.

A hitherto unexplained broken symmetry of the same kind lies behind the very origin of the cosmos in the Big Bang some 14 billion years ago. If equal amounts of matter and antimatter were created, they ought to have annihilated each other. But this did not happen, there was a tiny deviation of one extra particle of matter for every 10 billion antimatter particles. It is this broken symmetry that seems to have caused our cosmos to survive. The question of how this exactly happened still remains unanswered. Perhaps the new particle accelerator LHC at CERN in Geneva will unravel some of the mysteries that continue to puzzle us.

OTHER BLOGS:

Nobel Prize for HIV discovery and HPV link