Paul Krugman, a professor in the Department of Economics and in the Woodrow Wilson School of Public and International Affairs at Princeton, was awarded the 2008 Nobel Prize in economics for his groundbreaking research on international trade. Well known publicly in his role as a New York Times columnist and a media commentator on economic and policy issues, Krugman was honored for his academic work on international trade patterns and economic geography that has greatly influenced research in his field.

Photo: Princeton University, Office of Communications, Brian Wilson

Princeton faculty, students and administrators and members of the media packed Dodds Auditorium in Robertson Hall for a press conference in honor of Krugman's Nobel Prize.

Photo: Princeton University, Office of Communications, Brian Wilson

News crews crowded Robertson Hall to get images of Krugman, who said he was stunned by receiving the Nobel Prize. "It's an incredible honor," he said.

Photo: Princeton University, Office of Communications, Brian Wilson

Krugman was toasted by the heads of his two departments at Princeton: Anne-Marie Slaughter (center), dean of the Woodrow Wilson School; and Christina Paxson (right), chair of the economics department.

Photo: Princeton University, Office of Communications, Brian Wilson

Princeton mathematician John Nash (right), winner of the 1994 Nobel Prize in economics, was among those who joined in the celebration of Krugman's award.

Photo: Princeton University, Office of Communications, Brian Wilson

Princeton President Shirley M. Tilghman (right) said she, like many of Krugman's readers of The New York Times, "learned economics by reading that column religiously twice a week."

Photo: Princeton University, Office of Communications, Brian Wilson