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Princeton economist and New York Times columnist Paul Krugman won the Nobel economics prize on Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.

It is shaping up to be one of the most tumultuous times on record in the global financial markets

"Keating Economics: the Making of a Financial Crisis" is a documentary that shows why John McCain's failed philosophy and poor judgment are a recipe for deepening the economic crisis.

Steve Kroft looks at some of the arcane Wall Street financial instruments that have magnified the economic crisis.

A survey of academic economists by The Economist finds the majority—at times by overwhelming margins—believe Mr Obama has the superior economic plan, a firmer grasp of economics and will appoint better economic advisers.

In a crisis, voters want steady, calm leadership, not easy, misleading answers that will do nothing to help. Mr. McCain is sounding like a candidate searching for a political foil rather than a genuine solution. He'll never beat Mr. Obama by running as an angry populist like Al Gore, circa 2000

The bankruptcy of financial services giant Lehman Brothers and the 500-point drop in the stock market on Sept. 15 have sent shock waves through the financial community. Michael Greenberger, a former director at the U.S. Commodity Futures Trading Commission, tells Terry Gross that the government's decision to bail out AIG is a sign that the economy is "teetering on the brink."

Sen. Barack Obama (D-Ill.) is airing an unusual two-minute TV ad about the economy, calling for “shared responsibility†and “real regulation†to rein in an “anything-goes culture on Wall Street.†The ad is part of the campaign’s effort to respond confidently and convincingly to this weekend’s financial meltdown

Everyone agrees our health-care financing system must change. But only one candidate, Barack Obama, has real change we can believe in.

Former Federal Reserve Chairman Alan Greenspan said the country can't afford $3.3 trillion of tax cuts proposed by Republican presidential nominee John McCain without corresponding spending reductions.