Future work!

I learned about it today. My friends told me that according to offical statement of the Nobel comitte it was supposed to be an "advance payment" for his future contributions to world peace.
Then, this afternoon I saw this beautiful blog entry by famous economist Gregory Mankiw:

Read this Associated Press article first. It is about the committee members admitting that he hasn't done anything yet (but he will)

Associated Press

And from MANKIW's BLOG:

First-Year Grad Student Wins Nobel Prize in Economics!

Pfuffnick's Nobel Economics Prize triumph hailed by many

LONDON — The surprise choice of first-year graduate student Quintus Pfuffnick for the Nobel Prize in Economics drew praise from much of the world Friday even as many pointed out the youthful economist has not yet published anything in scholarly journals.

The new PhD candidate was hailed for his willingness to tackle difficult problems, his commitment to improving the economic system, and his goal of bringing efficiency and equality into harmony.

Professor Paul Krugman of Princeton, who won the prize in 2008, said Pfuffnick's award shows great things are expected from him in the coming years.

"In a way, it's an award coming near the beginning of the first year in grad school of a relatively young economist that anticipates an even greater contribution towards making our economy a better place for all," he said. "It is an award that speaks to the promise of Mr Pfuffnick's message of hope."

He said the prize is a "wonderful recognition of Pfuffnick's essay in his grad school application."