Ming Could Do This Too

Ming demands his own Noble Prize. Read this quote explaining the twaddle that Paul Krugman spouted to earn this year's Noble Prize in Economics.
"In his model, many companies sell similar goods with slight variations. These companies get more efficient at producing their goods as they sell more, and so they grow. Consumers like variety, and pick and choose goods from among these producers in different countries, enabling countries to continue exchanging similar products. So some Americans buy Volkswagens and some Germans buy Fords.He developed this work further to explain the effect of transportation costs on why people live where they live. His model explained under what conditions trade would lead people or companies to move to a particular region or to move away."
Cough up Ming's own prize since he already figured out that people buy what they like and that people move to where the jobs are and the greater the cost of transportation, the nearer to those jobs will they move.
What did this clod do? Did he reduce these banalities to an equation? Did he dress them up in prolix prose? How does Ming get in on this scam?
Maybe Mao had it right. Move all these intellectuals to the farm and let them crop cotton and pull sugar beets out of the ground. Once they soil their delicate dainties, they can do something that's actually useful while Ming can then have a clear field both figuratively and literally to pontificate platitudes such as "people like money and can be persuaded to do unpleasant things to get some". That profound insight should be worth some kind of prize.