Trade theory won another Nobel Prize this week… on The Simpsons. On Sunday’s season premiere, Jagdish Bhagwati picked up the prize, while the betting pool also included Avinash Dixit and Elhanan Helpman.

I suspect this is the first time that a trade theorist has appeared in prime-time cartoon form. It’s the opening scene:

http://www.hulu.com/embed/dun6KAqX7rnSIEzbaRb5QQ

You’ll have to wait until October 11 for the real thing.