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Paul Krugman

Economics & Finance

Paul Krugman

Distinguished Professor of Economics, CUNY Graduate Center

Paul Krugman is the Winner of the 2008 Nobel Memorial Prize in Economics & the 1991 John Bates Clark Medal.

He is a Distinguished Professor of Economics at the City University of New York’s (CUNY) Graduate Center & former Professor of Economics and International Affairs at Princeton University’s Woodrow Wilson School.

Professor Krugman has also previously taught at MIT, Stanford, Yale, and the London School of Economics (LSE).

He is known for his contributions to the development of new trade theory, new economic geography, and currency crisis models.

He has authored or edited 27 books, published over 200 scholarly articles, and was a columnist for the New York Times from 2000 to 2024.

You can find his Substack here (https://paulkrugman.substack.com/).

Known For: Development of New Trade Theory, New Economic Geography, & Models of Balance of Payments Crises.

Born: Albany, New York, 1953.

Doctoral Adviser: Rudi Dornbusch.

Doctoral Dissertation: Essays on Flexible Exchange Rates.

School of Thought/Tradition: New Keynesian Economics.

Education
PhD Economics, Massachusetts Institute of Technology · MA Economics, Massachusetts Institute of Technology · BA Economics, Yale University
Topics
International Economics · Monetary Economics · Economic Geography · International Trade · Currency Crises · Liquidity Traps · Agglomeration Economies · Fiscal Policy

In the Encyclopedia1

Books10

  • Arguing with Zombies: Economics, Politics, and the Fight for a Better FutureArguing with Zombies: Economics, Politics, and the Fight for a Better Future2020
  • End This Depression Now!End This Depression Now!2012
  • The Conscience of a LiberalThe Conscience of a Liberal2007
  • The Great Unraveling: Losing Our Way in the New CenturyThe Great Unraveling: Losing Our Way in the New Century2003
  • The Return of Depression Economics and the Crisis of 2008The Return of Depression Economics and the Crisis of 20082008
  • Pop InternationalismPop Internationalism1996
  • International Economics: Theory and Policy, Global Edition. Pearson Education Limited; 12th edition (February 8, 2022).International Economics: Theory and Policy, Global Edition. Pearson Education Limited; 12th edition (February 8, 2022).2022
  • International Finance: Theory and Policy, Pearson Education; 12th edition (March 17, 2022).International Finance: Theory and Policy, Pearson Education; 12th edition (March 17, 2022).2022
  • Macroeconomics. Worth Publishers; Fifth edition (November 17, 2017).Macroeconomics. Worth Publishers; Fifth edition (November 17, 2017).2017
  • Microeconomics. Worth Publishers; Fifth edition (November 10, 2017).Microeconomics. Worth Publishers; Fifth edition (November 10, 2017).2017

Selected publications12

  1. 2012"Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach". The Quarterly Journal of Economics 127 (3), pp. 1469–513.
  2. 2009"The Increasing Returns Revolution in Trade and Geography". The American Economic Review 99(3), pp. 561–71.
  3. 1998"It's Baaack: Japan's Slump and the Return of the Liquidity Trap". Brookings Papers on Economic Activity 1998, pp. 137–205.
  4. 1996"Are currency crises self-fulfilling?". NBER Macroeconomics Annual 11, pp. 345–78.
  5. 1995(with AJ Venables) (1995). "Globalization and the inequality of nations". Quarterly Journal of Economics. 110 (4): 857–80.
  6. 1991"Increasing returns and economic geography". Journal of Political Economy 99, pp. 483–99.
  7. 1991Krugman, P. R. (1991). "Target zones and exchange rate dynamics". Quarterly Journal of Economics. 106 (3): 669–82.
  8. 1991"History versus expectations". Quarterly Journal of Economics 106 (2), pp. 651–67.
  9. 1981"Intra-industry specialization and the gains from trade". Journal of Political Economy 89, pp. 959–73.
  10. 1980"Scale economies, product differentiation, and the pattern of trade". American Economic Review 70, pp. 950–59.
  11. 1979"A model of balance-of-payments crises". Journal of Money, Credit, and Banking 11, pp. 311–25.
  12. 1979"Increasing returns, monopolistic competition, and international trade". Journal of International Economics 9, pp. 469–79.

Positions & affiliations4

  • City University of New York’s (CUNY) Graduate Center
  • Princeton University
  • Massachusetts Institute of Technology
  • London School of Economics

Credentials & fellowships2

  • Nobel Memorial Prize in Economic Sciences (2008)
  • John Bates Clark Medal (1991)

Honours & awards2

  • Nobel Prize in Economics (2008)
  • John Bates Clarke Medal (1991)