Paul Krugman

Biography

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.

Publications

Books For A General Audience (Selected)

Arguing with Zombies: Economics, Politics, and the Fight for a Better Future (January 2020)

End This Depression Now! (April 2012)

The Conscience of a Liberal (October 2007)

The Great Unraveling: Losing Our Way in the New Century (September 2003)

The Return of Depression Economics and the Crisis of 2008 (December 2008)

Pop Internationalism (March 1996)

Scholarly Articles (Selected)

(2012) "Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach". The Quarterly Journal of Economics 127 (3), pp. 1469–513.

(2009) "The Increasing Returns Revolution in Trade and Geography". The American Economic Review 99(3), pp. 561–71.

(1998) "It's Baaack: Japan's Slump and the Return of the Liquidity Trap". Brookings Papers on Economic Activity 1998, pp. 137–205.

(1996) "Are currency crises self-fulfilling?". NBER Macroeconomics Annual 11, pp. 345–78.

(1995) (with AJ Venables) (1995). "Globalization and the inequality of nations". Quarterly Journal of Economics. 110 (4): 857–80.

(1991) "Increasing returns and economic geography". Journal of Political Economy 99, pp. 483–99.

(1991) Krugman, P. R. (1991). "Target zones and exchange rate dynamics". Quarterly Journal of Economics. 106 (3): 669–82.

(1991) "History versus expectations". Quarterly Journal of Economics 106 (2), pp. 651–67.

(1981) "Intra-industry specialization and the gains from trade". Journal of Political Economy 89, pp. 959–73.

(1980) "Scale economies, product differentiation, and the pattern of trade". American Economic Review 70, pp. 950–59.

(1979) "A model of balance-of-payments crises". Journal of Money, Credit, and Banking 11, pp. 311–25.

(1979) "Increasing returns, monopolistic competition, and international trade". Journal of International Economics 9, pp. 469–79.

Textbooks (Selected)

International Economics: Theory and Policy, Global Edition. Pearson Education Limited; 12th edition (February 8, 2022).

International Finance: Theory and Policy, Pearson Education; 12th edition (March 17, 2022).

Macroeconomics. Worth Publishers; Fifth edition (November 17, 2017).

Microeconomics. Worth Publishers; Fifth edition (November 10, 2017).

Known For

Development of New Trade Theory, New Economic Geography, & Models of Balance of Payments Crises

Awards

Nobel Prize in Economics (2008)

John Bates Clarke Medal (1991)

Born

Albany, New York, 1953.

Education

PhD Economics, Massachusetts Institute of Technology

MA Economics, Massachusetts Institute of Technology

BA Economics, Yale University

Doctoral Adviser

Rudi Dornbusch

Doctoral Dissertation

Essays on Flexible Exchange Rates

Institutions

City University of New York’s (CUNY) Graduate Center

Princeton University

Massachusetts Institute of Technology

London School of Economics

School of Thought/Tradition

New Keynesian Economics

Field

International Economics

Monetary Economics

Economic Geography

Topics

International Trade

Currency Crises

Liquidity Traps

Agglomeration Economies

Fiscal Policy