Paul Krugman on January 28, 2020, in New York City. (Photo by Roy Rochlin)
School period
Gallery of Paul Krugman
3000 Bellmore Ave, Bellmore, NY 11710, United States
Krugman attended John F. Kennedy High School in Bellmore.
College/University
Gallery of Paul Krugman
New Haven, CT 06520, United States
Krugman graduated with a Bachelor of Arts summa cum laude in economics from Yale University in 1974.
Gallery of Paul Krugman
Адрес: 77 Massachusetts Ave, Cambridge, MA 02139, United States
Krugman did a Doctor of Philosophy from the Massachusetts Institute of Technology (MIT) in 1977, under the guidance of his thesis advisor Rudi Dornbusch.
Career
Gallery of Paul Krugman
2015
Pocantico Hills City, New York, United States
Nobel Prize-winning economist and New York Times Opinion columnist Paul Krugman attends The New York Times Food For Tomorrow Conference 2015 at Stone Barns Center for Food & Agriculture on October 21, 2015, in Pocantico Hills City. (Photo by Neilson Barnard)
Gallery of Paul Krugman
2020
Madrid, Spain
The North American economist Paul Krugman, poses after an interview with Europa Press at the Rafael del Pino Foundation on February 17, 2020, in Madrid, Spain. (Photo by Ricardo Rubio/Europa Press)
Gallery of Paul Krugman
2013
New York, United States
Nobel Prize-winning economist Paul Krugman, professor of international trade and economics at Princeton University, speaks during a Bloomberg Television interview in New York, United States, on January 28, 2013. Krugman discussed the performance of bonds, Fed monetary policy, and the United States economy compared with that of Japan. Photographer: Scott Eells/Bloomberg.
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Princeton, New Jersey, United States
Economist and Princeton University professor Paul Krugman poses for a portrait session in his office in Princeton, New Jersey. (Photo by Steve Pyke)
Gallery of Paul Krugman
Princeton, New Jersey, United States
Economist and Princeton University professor Paul Krugman poses for a portrait session in his office in Princeton, New Jersey. (Photo by Steve Pyke)
Gallery of Paul Krugman
2009
242 W 41st St, New York, NY 10036, United States
New York Times writer Paul Krugman attends the 4th annual New York Times Sunday with the Magazine at TheTimesCenter on May 3, 2009, in New York City. (Photo by Joe Kohen/WireImage)
Gallery of Paul Krugman
2013
Hong Kong, China
Paul Krugman, professor of international trade and economics at Princeton University and Nobel Prize-winning economist, poses for a photograph after an interview in Hong Kong, China, on November 14, 2013. Photographer: Jerome Favre/Bloomberg.
New York Times writer Paul Krugman attends the 4th annual New York Times Sunday with the Magazine at TheTimesCenter on May 3, 2009, in New York City. (Photo by Joe Kohen/WireImage)
Nobel Prize-winning economist Paul Krugman, professor of international trade and economics at Princeton University, speaks during a Bloomberg Television interview in New York, United States, on January 28, 2013. Krugman discussed the performance of bonds, Fed monetary policy, and the United States economy compared with that of Japan. Photographer: Scott Eells/Bloomberg.
Paul Krugman, professor of international trade and economics at Princeton University and Nobel Prize-winning economist, poses for a photograph after an interview in Hong Kong, China, on November 14, 2013. Photographer: Jerome Favre/Bloomberg.
Nobel Prize-winning economist and New York Times Opinion columnist Paul Krugman attends The New York Times Food For Tomorrow Conference 2015 at Stone Barns Center for Food & Agriculture on October 21, 2015, in Pocantico Hills City. (Photo by Neilson Barnard)
The North American economist Paul Krugman, poses after an interview with Europa Press at the Rafael del Pino Foundation on February 17, 2020, in Madrid, Spain. (Photo by Ricardo Rubio/Europa Press)
Адрес: 77 Massachusetts Ave, Cambridge, MA 02139, United States
Krugman did a Doctor of Philosophy from the Massachusetts Institute of Technology (MIT) in 1977, under the guidance of his thesis advisor Rudi Dornbusch.
(New York Times bestseller, Paul Krugman, today's most wid...)
New York Times bestseller, Paul Krugman, today's most widely read economist, examines the past eighty years of American history, from the reforms that tamed the harsh inequality of the Gilded Age and the 1920s to the unraveling of that achievement and the reemergence of immense economic and political inequality since the 1970s. Seeking to understand both what happened to middle-class America and what it will take to achieve a "new New Deal," Krugman has created his finest book to date, a "stimulating manifesto" offering "a compelling historical defense of liberalism and a clarion call for Americans to retake control of their economic destiny."
Paul Krugman is an American economist and professor of economics at Princeton University. He is a leading liberal voice in American policy debate and has been labeled one of the most influential academic thinkers in America. He was awarded the Nobel Prize for economics in 2008 in recognition of his work on international economics.
Background
Ethnicity:
Krugman is the grandson of Jewish immigrants from Brest-Litovsk.
Paul Robin Krugman was born on February 28, 1953, in Albany, New York, United States, to Anita and David Krugman, and grew up in Nassau County.
Education
Krugman went to John F. Kennedy High School in Bellmore, before graduating with a Bachelor of Arts summa cum laude in economics from Yale University in 1974.
Krugman got a Doctor of Philosophy from the Massachusetts Institute of Technology (MIT) in 1977, under the guidance of his thesis advisor Rudi Dornbusch.
During his attendance at the Massachusetts Institute of Technology, Paul Krugman was part of a group of students sent to Portugal to work for the Central Bank of Portugal in 1976, in the aftermath of the "25th April Revolution" in 1974. The following year he moved back to the United States to work as an assistant professor at Yale University until June 1980. He also worked as a visiting assistant professor at MIT from 1979 to 1980. Thereafter he became an associate professor at that same institute until 1984. He also worked at the Council of Economic Advisers as an international policy economist between 1982 and 1983. From 1984 until 2000 he held positions as a Professor both at MIT and at Stanford University and has also taught at the London School of Economics. Since 2000, he has been a Professor of economics and international affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University. Paul Krugman has also other important affiliations to add to his impressive resume. For instance, he has long been a research associate at the National Bureau of Economic Research (since 1979). He has also belonged to the board of advisors at the Institute of International Economics ever since 1986. He is a fellow at the Econometric Society, the American Academy of Arts and Science, and a member of the Group of Thirty international economic body. As mentioned previously, Paul Krugman is considered a very prolific and accomplished writer, having worked as a columnist at the magazines Slate (1996-1999) and Fortune (1997-1999). As of late, he has been an op-ed columnist for The New York Times, where he maintains his own personal blog entitled "The Conscience of a Liberal."
Krugman's main research areas, which have made him stand out in the academic community, are international economics, with a focus on trade and international finance, and economic geography. He is ranked by the Research Papers in Economics (RePEc) as one of the world's most influential economists. In 1985, he published the book entitled Market Structure and Foreign Trade, with his co-author Elhanan Helpman. One of his most well known published books includes the standard undergraduate textbook on international economics entitled International Economics: Theory and Policy published in 1988, which was co-written with Maurice Obstfeld. He is the author of other famous books, such as Market Structure and Trade Policy (1989), co-written with Elhanan Helpman; Rethinking International Trade (1990); and The Age of Diminished Expectations (1990). His monograph entitled Geography and Trade, published in 1991 is considered to be the precursor work that launched the field of New Economic Geography, along with his seminal paper (Krugman, 1991a). Since then, he has published a series of other books, namely: Currencies and Crises in 1992; Peddling Prosperity in 1994; Development, Geography and Economic Theory in 1995; The Self-Organizing Economy and Pop Internalismin 1996; and The Accidental Theorist in 1998. In 1999 he published The Return of Depression Economics, a book that explores depression economics through the lenses of the 1997 Asian financial crisis and Japan's "Lost Decade." This book would give rise to The Return of Depression Economics and the Crisis of 2008, an updated version of the previous which includes the liquidity crisis created in 2008 by misguided austerity measures, and draws a parallel between the latter and the Great Depression. In 1999, along with Masahisa Fujita and Anthony J. Venables, Krugman published that which is arguably the most important textbook for New Economic Geography theorists: The Spatial Economy. In 2003, he published the book The Great Unraveling: Losing Our Way in the New Century, which criticized the administration of United States President George W. Bush. In 2004, he published Microeconomics with co-author fellow economist Robin Wells. In this book, Krugman and Wells take a story-driven approach that focuses on real-world economics at work. The book offers the trademark clarity and engaging writing style that distinguish Krugman's work. In The Conscience of a Liberal (2007), which later gave name to Krugman's blog in The New York Times, Krugman studies the past 80 years of American history in the context of economic inequality.
Where Paul Krugman really stands out is in his academic research, whose portfolio includes more than 200 publications in renowned scientific journals and edited volumes. His professional reputation among academics rests largely on work international trade andfinance, to such an extent that he is considered to be one of the founders of the "New Trade Theory" (NTT), a major rethinking of international trade. It is in recognition of this work that the American Economic Association awarded him with the John Bates Clarkin 1991, given to economists under age 40. It was in that same year that he was honored with the George Eccles Prize for Excellence in Economic Writing. Later in 1995, he was awarded the Adam Smith Award when he was still at Stanford University. In 2001, Krugman, Fujita, and Venables won the Nikkei Prize for Excellent Books in Economic Science due to their monograph. A year later, Krugman won the William Alonso Memorial Prize for Innovative Work in Regional Science, awarded by the North American Regional Science Council. But the culmination of his lifework came with the greatest appraisal to a prominent economist, when he became the recipient of the Nobel Prize in Economics in 2008, a recognition for his contributions to international trade and economic geography.
Krugman is incredibly critical of religion. While it is hard to determine whether or not he is an atheist, agnostic, or just a non-practicing Jewish, Krugman certainly believes that religion has no place in politics and economics.
Politics
Krugman rose to public prominence for his columns in the Slate and New York Times, which were highly critical of the Bush administration. He also wrote the book "The Great Unravelling" which criticized Bush's economic and foreign policy. In particular, Krugman criticized the policy of cutting taxes for the rich, leading to budget deficits during growth. Krugman also believed Bush based his campaign on misinformation and false facts.
Krugman was also an outspoken critic of the Iraq war and criticized the response of some politicians to the 9/11 terrorist attacks. Krugman became a leading critic of the growing income inequality in America. Blaming the Republican ideology for waging war on the poor. His book "The Conscience of a Liberal" details the growth in income inequality in the later part of the Twentieth Century in the United States.
Paul Krugman wrote, "I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I'm proud of it."
After the 2008 economic crisis, Krugman was a leading critic of austerity. Krugman argued that leading economies were stuck in a classic liquidity trap. In this situation, Krugman argued governments could print money and run large budget deficits without causing a rise in interest rates or inflation. His model of liquidity trap broadly predicted low inflation, low growth recovery. Krugman became a household name in part because of his ability to popularise and simplify complex economic problems. Krugman is also quite direct, openly criticizing politicians and other economists. For example, he is openly critical of "Very Serious People" – establishment figures who hold onto views, Krugman believes have been shown to be wrong.
He tends to take strong adversarial positions which create a strong reaction – both negative and positive from across the political spectrum. Martin Wolf, a journalist for the Financial Times, in the United Kingdom has written that Krugman is both the "most hated and most admired columnist in the US."
In the 2016 election, Krugman was a strong supporter of Democratic nominee Hillary Clinton. Since Donald Trump's win in the 2016 Presidential Election, he has been a stern critic of the President's economic and foreign policy, and also the President's willingness to lie and present misleading facts.
Views
Krugman views himself as a Keynesian economist. He has also promoted the IS-LM model invented by John Hicks. Although identified with elements of new-Keynesianism, he is critical of the complexity and rigidity of some of the New Keynesian models.
Personality
Krugman describes himself as a bit of a loner and shy.
Quotes from others about the person
Paul Samuelson: "Paul Krugman is a lone voice, telling things as they are and debunking Washington policies that are neither compassionate nor conservative."
Interests
Cats
Writers
Isaac Asimov
Connections
Krugman has married twice. His first wife, Robin L. Bergman, is a designer. He is currently married to Robin Wells, an academic economist.