Known as one of the most influential academic thinkers in America, Paul Krugman is an American economist and professor of economics at Princeton University. He was awarded the Nobel Prize in Economics in 2008 for his work on international economics. Born in Albany, New York in 1953. Krugman attended John F. Kennedy High School and graduated from Yale University in 1974 with the highest honors in economics.
Under the guidance of his thesis advisor, Rudi Dornbusch, Krugman earned a Ph.D. at the Massachusetts Institute of Technology (MIT) in 1977, and in the late 1970s, Krugman began working on a new model of monopolistic competition in international trade and trade. Krugman's contribution is that he showed that trade can be explained not by comparative advantage but by regional concentration and economies of scale. Krugman generally supports free trade and globalization. In his book Geography and Trade, Krugman said the following about his academic life: "As an international economist, I have spent my entire professional life unconsciously thinking and writing about economic geography". The best-known of his academic legacies is Paul Krugman's development of the New Trade Theory (NTT) and his work on the New Economic Geography (NEG).
Books
Selected academic articles
(1996) 'Do foreign currency crises arise on their own? Archived October 11, 2010, at the Wayback Machine.' NBER Macroeconomics Annual 11, pp. 345–78.
(1995) 'Globalization and the inequality of nations,' (with Anthony J. Venables). Quarterly Journal of Economics 110, pp. 857–880.
(1991) 'Incremental returns to scale and economic geography Archived 6 November 2009 at the Wayback Machine.'. Journal of Political Economy 99, pp. 483–99. (English)
(1991) 'Target zones and exchange rate dynamics'. Quarterly Journal of Economics 106 (3), pp. 669–82. (English)
(1991) 'History and prospects Archived February 3, 2010, at the Wayback Machine.'. Quarterly Journal of Economics 106 (2), pp. 651–67. (English)
(1981) 'Industrial specialization and gains from trade'. Journal of Political Economy 89, pp. 959–73. (English)
(1980) 'Returns to scale, commodity differentiation and trade pattern Archived 18 May 2013 at the Wayback Machine.'. American Economic Review 70, pp. 950–59. (English)
(1979) 'A model of a balance of payments crisis'. Journal of Money, Credit, and Banking 11, pp. 311–25. (English)
(1979) 'Increasing returns to scale, monopolistic competition and international trade Archived 4 June 2011 at the Wayback Machine.'. Journal of International Economics 9, pp. 469–79. (English)
