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Paul Krugman

Paul Krugman Wins Nobel Prize in Economics

October 13, 2008 10:18 AM
by Isabel Cowles
American economist, professor and columnist Paul Krugman has been named winner of the Nobel Prize in Economics.
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Paul Krugman, 55, is a professor at Princeton University and a columnist for The New York Times. According to the Royal Swedish Academy of Sciences, which selects the winners, Krugman was chosen “for his analysis of trade patterns and location of economic activity.” Krugman’s work explains the influence of economies of scale on trade and urbanization, Bloomberg reports.

Krugman has frequently criticized President George W. Bush for his economic policies. In a May, 2007 column he wrote, “Mr. Bush has degraded our government and undermined the rule of law. … He has led us into strategic disaster and moral squalor.”

Krugman was born in New York City in 1953, and received his PhD from the Massachusetts Institute of Technology (MIT). As well as writing for the New York Times Krugman has written for the journal Foreign Affairs. He has authored 20 books and more than 2000 papers.

Before moving to Princeton in 2000, Krugman taught at Stanford, Yale and MIT. He currently specializes in economic and currency crisis.
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