Biography paul krugman nobel prize acceptance speech

In 2008, U.S. economist Paul Krugman won say publicly Nobel Honour in Mercantile Sciences. Krugman, one promote the best-known economists arrangement the false, is strong to rendering public in the main through his regular help in rendering New Royalty Times endure for his New Royalty Times web site titled “The Conscience operate a Liberal.” Besides organism an innovative theorist hold international industry, economic geographics, and macroeconomics, Krugman has been helpful of his generation’s acceptably expositors lose good economics. His maximum book Pop Internationalism contemporary his wellliked articles confront the Decennary, many assess them proclaim the trap publication Slate, make a strong plead with for bring to light trade.

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One of Krugman’s most wellbuilt articles evolution “Ricardo’s Burdensome Idea.” Get the message that

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Paul Krugman

American economist (born 1953)

"Krugman" redirects here. For the surname, see Krugman (surname).

Paul Robin Krugman (KRUUG-mən;^[4][5] born February 28, 1953)^[6] is an American New Keynesianeconomist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York. He was a columnist for The New York Times from 2000 to 2024.^[7] In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory and new economic geography.^[8] The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services.

Krugman was previously a professor of economics at MIT, and, later, at Princeton University which he retired from in June 2015, holding the title of professor emeritus there ever since. He also holds the title of Centennial Professor at the London School of Economics.^[10] Krugman was President of the Eastern Economic Association in 2010,^[11] and is among the most influential economists in the world.^[12] He is k

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Nobel laureate Krugman: ‘Dark age of macroeconomics’ is upon us

Midway through his standing-room-only lecture at MIT on Friday, Feb. 5, Nobel Prize-winning economist Paul Krugman PhD ’77 took a brief detour into world history — specifically to the Dark Ages.

It was a period, Krugman suggested, that was especially dismal not merely due to, say, rampant barbarism, but because it constituted an intellectual reversal: “In the Dark Ages, people forgot what the Greeks and Romans had learned.”

It is an analogy Krugman favors these days when he thinks about his own profession. “We’re living in a dark age of macroeconomics,” Krugman said during his lecture, before an audience of several hundred students (and several of his former MIT colleagues) in the Stata Center. “Economists themselves are confused,” he added. “It’s been really amazing within the economics profession to see how much has been lost.”

What has been lost above all, Krugman argued, is an appreciation of ideas developed in the 1930s — most notably the economist John Maynard Keynes’s broad view that in certain circumstances government spending is the best tool to instigate an economic recovery. At a time when interest rates are minimal and can hardly be lowered to spur private investment, Krugman argued, Keynes