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United States Paul Krugman is a Nobel Memorial Prize-winning economist who has shaped modern understanding of international trade and economic geography, and frequently provides commentary on contemporary economic and political issues.
Paul Krugman was a columnist for The New York Times from 2000 to 2024, writing extensively on economic and political issues, known for his controversial and intellectual columns.
Krugman obtained his PhD from MIT and later served on its faculty as a professor of economics, revolutionizing international trade theory.
Paul Krugman was a Professor of Economics and International Affairs at Princeton University from 2000 to 2015, holding the title of professor emeritus after his retirement. He taught courses on macroeconomics, international monetary theory and policy, and the economics of the welfare state.
He holds the title of Centennial Professor at the London School of Economics, further connecting him to international academic institutions.
After leaving The New York Times, Paul Krugman began publishing a daily newsletter on Substack, offering his economic and political commentary.
Krugman has contributed articles to The Harvard Business Review, sharing his economic insights with a business-focused audience.
Krugman wrote for Fortune magazine from 1997-1999, contributing to public discourse on economic issues.
Krugman wrote for Slate magazine from 1996-1999, engaging a wider audience with his economic perspectives.
He has contributed to The Economist, providing analysis on economic trends and international affairs.
In 1998, during the dot-com bubble, Krugman wrote a commentary for Red Herring, expressing skepticism about optimistic predictions for technology-driven progress.
Paul Robin Krugman was born on February 28, 1953, in Albany, New York, and grew up in Merrick, Long Island. His interest in economics was inspired by Isaac Asimov’s “Foundation” novels, which depicted a future where social scientists used “psychohistory” to guide civilization, leading Krugman to pursue economics as the closest real-world equivalent. He earned his BA summa cum laude in economics from Yale University in 1974 and completed his PhD in economics from the Massachusetts Institute of Technology (MIT) in just three years, in 1977. His doctoral thesis, “Essays on Flexible Exchange Rates,” was supervised by Rudi Dornbusch, whom Krugman credits as a major influence on his career.
Krugman began his academic career as an assistant professor at Yale in 1977 before joining MIT in 1979. He served as a staff member for the Council of Economic Advisers in the Reagan White House from 1982 to 1983, gaining insight into policy-making. He returned to MIT as a full professor in 1984 and also taught at Stanford and the London School of Economics. In 2000, he joined Princeton University as a Professor of Economics and International Affairs, a role he held until his retirement in June 2015, becoming a professor emeritus. He then joined the Graduate Center of the City University of New York as a Distinguished Professor of Economics. His early work significantly advanced international economics, particularly his contributions to new trade theory and new economic geography, which ultimately earned him the Nobel Memorial Prize in Economic Sciences in 2008.
This groundbreaking work explained patterns of international trade and the geographic distribution of economic activity by integrating economies of scale and consumer preferences for diverse goods into economic models. His 1979 paper on monopolistically competitive trade models highlighted how trade occurs between similar countries due to consumer preference for diverse brands and economies of scale in production. His 1991 paper, “Increasing Returns and Economic Geography,” further developed these ideas into the “new economic geography,” explaining economic agglomeration in core regions through the interaction of increasing returns, trade costs, and factor price differences. Beyond academia, Krugman became a prominent public intellectual, writing hundreds of columns for The New York Times from 2000 to 2024, where he provided commentary on a wide range of economic and political issues, influencing public discourse.
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