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Paul Krugman turns out to be a renowned American economist. He is the City University of New York Distinguished Professor of Economics at their Graduate Center. Krugman is also a New York Times regular columnist. He has been honored with the Nobel Prize in Economics, which contributed enormously to his personal reputation and fame.
Paul Krugman was born on February 28th in 1953. He received the Nobel Memorial Prize for Economic Sciences as a result of his outstanding contributions in New Economic Geography and New Trade Theory. The committee was impressed by the way in which Krugman explained the geographic distributions of economic and business activity along with his explanations on international trade. He did this through looking at the impacts of consumers and their preferences for various goods and services and of economies of scale.
Before these heady award winning days, Paul Krugman worked as an MIT economics professor. Later on he landed at Princeton University where his career really began to ascend. He eventually retired from his primary professor chair at Princeton in June of 2015. Krugman is still a Professor Emeritus title holder from Princeton. Besides this, he is a London School of Economics Centenary Professor. In 2010, he became the Eastern Economic Association’s President.
There are organizations today which rank the global economists of the day by their importance and influence. In 2016, he was internationally recognized by the Research Papers in Economics. They had Paul Krugman ranked at the 24th most influential economist on the planet. This decision is based upon the numbers of citations of Krugman’s work. Krugman has a well-respected reputation throughout the world of academia. He is held in high esteem for a variety of subjects upon which he has taught and written extensively. Among these are his writings on international economics such as economic geography, trade theory, and international finance. He is also highly respected for his work on currency crisis and liquidity traps.
In 1999, Paul Krugman was invited to and accepted the invitation to work for the New York Times as an Op-Ed Page columnist. He continues in this role writing occasionally on various subjects pertaining to economics and international government policies from time to time. As Professor Emeritus at Princeton University, his specialization is International Affairs and Economics.
Paul Krugman has authored or edited an impressive 20 different books. He has also written or edited over 200 papers which are featured in edited volumes or professional journals. His highly respected professional reputation stems from his groundbreaking work on finance and international trade. He is among the select group of founders behind the New Trade Theory. This represents a fresh and significant reworking of the theories on international trade.
For this impressive and influential work, he received the coveted John Bates Clark medal prize given out every other year to the under 40 years of age economist who has been deemed to contribute significantly to the economic body of knowledge. The American Economic Association gave him this prestigious industry award.
The present academic research of Krugman concentrates on currency and economic crises. Besides this, he writes extensively for wider audiences of the general public. A few of his more current articles he penned on economic issues now appear in The Accidental Theorist and Pop Internationalism. These were pieces that had originally appeared in Harvard Business Review, Foreign Affairs magazine, Scientific American, and other technical economic and business journals.
Among his many books, he has written End This Depression Now! (from 2013), Principles of Economics, Second Edition (from 2009), The Return of Depression Economics and the Crisis of 2008 (from December of 2008), and The Conscience of a Liberal (from October of 2007).