Paul Krugman

Nobel-Prize Winner and Columnist, The New York Times; Professor of Economics and International Affairs Woodrow Wilson School, Princeton University

The Return of Depression Economics and the Crisis of 2008

About the Speaker

Paul Krugman, a self-described liberal, won the Nobel Memorial Prize in Economic Sciences in 2008 for his analysis of the role of economies of scale and product diversity in international trade patterns. He is a columnist for The New York Times and teaches at Princeton University. Author or editor of 20 books and of hundreds of journal articles, Krugman earned his B.A. in economics from Yale University in 1974 and his Ph.D from MIT in 1977. He has taught at Yale, MIT and Stanford. His most recent publication, The Return of Depression Economics and the Crisis of 2008, argues that a failure to regulate global financial activity laid the path for the greatest economic crisis since the Great Depression. His modeling of international trade has come to be called “new trade theory.” He first published his rethinking of trade between similar countries in a 1979 paper, arguing that consumers have a preference for diversity of products, such as cars, but because of economies of scale, production is concentrated in a few factories and a few countries. He was awarded the American Economic Association’s John Bates Clark Medal in 1991. His writing has also appeared in Foreign Affairs, the Harvard Business ReviewScientific American and other journals. His “The Conscience of a Liberal” has recently appeared in paperback.