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Paul Krugman is Professor of Economics and International Affairs, Emeritus, at Princeton University, holding joint appointments in the Department of Economics and the School of Public and International Affairs. A leading scholar in Business & Economics with a focus on international trade and international finance, he earned a B.A. from Yale University in 1974 and a Ph.D. from the Massachusetts Institute of Technology in 1977. His career trajectory includes serving as Assistant Professor at Yale University from 1977 to 1980, advancing through positions at MIT from Associate Professor in 1980 to Professor by 1984 until 2000 (with a period as Professor at Stanford University from 1994 to 1996), and joining Princeton as Professor in 2000. He also held the position of International Policy Economist on the staff of the U.S. Council of Economic Advisers from 1982 to 1983.
Krugman's seminal contributions include developing new trade theory incorporating economies of scale, increasing returns, monopolistic competition, and product differentiation to explain intraindustry trade among similar economies. He pioneered new economic geography through the core-periphery model and produced influential work on balance of payments crises and exchange rate target zones. Key publications encompass the paper 'Increasing Returns, Monopolistic Competition, and International Trade' (Journal of International Economics, 1979), 'Increasing Returns and Economic Geography' (Journal of Political Economy, 1991), 'Target Zones and Exchange Rate Dynamics' (Quarterly Journal of Economics, 1991), and books such as Rethinking International Trade (MIT Press, 1990), Geography and Trade (MIT Press, 1991), Peddling Prosperity (Norton, 1994), The Return of Depression Economics (Norton, 1999), and The Great Unraveling (Norton, 2003). The author or editor of dozens of books and several hundred articles, he received the Nobel Memorial Prize in Economic Sciences in 2008 for his analysis of trade patterns and location of economic activity, the John Bates Clark Medal in 1991, the Eccles Prize for Excellence in Economic Writing in 1991, and was elected Fellow of the Econometric Society in 1987 and the American Academy of Arts and Sciences in 1992. Since 1999, Krugman has contributed twice-weekly columns to The New York Times.
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