Paul Krugman (born 1953) is an American economist and columnist. He won the 2008 Nobel Memorial Prize in Economic Sciences for his work on new trade theory and new economic geography, explaining trade patterns and the location of economic activity through increasing returns to scale. He has been long associated with Princeton University and later the City University of New York. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Paul Robin Krugman ( KRUUG-mən; born February 28, 1953) is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York.
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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.
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February 28, 1953
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1953-02-28
In Group: International Trade Theorists, Lead
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.
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Wikimedia FoundationAssociated With: European Debt Crisis, European sovereign debt crisis, Less austerity, more investment sectionQuote, Associated With: European Debt Crisis, European sovereign debt crisis, Less austerity, more investment section
US economist and Nobel laureate Paul Krugman argues that an abrupt return to "'non-Keynesian' financial policies" is not a viable solution. Pointing at historical evidence, he predicts that deflationary policies now being imposed on countries such as Greece and Spain will prolong and deepen their recessions.
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