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Lives of the LaureatesTwenty-three Nobel Economists$
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Roger W. Spencer and David A. Macpherson

Print publication date: 2014

Print ISBN-13: 9780262027960

Published to MIT Press Scholarship Online: May 2015

DOI: 10.7551/mitpress/9780262027960.001.0001

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Paul Krugman

Paul Krugman

(p.381) Paul Krugman
Lives of the Laureates

Roger W. Spencer

David A. Macpherson

The MIT Press

This chapter describes the life philosophy of Paul Krugman as an economist. In 2008 he became a Nobel Prize recipient. Krugman was born in 1953 and earned his Ph.D. at MIT in 1977. He was appointed professor at MIT in 1996 and he moved to Princeton University in 2000. He was preoccupied with the Asian financial crisis of 1997–98 and warned that it could happen in the U.S. He developed a small economic model that served as a guide for the U.S. for a few years after the Asian crisis. He was known as a public intellectual and he wrote nontechnical and popular economics for the general public. At the age of 58, he created real economic models with Gauti Eggertsson. His publications include The Self-Organizing Economy, The Return of Depression Economics, and The Spatial Economy.

Keywords:   Paul Krugman, Asian financial crisis, popular economics, Gauti Eggertsson, depression economics

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