Biography

Roosevelt Institute 2013 Four Freedoms Medal: Freedom of Speech

As one of the world’s best known and most acclaimed economists, Paul speaks on the leading issues of the day affecting the world economy. An insightful, outspoken Op-Ed columnist for The New York Times, he is a passionate and articulate speaker, with a gift for relating global economic events to his audiences, and committed to speaking the truth as he sees it in the most compelling terms.

His twice-weekly Op-Ed pieces for The New York Times model the depth of insight and the unflinchingly outspoken style he brings to his speeches.

The most recent of Professor Krugman’s many books, End This Depression Now!, is a call for action. In it, Paul has a powerful message for anyone who has suffered during the Great Recession — a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.

His previous books include The Conscience of a Liberal, The Great Unraveling, a bestseller, and The Return of Depression Economics and the Crisis of 2008, a response to the financial crisis, an updated edition of his 1999 book, The Return of Depression Economics.

In addition to the Nobel Prize, Krugman’s work in economics has earned him broad acclaim from the economic press and several prestigious awards, including the John Bates Clark medal from the American Economic Association for his work in international trade and finance. He is recognized worldwide as a leader in the fields of economic geography and the role of increasing returns in shaping international trade.

Paul Krugman is a Professor of Economics and Distinguished Scholar at the Graduate Center’s Luxembourg Income Study Center at City University of New York (CUNY). Previously, he was professor of economics at Princeton University.

He was chosen as one of Bloomberg’s 10 Most Influential Thinkers, 2013 and Bloomberg's 50 Most Influential People in Global Finance, 2011. He has been honored to be one of Foreign Policy's Top 100 Global Thinkers for four straight years (2009-2012).

Krugman the Economist

Paul Krugman won the 2008 Nobel Memorial Prize in Economic Sciences for his groundbreaking work on international trade and economic geography. (Here is a description in his own words of the work for which he won the Prize.) He is the author or editor of 20 books and more than 200 papers in professional journals and edited volumes. Professor Krugman is one of the founders of the "new trade theory," a major rethinking of the theory of international trade, for which he also received the John Bates Clark medal in 1991 from the American Economic Association, a prize given every two years to "that economist under forty who is adjudged to have made a significant contribution to economic knowledge."

He also is the leading pioneer in economic geography — the economic dynamics that determine how and why certain places (like Silicon Valley) end up specializing economically and the advantages this kind of clustering brings to companies and economies. For example, there has been no important commercial traffic on the Erie Canal since 1850, yet the head start that canal gave to New York City has allowed New York to remain the largest US city and its major commercial center to this day.

The overarching theme to his work: bringing the theory of increasing returns into the economic mainstream. ‘Increasing returns’ is the technical term for the phenomenon that success tends to breed further success—that economics is dynamic, not static, and that the multiple choices available to economies eventually get sorted out through the accumulation of initial advantages that may be accidents of history. He’s applied increasing returns theory to international trade and geographic clustering.

Mr. Krugman's current academic research focuses on economic and currency crises.

Credentials

  • Professor of Economics and Distinguished Scholar at the Graduate Center’s Luxembourg Income Study Center at City University of New York (CUNY)
  • Recipient, Roosevelt Institute 2013 Four Freedoms Medial: Freedom of Speech
  • Winner, 2008 Nobel Memorial Prize in Economics Sciences
  • Former Professor of Economics, Princeton University
  • Bloomberg’s 50 Most Influential Thinkers, 2013
  • Economic Policy Institute’s first ever Distinguished Economist Award, 2011
  • 2011 Gerald Loeb Award winner for Commentary
  • Bloomberg’s 50 Most Influential People in Global Finance, 2011
  • Foreign Policy’s Top 100 Global Thinkers 2012, 2011, 2010 and 2009
  • 2009 Thinkers 50
  • Recipient, American Economic Association John Bates Clark medal, best American economist under 40
  • Named America’s most important columnist, Washington Monthly
  • Named columnist of the year, Editor and Publisher magazine
  • Staff member, President’s Council of Economic Advisors

Topics

These are topics that have proven valuable to customers in the past and are meant only to suggest the speakers range and interests.

Paul tailors each presentation to the needs of his audience and is not limited to the topics we have listed below. Please ask us about any subject that interests you; we are sure that we can accommodate you.

Global Outlook

  • End This Depression Now!



    New York Times Bestseller A call-to-arms from Nobel Prize–winning economist and best-selling author Paul Krugman.


    The Great Recession is more than four years old — and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge — all the ingredients for prosperity and a decent standard of living for all — remain in a state of intense pain."

    How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years — a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.

    W. W. Norton & Co.; Reprint edition (26 Feb 2013)
    W. W. Norton & Co. (11 May 2012)


    Reviews

    What Would Keynes Do?The New York Times
    Book ReviewChicago Tribune

  • The Accidental Theorist

    And Other Dispatches from the Dismal Science



    In this wonderfully cohesive set of sharp and witty essays, Paul Krugman tackles bad economic ideas from across the political spectrum. In plain English, he enlightens us on the Asian crisis, corporate downsizing, and the globalization of the American economy, among other topics. The writing here brilliantly combines the acerbic style and clever analysis that has made Krugman famous. Imagine declaring New York its own country and you get a better picture of our trade balance with China and Hong Kong. Try reducing the economy to the production of hot dogs and buns and you'll understand why common beliefs about the impact of production efficiency on labor demand are wrong. This is a collection that will amuse, provoke, and enlighten, in classic Paul Krugman style.

    Penguin; New Ed edition (24 Jun 1999)


  • The Return of Depression Economics




    Surely the Great Depression could not happen again; our economists and policy makers simply have too many tools in their kit and too much experience applying them. Or could it? First it was Asia, in July 1997, when a series of event led to the collapse of six economies including Japan. Then came the failure of the Russian economy, followed by the Federal Reserve Board's bailout here in the United States of the over-leveraged Long Term Capital Management Corporation. In early 1999 it was Brazil's turn, with its own currency crisis. In the 1930s policy makers realized that they had to limit the free market in order to save it. Today, when governments worldwide have spent decades lifting regulatory restraints on trade within and across their borders, interference in markets is completely out of favor as a policy tool. With his usual creativity and willingness to consider new ideas, Krugman suggests that a variety of capital restraints may well be in order. This book is for anyone with any level of economic background who wishes to understand the stunning events in today's global economy.

    Penguin Books Ltd; New edition edition (6 April 2000)


  • The Great Unraveling

    Losing Your Way in the New Century



    This national bestseller from one of our most important political commentators chronicles the dangers of an administration that has raised dishonesty to dizzying heights. Award-winning economist Paul Krugman exposes the devastating facts that speak for themselves. From identifying the flaws in George W. Bush's economic plans to telling the story behind California's energy crisis, to revealing the administration's reasons for going to war in Iraq, Krugman offers compelling justification for his criticisms and sets the first years of the twenty-first century in a stark new light. This up-to-date edition includes a new introduction and other material that reflect the events of 2004.

    W. W. Norton & Company (August 2004)


  • The Conscience of a Liberal



    This wholly original new work by the best-selling author of The Great Unraveling challenges America to reclaim the values that made it great.


    With this major new volume, Paul Krugman, "the heir apparent to Galbraith" (Alan Blinder) and, today's most widely read economist, studies the past eighty years of American history, from the reforms that tamed the harsh inequality of the Gilded Age to the unraveling of that achievement and the reemergence of immense economic and political inequality since the 1970s. Seeking to understand both what happened to middle-class America and what it will take to achieve a "new New Deal," Krugman has created his finest book to date, a work that weaves together a nuanced account of three generations of history with sharp political, social, and economic analysis. This book, written with Krugman's trademark ability to explain complex issues simply, will transform the debate about American social policy in much the same way as did John Kenneth Galbraith's deeply influential book, The Affluent Society.

    W. W. Norton & Co.; First Printing edition (21 Sep 2007)


    Review

    Book ReviewDaily Kos

  • The Return of Depression Economics and the Crisis of 2008



    Winner of the Nobel Prize in Economics


    In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and pointed out that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback. In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises and a replay of the 1930s seems all too possible.

    In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style — lucid, lively, and supremely informed — this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis.

    Allen Lane (4 Dec 2008)


  • Global Economic Outlook

 

Fear, Loathing and Brexit
- The New York Times

Notes on Brexit
- The New York Times

Demand, Supply, and Macroeconomic Models
- The New York Times

Amazon's Monopsony Is Not O.K.
- The New York Times

Errors and Emissions
- The New York Times

Interview
- Princeton Magazine


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