In 1991
n. Krugman is the outstand- ing international economist among his generation and has played a leading role in virtually every important development in international economics during the past decade, making path-breaking contributions to the "nonmonetary" theory of international trade and, in the study of open-economy macroeconomics, to the analysis of the determinants of exchange-rate movements. While in its sheer volume Paul Krugman's scholarly output has been nothing short of phenomenal, the quality of the individual papers and their impact has been still more impressive. If he has not been the sole contributor to the major reorientations with which his name is associated in our thinking about international economics, and about economics more generally, it must be acknowledged that in remark- ably many instances he was first and most influential.
Paul Krugman joined The New York Times in 1999 as a columnist on the Op-Ed Page and continues as professor of Economics and International Affairs at Princeton University.Mr. Krugman received his B.A. from Yale University in 1974 and his Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford. At MIT he became the Ford International Professor of Economics.Mr. Krugman is the author or editor of 20 books and more than 200 papers in professional journals and edited volumes. His professional reputation rests largely on work in international trade and finance; he is one of the founders of the "new trade theory," a major rethinking of the theory of international trade. In recognition of that work, in 1991 the American Economic Association awarded him its John Bates Clark medal, a prize given every two years to "that economist under forty who is adjudged to have made a significant contribution to economic knowledge." Mr. Krugman's current academic research is focused on economic