Paul Robin Krugman (natural February 28, 1953) is an American economist who has written several books & since 2000 has written the twice-weekly column for The New York Times. He presently teaches at Princeton University.

Krugman is probably better known to the public as an outspoken critic of the economic & general policies of the administration of George W. Bush, views he presents in his column for the Times op-ed page. Unlike several economic pundits, Krugman is also look on an significant scholarly contributor by his peers. Krugman has written complete 200 articles & twenty [http://www.nytimes.com/ref/opinion/KRUGMAN-BIO.html] books — a select few of the children faculty member, & occasionally of the two written for the layman. His International Economics: Theory & Policy occurs as standard textbook on international economics. Around 1991 he was awarded the prestigious John Bates Clark Medal by the American Economic Association.

Biography

Krugman was born & grew abreast Long Island, and majored around economic science (though his initial interest was within history) as an undergrad at Yale University. He found the Ph.D. from either MIT in 1977 & taught at Yale, MIT and Stanford University before joining the faculty of Princeton University, where he has been since 2000. From either 1982 to 1983, he spent a year working at a Reagan White House as a member of the Council of Economic Advisers. He is besides a member of the international economic immune system, the Group of Thirty.

Once Bill Clinton came into office within 1992, it was required that Krugman would become given the leading post, however he was passed above for various reasons. Even so, this allowed him to turn to writing journalism for wider audiences, number one for Fortune and Slate, later for The Harvard Business Review, Foreign Policy, The Economist, ''Harper's, and Washington Monthly''. In the early-1990's, he argued that a incubation of economies inside East Asia were non a symptom of newly & original economic system, however like increased capital & labor inputs, which did non effect withwithin an increase in total factor productivity. His prediction wwhen that first economic incubation around East Asia would slow as it became supplementary hard to generate economic incubation from either increasing inputs.

Within his have words, he became proficient at "new kind of writing ... essays for non-economists that were clear, effective, and entertaining." Krugman experienced been considered the in all probability pick for the top economic policy post in case John Kerry had won the 2004 presidential election.

Krugman worked in an advisory board for Enron throughout most of 1999 before resigning to take a job as a columnist. This became the source of contention after the story of the Enron scandal broke, by with critics accusing him of getting a conflict of interest & the job of having been a bribe to control media coverage, charges he vehemently denies. He besides notes that he disclosed a retiring Enron relationship whilst he late wrote just about a company [http://www.wws.princeton.edu/~pkrugman/enron.html].

Since January 2000, he has contributed the twice-weekly column to the Opinion/Editorial document of the New York Times, which has made him, in the words of the Washington Monthly, "the most important political columnist in America... he is almost alone in analyzing the most important story in politics in recent years — the seamless melding of corporate, class, and political party interests at which the Bush administration excels."

Within September, 2003, Krugman published a collection of his columns under the title, A Swell Unraveling. It was the vituperative attack on the Bush's administration's economic & foreign policies. His independent argument was that the big deficits by that Bush administration withinside response to two decreasing taxation, maintaining public disbursement, & combat the war in Iraq were in the long process unsustainable, & would yet generate a major economic crisis. A book was an quick best seller. Krugman combines the heavy respect for the loose market by using the populist streak.

Krugman's high profile & his willingness to location controversial cases use turned him into the target of heavily criticism, & for instance possibly portable attacks, by his disparager, also when praise from either the growing body of fans. National Review Online columnist Donald Luskin in particular has been a noted critic of Krugman, & is the leader of the "Krugman Truth Squad" [http://www.poorandstupid.com/chronicle.asp], the class action of commentators dedicated to debunking Krugman's perceived deceptions [http://home.pacbell.net/weidners/jottings2/krugman_index.htm].

More easily-known critics of Krugman come Lawrence Kudlow and James Cramer of CNBC, who develop criticized Krugman for his views against supply-side economics. In his TV program Mad Money, Cramer also voodooed Krugman as a "bubble head" by bursting a helium-inflated bubble marked "KRUGMAN", for complaining just about the conceivable "housing bubble". Kudlow (world health organizatiin, rather Donald Luskin, besides works for National View On the internet), on his side, has debated Krugman on the previous CNBC TV indicate Kudlow & Cramer and on the last episode of Dylan Ratigan's Bullseye on March 11, 2005, and has frequently criticized him on his program Kudlow & Company. Too in CNBC in August 7, 2004 on Tim Russert's eponymous program, Bill O'Reilly confronted Krugman in a heated discussion, calling Krugman a "quasi-socialist". Krugman replied "And you take a look at anything I've written about economics, and I'm not a socialist. You know, that's a slander." When O'Reilly responded "I said quasi", Krugman retorted "Well, that's a wonderful, then you're a quasi-murderer...quasi is a pretty open thing." [http://pkarchive.org/economy/TimRussert080704.html]

In the Nineties, Krugman's focus get on what may be described when policy political economy, which he attempted to tell you to the general audience within such works when Peddling Prosperity & columns attacking what he described when "policy entrepreneurs" world health organizatiin were focussed individual-mindedly on particular solutions, which it proposed when solving each conceivable crisis.

Krugman was a independent designer of the zero interest rate policy.

Krugman's economic philosophy might right become described when neo-Keynesian.

Quotations

About Krugman

"Until the emergence of Democrat leader John Kerry, Paul Krugman had virtually become the leader of the opposition in America, an unusual position for an academic economist." – [http://news.sbs.com.au/dateline/index.php?page=transcript&headlineid=799 Dateline], Special Broadcasting Service (AU), March 31, 2004

By Krugman

When asked to define a economic policy of the Bush administration: "There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with problems. They use problems to justify things they wanted to do anyway. So there is no policy to deal with the lack of jobs. There really isn't even a policy to deal with terrorism. It's all about how can we spin what's happening out there to do what we want to do." – [http://www.buzzflash.com/interviews/03/09/11_krugman.html BuzzFlash interview], 11 September 2003

"The media are desperately afraid of being accused of bias. And that's partly because there's a whole machine out there, an organized attempt to accuse them of bias whenever they say anything that the Right doesn't like. So rather than really try to report things objectively, they settle for being even-handed, which is not the same thing. One of my lines in a column -- in which a number of people thought I was insulting them personally -- was that if Bush said the Earth was flat, the mainstream media would have stories with the headline: 'Shape of Earth--Views Differ.' Then they'd quote some Democrats saying that it was round." [http://www.facsnet.org/tools/tweaks/tweaks3.html]

Bibliography
Authored or co-authored
[http://www.worthpublishers.com/krugmanwellsnew/main.htm Economics] (non eventually promulgated) Microeconomics & Student Cdr (non eventually freed) (ISBN 0716767007) Microeconomics & Survey Cure (non eventually freed, November 2004) (ISBN 071676699X) Krugman Wall Street Journal Sub Card (non however freed, November 2004) *Microeconomics (March 2004) (ISBN 0716759977) A Nifty Unraveling: Losing My Way in the Fresh Century (September 2003) (ISBN 0393058506) A book of his Up to date York Days columns, several of a two treating by owning Bush economic policies, a select few treating by having the economy in the main. International Economic science: Theory & Policy (Sixth Edition) (26 July 2002) (ISBN 0201770377) ''A Fresh Trade Agenda (Foreign Affairs Editors' Selection) (December 2001) (ISBN 0876093020) Fuzzy Maths: A Necessity Option to the Bush Taxation Project (4 May 2001) (ISBN 0393050629) A Spatial Economy - Cities, Regions & International Trade (by having Masahisa Fujita, Anthony Venables)(July 1999, MIT press)(ISBN 0-262-06204-6) A Go to of Depression Political economy (1 May 1999) (ISBN 039304839X) In this operate Krugman considers a hanker economic stagnation of Japan through a Nineties, the Asian financial crisis, & problems around Latin Us, and concludes that a typically accepted idea among economic expert that depressions may be prevented is no protracted avowedly. A Accidental Theoretician & More Dispatches from either a Dispiriting Science'' (1 May 1998) (ISBN 0393046389) A collection of Krugman's articles for various publications on a economy. International Economic science (March 1998) (ISBN 0673521869) A Age of Atrophied Expectations, Third Edition (8 August 1997) (ISBN 0262112248) Fight (1 January 1997) Pop Internationalism (1 March 1996) (ISBN 0262112108) Self Organizing Economy (1 February 1996) (ISBN 087609177X) Emu & a Regions (December 1995) (ISBN 1567080383) Development, Geographics, & Economic Theory (Ohlin Lectures) (15 September 1995) (ISBN 0262112035) Peddling Prosperity: Economic Feel & Nonsense around an Age of Wasted Expectations (1 April 1995) (ISBN 0393312925) A book for victims looking to read a history of economic thought from either a period of the 1st rumblings of rising against Keynesianism to the present. Written for the political economy layperson. Somewhat heavy, however worthwhile in the opinion of a few. Foreign Directly Investment in the United States (Tertiary Edition) (1 February 1995) (ISBN 0881322040) Globe Economics Shortage (1 September 1994) (ISBN 0881321613) What Launder You Require to Understand All about a International Monetary Body? (Essays inside International Finance, There are no 190 July 1993) (1 June 1993) (ISBN 0881650978) Currencies & Crises (11 June 1992) (ISBN 0262111659) Geographics & Trade (Gaston Eyskens Lecture Series) (August 1991) (ISBN 0262111594) A Risks Facing the World Economy (July 1991) (ISBN 1567080731) Has a Adjustment Run Worked? (Policy Analyses inside International Political economy, 34) (1 June 1991) (ISBN 0881321168) Rethinking International Trade (1 April 1990) (ISBN 0262111489) National trading policy & Market Structure (30 March 1989) (ISBN 0262081822) Exchange-Rate Instability (Lionel Robbins Lectures) (2 November 1988) (ISBN 0262111403) Adjustment in the Globe Economy (August 1987) (ISBN 1567080235) Strategical National trading policy & a Recently International Economic science (January 1986) (ISBN 0262111128) Market Structure & Foreign Trade: Increasing Comes back, Frail Competition, & a International Economy (1 May 1985) (ISBN 0262081504)

Edited or co-edited
Currency Crises (National Bureau of Economic Search Conference Report) (1 September 2000) (ISBN 0226454622) Trade by using Japan : Has a Door Opened Wider? (National Bureau of Economic Scientific research Report) (1 March 1995) (ISBN 0226454592/) Empirical Studies of Strategical Trade Policy (National Bureau of Economic Scientific research Report) (15 April 1994) (ISBN 0226454606) Exchange Rate Targets & Currency Elastic (October 1991) (ISBN 0521415330)