Paul Krugman
![](/Images/godic/202501/22/Paul_Krugman-press_conference_Dec_07th,_2008-85738.jpg")
![Krugman giving a lecture at the German National Library in Frankfurt in 2008.](/Images/godic/202501/22/Paul_Krugman_at_the_German_National_Library_in_Frankfurt5738.jpg")
![Graph illustrating Krugman’s ‘core-periphery’ model. The horizontal axis represents costs of trade, while the vertical axis represents the share of either region in manufacturing. Solid lines denote stable equilibria, dashed lines denote unstable equilibria.](/Images/godic/202501/22/Distribution_of_Manufacturing_between_Two_Regions5738.png")
![President George W. Bush poses for a photo with Nobel Prize winners Monday, Nov. 24, 2008, in the Oval Office. Joining President Bush from left are, Dr. Paul Krugman, Economics Prize Laureate; Dr. Martin Chalfie, Chemistry Prize Laureate; and Dr. Roger Tsien, Chemistry Prize Laureate.](/Images/godic/202501/22/President_George_W._Bush_poses_for_a_photo_with_Nobel_Prize_winners_Monday,_Nov._24,_20085738.jpg")
Paul Robin Krugman (pronunciation: /ˈkrʊɡmən/ KRUUG-mən; born February 28, 1953) is an American economist, Distinguished Professor of Economics at the Graduate Center of the City University of New York, and an op-ed columnist for The New York Times. In 2008, Krugman was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services.