
The White House · Public domain
Paul Krugman
American economist
b. 1953age 73Living
Won the 2008 Nobel Memorial Prize in Economic Sciences alone, for models explaining why trade happens between similar countries producing similar goods — not classical comparative advantage, but economies of scale and consumers' taste for variety. He taught at MIT and Princeton before moving to CUNY, and for nearly a quarter-century wrote a New York Times column that made him one of the most widely read economists alive, arguing most vocally for expansionary policy through the 2008 financial crisis and its aftermath.