The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Krugman, Paul (1953–)

  • Steven Pressman
Reference work entry


This article discusses the main economic contributions of Paul Krugman. Krugman developed the new trade theory, which analyses the determinants of international trade when trade takes place among oligopolistic firms, and the new economic geography, which studies where firms locate nationally and worldwide. His also drew out the policy implications of these new theories. Finally, the article discusses Krugman’s early work on exchange rate regimes and his more recent work on economic slumps.


Currency crises Depressions New economic geography New trade theory 

JEL Classifications

F1 F3 R1 E6 
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Works About Krugman

  1. Behrens, K., and F. Robert-Nicoud. 2009. Krugman’s papers in Regional Science: The 100 dollar bill on the sidewalk is gone and the 2008 Nobel Prize well-deserved. Papers in Regional Science 88: 467–489.CrossRefGoogle Scholar
  2. Dixit, A. 1993. In honor of Paul Krugman: Winner of the John Bates Clark Medal. Journal of Economic Perspectives 7: 173–188.CrossRefGoogle Scholar
  3. Elmslie, B. 2010. One small step for man: Paul Krugman, the 2008 Nobel Laureate in Economics. Review of Political Economy 22: 1–17.CrossRefGoogle Scholar
  4. Feenstra, R. 2009. Paul R. Krugman, recipient of the 2008 Nobel Prize in Economics: An appreciation. Challenge 52: 97–107.CrossRefGoogle Scholar
  5. MacFarquhar, L. 2010. Profiles: The deflationist: How Paul Krugman found politics. The New Yorker, 1 March, 38–49.Google Scholar
  6. Neary, J.P. 2009. Putting the ‘new’ into new trade theory: Paul Krugman’s Nobel Memorial Prize in Economics. Scandinavian Journal of Economics 111: 217–250.CrossRefGoogle Scholar

Other References

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  2. Dixit, A., and J. Stiglitz. 1977. Monopolistic competition and optimum product diversity. American Economic Review 67: 297–308.Google Scholar
  3. Fisher, I. 1933. The debt-deflation theory of great depressions. Econometrica: 337–357.Google Scholar
  4. Leontief, W. 1953. Domestic production and foreign trade: The American capital position reexamined. Proceedings of the American Philosophical Society, 97, September. Reprinted in InputOutput Economics, 2nd ed, 1986, 65–93. New York: Oxford University Press.Google Scholar
  5. Leontief, W. 1956. Factor proportions and the structure of American trade: Further theoretical and empirical analysis. Review of Economics and Statistics, 38, November. Reprinted in InputOutput Economics, 2nd ed, 1986, 94–128. New York: Oxford University Press.Google Scholar
  6. Porter, M. 1990. Competitive Advantage of Nations. New York: Free Press.CrossRefGoogle Scholar
  7. Stolper, W., and P. Samuelson. 1941. Production and real wages. Review of Economic Studies 9: 58–73.CrossRefGoogle Scholar
  8. Williamson, J. 1983. The exchange rate system. Washington, DC: Institute for International Economics.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Steven Pressman
    • 1
  1. 1.