Popular American economist Paul Krugman is also a professor, author, actor, journalist, and commentator. He was previously an economist at the Graduate Center of the City University of New York and a columnist for The New York Times. At MIT and Princeton University, he has additionally taught economics.
Let’s know more about him and look at Paul Krugman net worth 2023, records, career and more.
What is Paul Krugman’s Net Worth and Salary 2023?
American economist Paul Krugman is a Nobel Prize winner and New York Times writer and has a $4 million estimated net worth. His work on economic geography, liquidity traps, and international economics is well known.
His works have been published in numerous books and journals, and he has received multiple awards, including the John Bates Clark Medal and the Nobel Memorial Prize in Economic Sciences.
Krugman is one of the most influential economists in the world today and is widely respected for his work.
In addition to his work in economics, he has also been a vocal advocate for progressive causes, often speaking out against austerity measures and income inequality.
Paul Krugman typically makes between $300,000 and $500,000 per year between his teaching income, New York Times salary, speaking engagements, and media pundit salaries.
For example, Krugman earns $255,000 a year while teaching at the City University of New York.
Paul Krugman Overview
Early Life
Anita and David Krugman welcomed their son Paul on February 28, 1953, in Albany, New York, in the United States. He has gone to John F. Kennedy High School for his studies. Reading the Foundation books by Isaac Asimov sparked his interest in economics.
He received a distinction-filled BA in economics from Yale University in 1974. After that, he moved to Massachusetts Institute of Technology (MIT), where he pursued his studies and graduated in 1977 with a Ph.D. in economics.
He was a member of a select group of undergraduate students hired by the Central Bank of Portugal in 1976 for a three-month internship. Essays on flexible exchange rates were the title of the MIT thesis he completed.
Career
In 1977, Paul Krugman started his career by taking a position as an assistant professor at Yale University. A couple of years later, he joined MIT. He served as a member of the Council of Economic Advisers’ staff at the Reagan White House from 1982 to 1983.
In 1984, he returned to MIT after holding faculty posts at Stanford, Yale, and the London School of Economics. He began his position as an Economics and International Affairs Professor at Princeton University in 2000.
In 2015, he left Princeton and joined the City University of New York’s Graduate Center. He has published extensively on issues related to global economics, such as global trade, global economic geography, and global finance.
He co-authored “International Economics: Theory and Policy,” a common undergraduate textbook on international economics, with Robin Wells.
Paul received the 2008 Nobel Memorial Prize in Economic Sciences, which came with roughly $1.4 Million, for his work on the New Trade Theory, New Economic Geography, and Home Market Effect.
He has written several popular books and is a well-known author and commentator. Additionally, he has frequently written for The New York Times.
In the opinion of well-known economist J. Peter Neary, Paul has written more than any other author to convey economic ideas to a larger audience.
Throughout his career, he has published work for Fortune, Slate, The Harvard Business Review, Foreign Policy, The Economist, Harper’s, and Washington Monthly.
Personal Life
Robin Wells, an academic economist who has worked with Paul Krugman on several textbooks on economics, is his wife.
He moved to New York City in 2015 to concentrate more on public policy concerns, where he currently resides. Before Robin L. Bergman, a designer by trade, they were married.
Awards and Achievements
Over the years, Krugman has won various awards for his work. He received the Adam Smith Award from the National Association for Business Economics and the John Bates Clark Medal from the American Economic Association in the 1990s.
The H.C. Recktenwald Prize in Economics from the University of Erlangen-Nuremberg and the Columnist of the Year honor from Editor & Publisher magazine were among Krugman’s honors in the early 2000s.
Only Krugman received the Nobel Memorial Prize in Economic Sciences in 2008. His other honors have included the James Joyce Award, the Gerald Loeb Award, and the Howland Memorial Prize from Yale University.
The University of Oxford, Haverford College, Lisbon, the University of Toronto, and other universities have all been awarded Krugman honorary doctorate.
Why is Paul Krugman famous?
In 2010, Krugman, one of the most well-known economists in the world, served as president of the Eastern Economic Association.
He is well-known in academia for his work on economic geography, liquidity traps, currency crises, and international economics (particularly trade theory and international finance).
FAQs about Paul Krugman
What is Krugman new trade theory?
When Krugman’s NTT considers consumer demand for various brands, the model predicts that many comparable products will be transferred back and forth between similar nations.
What is Paul Krugman illness?
Even further, he holds the weird view that nutrition can treat HIV, the virus he discovered.
How old is Paul Krugman?
Paul Krugman age is 69 years old.
How tall is Paul Krugman?
Paul Krugman height is 5 ft 6 in (170.0 cm).
Conclusion
Paul Krugman has had an impressive career as an economist, professor, author, actor, journalist and commentator. With his countless records and awards, he will continue to influence the world of economics for years to come.
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