1.1 About The Authors

Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, is Professor of Economics at Princeton University, where he regularly teaches the principles course. In the summer of 2015 he will join the faculty of the Graduate Center, City University of New York, and become a distinguished scholar at the Graduate Center’s Luxembourg Income Study Center. Krugman received his BA from Yale and his PhD from MIT. Prior to his current position, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982–1983. His research is mainly in the area of international trade, where he is one of the founders of the “new trade theory,” which focuses on increasing returns and imperfect competition. He also works in international finance, with a concentration in currency crises. In 1991, Krugman received the American Economic Association’s John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. He is a regular op-ed columnist for the New York Times. His latest trade books, both best sellers, include End This Depression Now!, a look at the recent global financial crisis and recovery, and The Return of Depression Economics and the Crisis of 2008, a history of recent economic troubles and their implications for economic policy. His earlier books, The Conscience of a Liberal, Peddling Prosperity, and The Age of Diminished Expectations, have become modern classics.

Robin Wells, was a Lecturer and Researcher in Economics at Princeton University. She received her BA from the University of Chicago and her PhD from the University of California at Berkeley; she then did postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southampton (United Kingdom), Stanford, and MIT. The subject of her teaching and research is the theory of organizations and incentives.