Paul Krugman


Paul Krugman

© The Nobel Foundation. Photo: U. Montan

Paul Krugman
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008

Born: 28 February 1953, New York, NY, USA

Affiliation at the time of the award: Princeton University, Princeton, NJ, USA

Prize motivation: “for his analysis of trade patterns and location of economic activity”

Prize share: 1/1


International trade has long been a central issue in economic science. The traditional theory posits that different countries have different circumstances, and therefore their people tend to produce different goods. Paul Krugman instead claimed in his 1979 theory that economies of scale mean that world trade is dominated by similar countries producing similar products. Economies of scale and reduced transport costs also explain why an increasing proportion of people live and work in cities.

To cite this section
MLA style: Paul Krugman – Facts. Nobel Prize Outreach AB 2023. Mon. 11 Dec 2023. <>

Back to top Back To Top Takes users back to the top of the page

Streams during Nobel Week

Watch the 2023 Nobel Prize lectures, the Nobel Prize Concert, Nobel Week Dialogue, the prize award ceremonies in Oslo and Stockholm and Nobel Peace Prize Forum here at
Watch lectures and award ceremonies

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.