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Krugman was President of the Eastern Economic Association in 2010, [11] and is among the most influential economists in the world. [12] He is known in academia for his work on international economics (including trade theory and international finance), [ 13 ] [ 14 ] economic geography, liquidity traps , and currency crises .
His most famous work, Progress and Poverty (1879), sold millions of copies worldwide. [1] The treatise investigates the paradox of increasing inequality and poverty amid economic and technological progress, the business cycle with its cyclic nature of industrialized economies, and the use of rent capture such as land value taxation and other ...
Progressive economics—also known as New Progressive Economics [6] —made a comeback in the United States to the forefront public discourse after the Great Recession of the late 2000s. Popular dissatisfaction with government policies favouring big business and the bailout of banks led to the emergence of the Occupy Wall Street movement.
This article lists notable socialist economists and political economists This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources .
Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. [4] One of the most influential economists of the 20th century, [5] [6] [7] he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. [8]
He was commenting on the phenomenon of “greedflation,” an economic bugbear previously beloved of progressive economists, not quite venerable 160-year-old French investment banks.
Although this work presented many controversial points of view which differed from existing viewpoints established by Keynes, A Theory of the Consumption Function helped Friedman gain respect in the field of economics. His work on the permanent income hypothesis is among the many contributions which were listed as reasons for his Sveriges ...
The announcement of the 2008 Nobel Memorial Prize in Economic Sciences in Stockholm. The winner of the prize was Paul Krugman.. The Nobel Memorial Prize in Economic Sciences, officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an award funded by Sveriges Riksbank and ...