"...Paul Robin Krugman (born February 28, 1953) is an economist at Princeton University who has written several books and since 2000 has written a twice-weekly op-ed column for The New York Times. He is currently a professor of Economics and International Affairs at Princeton University.
"Krugman is famous in academia for his work on trade theory in providing a model in which firms and countries produce and trade because of economies of scale and for his textbook explanations of currency crises. He was also a vocal critic of the new economy view of the late 1990s as well as pegged exchange rate regimes of the island Asia nations and Thailand before the 1997 debacle as well as relying on governments to defend the pegged rates that investors like Long Term Capital Management relied on just before the 1998 Russian debt default. His International Economics: Theory and Policy (currently in its seventh edition) is a standard textbook on international economics without resort to calculus. In 1991 he was awarded the prestigious John Bates Clark Medal by the American Economic Association. Krugman's economic philosophy can best be described as neo-Keynesian, which he has made accessible to the common reader in books such as Peddling Prosperity, which criticize Democratic policies of the late 1980s to mid 1990s.
"Krugman is an outspoken critic of the Bush administration's foreign and domestic policies. Unlike many economic pundits, Krugman is also regarded as an important scholarly contributor by some of his peers. Krugman has written over 200 articles and twenty books[1]—some of them academic, and some of them written for the layperson.
Look at his photo. Pretty obvious that considerable dosage of lithium was required to keep him sitting in pose for the camera. Has he ever been correct with any of his prognostications?