Nobel Winners

NBER Researcher Wins Nobel Prize in Economics

NBER Research Associate Paul Krugman of Princeton University is the winner of the 2008 Nobel Prize in Economics. Krugman has been affiliated with the NBER since 1979 and is a member of the Programs on International Trade and Investment and International Finance and Macroeconomics. The Prize Committee of the Royal Swedish Academy of Sciences summarized his contributions as “deepen[ing] our understanding of the determinants of trade and the location of economic activity. His seminal papers … were instrumental to the development of the new trade theory … and inspired the new approach to economic geography.”

Krugman joins a long list of current and past NBER affiliates who have received the Prize, including: Edward C. Prescott and Finn Kydland, 2004; Robert F. Engle, 2003; George Akerlof and Joseph E. Stiglitz (shared with Michael Spence), 2001; James J. Heckman and Daniel L. McFadden, 2000; Robert C. Merton and Myron S. Scholes, 1997; Robert E. Lucas, Jr., 1995; Robert W. Fogel, 1993; Gary S. Becker, 1992; and the late George J. Stigler, 1982, Theodore W. Schultz, 1979, Milton Friedman, 1976, and Simon Kuznets, 1971.