U of T news
  • Follow U of T News

Honorary graduate Paul Krugman

Renowned for his examination of the effects of economies of scale and consumer preferences for diverse goods and services, Paul Krugman will address the Convocation of students graduating with a Bachelor of Commerce degree June 14

Paul Krugman has at least three jobs: he is professor of economics and international affairs at Princeton University, and, perhaps, his best-known job, as an op-ed columnist for The New York Times.

In recognition of his influence The Washington Monthly called him “the most important political columnist in America.”

In recognition of his extraordinary accomplishments, the University of Toronto confers the degree of Doctor of Laws, honoris causa on Krugman June 14. (Watch the ceremony online.)

Krugman’s reputation extends well beyond the U.S. The Asia Times recently called him “the Mick Jagger of political/economic punditry.” The Economist said he is “the most celebrated economist of his generation.” In December 2008, Krugman received the Nobel Memorial Prize in Economic Sciences for 2008, honoring his work in international trade patterns. Previously he was awarded what is understood to be the European Pulitzer Prize, the Asturias Award given by the King of Spain.

Krugman is the author or editor of 23 books and more than 200 professional journal articles, many of them on international trade and finance. In recognition of his work, he received the John Bates Clark Medal from the American Economic Association, an award given every two years to the top economist under the age of 40.

For more than 20 years, Krugman has written extensively for non-economists, including a monthly column, “The Dismal Science,” for the on-line magazine Slate. He has also been a columnist for Fortune and has published articles in The New Republic, Foreign Policy, Newsweek, and The New York Times Magazine, before joining The New York Times.

Prior to his appointment at Princeton, Krugman served on the faculty of MIT; his last post was Ford International Professor of Economics. He has also taught at Yale and Stanford Universities, and prior to that he was the senior international economist for the President’s Council of Economic Advisers, under Ronald Reagan. (Yes, he served under a conservative president.)

He is a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, and a member of the Group of Thirty. He has served as a consultant to the Federal Reserve Bank of New York, the World Bank, the International Monetary Fund, the United Nations, as well as to a number of countries including Portugal and the Philippines.