Paul Krugman
Born in 1953, Paul Krugman is an American economist. Since 1999, he has been a regular contributor of op-ed pieces to the New York Times. In 2008, he obtained the Nobel Prize for Economic Sciences for his work on trade patterns and the location of economic activity. A professor of Economics and International Affairs at Princeton University, he is also the author of 25 books on trade and international finance, and a large number of articles for such magazines as Foreign Affairs, Harvard Business Review and Scientific American.
Updated: 12 January 2010
In talks with the IMF, European governments have pledged to take “all necessary measures” to prevent the collapse of the Eurozone. However, as New York Times columnist and Economics Nobel Prize laureate Paul Krugman points out, until now their actions have only served to undermine the single currency. 
At a time when critics of Barack Obama's health-care reforms accuse the US President of attempting to impose social democracy in Washington, economist and Nobel Prize laureate Paul Krugman points out that European-style social democracy, which is often vilified by American conservatives, actually works.