He described how industries tend to be concentrated in one location in his "new economic geography".
In a paper that launched the first generation of currency crisis models, this economist argued that fixed exchange rate regimes tend to end in dangerous speculative attacks. He described how industries tend to be concentrated in one location in his "new economic geography". This thinker posited that the tension between consumers' desire for variety and economies of scale is alleviated by, and fuels, international trade. He has argued that the recent recession is an example of a Keynesian liquidity trap, just as he suggested Japan experienced in the 1990s in The Return of Depression Economics. His New Trade Theory earned him the 2008 Nobel Prize. He wrote the more political works The Great Unraveling and The Conscience of a Liberal. For 10 points, name this Princeton economist, an op-ed columnist for the New York Times.
In a paper that launched the first generation of currency crisis models, this economist argued that fixed exchange rate regimes tend to end in dangerous speculative attacks.
Paul Robin Krugman