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~Professor and Journalist Paul Krugman Offers Goldman Lecture at Wellesley College Feb. 25~

For immediate release:
Feb. 24, 2003

Arlie Corday,

WELLESLEY, Mass. --Paul Krugman, a professor of economics and international affairs at Princeton University, who also writes an op-ed columnist for The New York Times, will answer the question for which we'd all like an answer in today's political and economic climate: "What Went Wrong?"

Sponsored by the Wellesley College Department of Economics and Professor Emeritus Marshall Goldman, the lecture will take place Tuesday, Feb. 25, at 8 pm in Jewett Auditorium. For insight into Krugman's world, here are excerpts from his web site ( "I got my Ph.D. from MIT in 1977 and have since taught at Yale and Stanford as well as MIT. I also spent an eye-opening year working at the White House (Council of Economic Advisers) in 1982-83. In 1991 I received my major professional gong, the John Bates Clark Medal, given by the American Economic Association every two years to an economist under 40. I have written or edited 18 books (I think) and several hundred articles. Most of these are about international trade (I helped found the so-called "new trade theory," which is about the consequences of increasing returns and imperfect competition for international trade) and international finance, and are pretty well incomprehensible to laymen. However, since I wrote The Age of Diminished Expectations in 1989, I have increasingly tried to communicate with non-economists through op-eds, magazine articles and so on. It turns out that people have a hard time tracking all of this stuff down; hence this page.

"...With any luck, you will find many of these pieces extremely annoying. My belief is that if an op-ed or column does not greatly upset a substantial number of people, the author has wasted the space. This is particularly true in economics, where many people have strong views and rather fewer have taken the trouble to think those views through--so that simply insisting on being clear-headed about an issue is usually enough to enrage many if not most of your readers. But read the articles and judge for yourself." For more information, call 781-283-2154.

Founded in 1875, Wellesley College has been a leader in liberal arts and the education of women for more than 125 years. The College's 500-acre campus near Boston is home to 2,300 undergraduate students.


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