Krugman grew up in Merrick and graduated from Kennedy High School in Bellmore before earning a bachelor's degree from Yale in 1974 and a doctorate from MIT in 1977.
The honor, created in 1968 by the Swedish central bank, includes a $1.4 million cash prize. Krugman, whose work over the years has focused on international trade, is the co-author of "International Economics: Theory and Policy" and "Peddling Prosperity."
In his twice-weekly column in The Times, Krugman has been an outspoken critic of the Bush administration's economic policies, making him a target of conservative commentators. In 2003 he published a collection of his columns, "The Great Unraveling." Krugman has also written for Fortune, Slate, the Harvard Business Review, Foreign Policy, The Economist, Harper's and Washington Monthly.
Most recently, he published "The Conscience of a Liberal," which examined the wealth gap in the U.S. in the 20th century.
