PAUL KRUGMAN, NEW YORK TIMES COLUMNIST AND PRINCETON ECONOMIST,
TO GIVE THE IRENE AND BERNARD L. SCHWARTZ LECTURE AT
NEW SCHOOL UNIVERSITY ON TUESDAY, APRIL 22, 2003 AT 6:00 PM

Krugman to discuss "What Went Wrong?"

(New York, NY – March 11, 2003) New School University announced today that Paul Krugman, columnist with The New York Times and Professor of Economics and International Affairs at Princeton University, will give this year's Irene and Bernard L. Schwartz Lecture on Tuesday, April 22, 2003, 6:00 PM at New School University's Tishman Auditorium, 66 West 12th Street, NYC. Paul Krugman's lecture on "What Went Wrong?" will look at the drastic worsening of American economic prospects over the last two years. This event is free and open to the general public. For more information, call 212-229-5901.

New School University President Bob Kerrey will moderate the evening, and Alice Rivlin, Henry Cohen Professor in New School University's Robert J. Milano Graduate School of Management and Urban Policy, will serve as a commentator.

Paul Krugman has become one of the nation's leading thinkers on economic issues and the current state of American fiscal and foreign policies. He is a columnist on the Op-Ed page of The New York Times. He is also Professor of Economics and International Affairs at Princeton University. He is the author or editor of more than 20 books and more than 200 papers in professional journals and edited volumes. His professional reputation rests largely on work in international trade and finance; he is one of the founders of the "new trade theory," a major rethinking of the theory of international trade.

In recognition of that work, in 1991 the American Economic Association awarded him its John Bates medal, a prize given every two years to "that economist under forty who is adjudged to have made a significant contribution to economic knowledge." Krugman's current academic research is focused on economic and currency crises.

At the same time, Krugman has written extensively for a broader public audience. Some of his recent articles on economic issues, originally published in Foreign Affairs, Harvard Business Review, Scientific American and other journals, are gathered in Pop Internationalism and The Accidental Theorist. His most recent books include The Return of Depression Economics and Fuzzy Math.

Krugman received his B.A. from Yale University in 1974 and his Ph.D. from MIT in 1977. He taught at Yale, MIT and Stanford before joining Princeton.

This is the second in the series of lectures on important public policy issues. Last year, former U.S. Treasury Secretary Robert Rubin and economist Stanley Fischer were the Bernard L. Schwartz Lecturers.

The Irene and Bernard L. Schwartz Lecture Series and Project in Markets, Equality and Democracy is a four-year project that includes a series of high profile public lectures, research workshops, scholarly books, doctoral dissertations and public policy briefs aimed at understanding the conditions under which the profit-seeking activities of private firms also serve broader social goals, including the creation of good jobs, the improvement of public health and education, the diffusion of socially-useful new technologies and the reduction of economic inequality. The project, which was created with a generous gift from Bernard L. Schwartz, chairman and CEO of Loral Space and Communications, Ltd., is based at the Graduate Faculty's Center for Economic Policy Analysis (CEPA), which is one of New School University's most prominent research centers.

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The Graduate Faculty of Political and Social Science awards M.A. and Ph.D. degrees in anthropology, economics, philosophy, political science, psychology, and sociology. In addition, interdisciplinary M.A. degree programs are offered in historical studies and liberal arts. The Graduate Faculty has an enrollment of about 1,050 students. International students comprise nearly 30% of the student body and come from about 70 different countries. For further information on the Graduate Faculty, call (212) 229-5777 or go to the Web site a: www.newschool.edu.

New School University, with 7,000 matriculated students and 25,000 continuing education students, is a New York City university committed to critical scholarship, artistic integrity, and ethical responsibility in the social sciences, humanities, the arts and design. It is comprised of a liberal arts foundation of three schools: The New School, Eugene Lang College and the Graduate Faculty of Political and Social Science, and five professional schools: Parsons School of Design, Mannes College of Music, Actors Studio Drama School, Milano Graduate School of Management and Urban Policy, and the Jazz & Contemporary Music Program. New School Online University offers one of the largest selections of online courses in the nation. For further information about admission to New School University, call (877) 5Ave-321 or go to the Web site at www.newschool.edu.