The Economics Book

DIRECTORY 339

1990s he developed a model of job

creation and destruction with Dale

Mortensen. He and Mortensen,

along with Peter Diamond, were

awarded the 2010 Nobel Prize for

their analysis of markets.

See also: Searching and matching

304–05

PAUL KRUGMAN

1953–

Winner of the Nobel Prize in 2008

for his analysis of trade patterns,

US economist Paul Krugman is

known for his pioneering work in

international trade and finance, and

for his analysis of currency crises

and fiscal (tax) policy. He has held

many university teaching posts

and worked as an economic adviser

to the Reagan administration

during the 1980s but is considered

Left-leaning, politically. In the 1990s

he developed an approach to the

analysis of international trade that

is now known as new trade theory.

See also: Trade and geography 312

DANI RODRIK

1957–

Born in Istanbul, Turkey, Dani

Rodrik moved to the US for his

university studies. Now Professor

of International Political Economy

at Harvard University, his main fields

of interest are international and

development economics. He has

worked as a consultant for many

international organizations,

including the Centre for Economic

Policy Research, the Center for

Global Development, and the

Institute for International Economics.

See also: Market integration

226–31 ■ Resisting economic

change 328–29

HA-JOON CHANG

1963–

Born in South Korea, Ha-Joon

Chang is a leading critic of

mainstream economics. He

graduated from the National

University in Seoul before moving

to the UK to gain a PhD from the

University of Cambridge, where he

continues his research. Chang has

acted as a consultant to several

United Nations agencies, the

World Bank, the Asian Development

Bank, and a number of national

government agencies and NGOs.

He criticizes conventional

development policies as espoused

by the World Bank, and his book,

23 Things They Don’t Tell You

About Capitalism (2010) helped

to popularize aspects of

alternative economics.

See also: Asian Tiger economies

282–87

RENAUD GAUCHER

1976–

A graduate in psychology,

history, and geography as well as

economics, French thinker Renaud

Gaucher has sought to integrate

elements of the social sciences into

economic thinking and take a more

holistic approach. He has examined

the psychology of money and

behavioral economics from

the point of view of positive

psychology, with an emphasis

on the “economics of happiness,”

following the research of

economists such as Richard

Easterlin, and considering its place

in policies for development and

climate change.

See also: The economics of

happiness 216–19

Organization for Economic
Cooperation and Development
(OECD), while also holding high-
level academic posts. In 2009, she
was appointed to a three-year seat
on the United Nations. She is
especially remembered for her
challenges to conventional ideas
of globalization, through books such
as The Rise of “The Rest” (2001).
See also: Asian Tiger economies
282–87

ROBERT BARRO

1944–

US economist Robert Barro originally
studied physics, but then switched
to economics at the PhD level. He
has taught at many universities in
the US and is honorary dean of the
China Economics Academy at
the Central University of Beijing.
Barro was a leading figure in the
formation of the new classical
macroeconomics and first drew
attention in 1974 with his theories
on the effect of present borrowing
and future taxation. His later work
has focused on the influence of
culture on political economy.
See also: Borrowing and debt
76–77

CHRISTOPHER PISSARIDES

1948–

Born in the Greek-Cypriot village
of Agros, Christopher Pissarides
studied for a degree in economics
at the University of Essex, UK. He
then earned a PhD at the London
School of Economics in 1973, where
he has been on the staff since 1976.
His most significant contribution
has been in the field of searching
and matching theory in the labor
market, and unemployment. In the