Paul Krugman Supports Stimulus, Warns No Quick Fixbr World Affairs Council: Oregon - World Affairs Council of Oregonbr Ten years ago, in The Return of Depression Economics, Paul Krugman warned of the financial crisis we are facing today.Princeton professor and winner of the 2008 Nobel Prize in Economics, Krugman is recognized worldwide for his ground-breaking theory of international trade. In his bi-weekly column in the New York Times, Krugman delivers a no-holds-barred commentary on economic policy, politics, and more.