Anne Krueger

Anne Krueger
Name	Anne Krueger
Birth date	12 February 1934
Birth place	Endicott, New York, U.S.
Nationality	American
Field	International economics, Development economics
Institution	Stanford University, International Monetary Fund, World Bank, Johns Hopkins University
Alma mater	Oberlin College (B.A.), University of Wisconsin–Madison (M.S., Ph.D.)
Doctoral advisor	Harry G. Johnson
Known for	Rent-seeking, Trade policy, International Monetary Fund leadership
Awards	Bernhard Harms Prize (1997)

Anne Krueger is an influential American economist renowned for her work in international economics and development economics. She served as the First Deputy Managing Director of the International Monetary Fund and has held prominent academic positions at institutions including Stanford University and Johns Hopkins University. Krueger is widely recognized for pioneering the theory of rent-seeking and for her analysis of trade policy and economic development.

Early life and education

Born in Endicott, New York, she completed her undergraduate studies at Oberlin College, earning a Bachelor of Arts. She then pursued graduate work at the University of Wisconsin–Madison, where she received a Master of Science and a Ph.D. in economics. Her doctoral advisor was the prominent economist Harry G. Johnson, and her early academic training was deeply influenced by the Chicago school of economics.

Academic career

Krueger began her academic career as a professor at the University of Minnesota. She later held a long-term position at Duke University before joining the faculty of Stanford University. During her tenure at Stanford, she also served as the director of the university's Center for Research on Economic Development and Policy Reform. Her academic work has been published in numerous journals, including the American Economic Review and the Journal of Political Economy.

Work at the International Monetary Fund

In 2001, she was appointed First Deputy Managing Director of the International Monetary Fund, serving directly under Managing Director Horst Köhler. During her tenure, which lasted until 2006, she played a key role in the IMF's response to major financial crises, including those in Argentina and Turkey. She was also instrumental in developing the IMF's policy on sovereign debt restructuring and advocated for reforms within the institution.

Later career and affiliations

Following her service at the IMF, she returned to academia as a professor of international economics at the School of Advanced International Studies at Johns Hopkins University. She has also served as a senior fellow at the Stanford Institute for Economic Policy Research and the Hoover Institution. Throughout her career, she has been affiliated with organizations such as the National Bureau of Economic Research and the American Economic Association.

Major contributions and economic views

Her most cited contribution is the development of the concept of rent-seeking, which describes the pursuit of unearned income through political manipulation, a theory she advanced in a seminal 1974 paper. A proponent of free trade and market-oriented reform, she has conducted extensive research on trade liberalization, exchange rate regimes, and the role of government intervention in developing countries. Her work has often emphasized the detrimental effects of protectionism and import substitution industrialization.

Awards and honors

She has received numerous accolades for her work, including the prestigious Bernhard Harms Prize from the Kiel Institute for the World Economy in 1997. She is a distinguished fellow of the American Economic Association and has been awarded honorary doctorates from institutions such as Oberlin College and the University of St. Gallen. In 2010, she was recognized with the Global Economy Prize from the Kiel Institute.

Category:American economists Category:International Monetary Fund officials Category:1934 births Category:Living people