‘Giant of the field’ Robert Mundell dies

The Nobel laureate influenced a generation of economists via the Mundell-Fleming model

Robert Mundell
Stuart Isett / Fortune Global Forum

The influential international economist and Nobel laureate Robert Mundell has died, aged 88.

Mundell, a professor of economics at Columbia University since 1974, shaped the course of 20th century economics with his ideas on the dynamics of open economies. Paul Krugman, himself a Nobel laureate in economics, described Mundell as a “giant of the field”. Mundell was also an editorial adviser to Central Banking.

Mundell was born in Canada in 1932, though he went on to spend most of his

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