Steven Fazzari is Professor of Economics and Associate Director of the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis. He received his Ph.D. in economics from Stanford University in 1982. Professor Fazzari's research explores two main areas: the financial determinants of investment and R&D spending by U.S. firms and the foundations of Keynesian macroeconomics. His published articles appear in a wide variety of academic journals and books. A recent search found more than 1,200 citations to Fazzari's publications in the Research Papers in Economics database (over 6,000 in Google Scholar). In addition, his research and commentary on public policy issues have been highlighted in the national media. Fazzari is co-editing a book forthcoming from Cambridge University Press that investigates the sources and responses to the U.S. “Great Recession” that began in late 2007. His current research supported by the Institute for New Economic Thinking (INET) studies the factors that drive economic growth, fiscal policy, and the macroeconomic effects of inequality.
Fazzari teaches macroeconomics, from introductory freshman courses to advanced Ph.D. seminars. His teaching awards include the Missouri Governor’s award for excellence in university teaching, the Emerson Award for teaching excellence, and Washington University's distinguished faculty award. To expand the scope of his teaching, Fazzari is also developing a new web resource with the support of INET that explains basic Keynesian economics and its relevance to current policy issues to a general audience. The site can be accessed at: http://muddywatermacro.wustl.edu/.
