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Lance Taylor

  • Arnhold Professor of International Cooperation and Development, New School for Social Research
Involvement
Macroeconomic stabilization and adjustment in developing and transition economies; reconstruction of macroeconomic theory.

Lance Taylor received a B.S. degree with honors in mathematics from the California Institute of Technology in 1962 and a Ph.D. in Economics from Harvard University in 1968. He has been a professor in the economics departments of Harvard and the Massachusetts Institute of Technology, among other research institutions. He is currently the Arnhold Professor of International Cooperation at the New School for Social Research. He has published widely in the areas of macroeconomics, development economics, and economic theory. His most recent book is Maynard’s Revenge: The Collapse of Free Market Economics.

By this expert

Where Do Profits and Jobs Come From? Employment and Distribution in the US Economy

Paper Working Paper Series | By Lance Taylor and Özlem Ömer | May 2018

“Meso” level analysis of 16 producing sectors sheds light on broad forces shaping growth of employment and profits. 

Why Stopping Tax “Reform” Won’t Stop Inequality

Article By Lance Taylor | Dec 15, 2017

Inequality isn’t driven by taxes—it’s driven by the power of capital in relation to workers

Trump-Style Policies Will Deepen the “American Carnage”

Article By Lance Taylor | Jun 20, 2017

Current proposals will worsen inequality and harm those Trump promised to protect—while further enriching the top 1%

The “Natural” Interest Rate and Secular Stagnation: Loanable Funds Macro Models Don’t Fit the Data

Paper Commentary | By Lance Taylor | Oct 2016

The main point of this paper is that loanable funds macroeconomic models with their “natural” interest rate don’t fit with modern institutions and data. Before getting into the numbers, it makes sense to describe the models and how to think about macroeconomics in the first place.

Featuring this expert