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Lance Taylor

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

Market Power, Low Productivity, and Lagging Wages: The Real Drivers

Article | Aug 23, 2018

To understand labor productivity—and growing inequality—you have to look at the “dual economy”

Race to the Bottom: Low Productivity, Market Power, and Lagging Wages

Paper Working Paper Series | | Aug 2018

“Dualism” in the structure of production across sectors of the US economy, employment by sector, productivity levels and growth, real wages, and intersectoral terms-of trade increased markedly between 1990 and 2016. 

The Real Driver of Rising Inequality

Article | May 1, 2018

Wage suppression—not monopoly power—is fueling corporate profits and the growing gap between rich and poor

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

Paper Working Paper Series | | May 2018

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

Featuring this expert

Reawakening

From the Origins of Economic Ideas to the Challenges of Our Time

Event Conference #INET2017 | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.

Are Economists in Denial About What's Driving the Inequality Trainwreck?

Article | Jan 27, 2016

Today’s richest Americans may soon blow past the tycoons of the Roaring Twenties. Lance Taylor explains why, and what to do about it.

Do Economists Understand the Economy?

Video | Dec 1, 2015

Lance Taylor explains how missing the big picture is too common in the field.

Why Carried Interest is Suddenly the Inequality Flashpoint

Article | Sep 11, 2015

A little-understood rule in the tax code is making headlines. What’s all the fuss?