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
To understand labor productivity—and growing inequality—you have to look at the “dual economy”
“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.
Wage suppression—not monopoly power—is fueling corporate profits and the growing gap between rich and poor
“Meso” level analysis of 16 producing sectors sheds light on broad forces shaping growth of employment and profits.
Featuring this expert
Today’s richest Americans may soon blow past the tycoons of the Roaring Twenties. Lance Taylor explains why, and what to do about it.
Lance Taylor explains how missing the big picture is too common in the field.
A little-understood rule in the tax code is making headlines. What’s all the fuss?