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

Synthetic MMT: Old Line Keynesianism with an Expansionary Twist

Paper Working Paper Series | | Oct 2019

Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

Central Bankers, Inflation, and the Next Recession

Article | Sep 3, 2019

Summers and Stansbury Get It Half Right

Macroeconomic Stimulus à la MMT

Article | Apr 30, 2019

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

A Reply to Michael Grubb’s Growth-Decarbonization Optimism from Semieniuk et al

Article | Dec 5, 2018

Hope for mitigating climate catastrophe may not be lost, but the scale of political change needed is no cause for optimism

Featuring this expert

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?