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

Final Response to Andrew Smithers

Article | Oct 5, 2020

Lance Taylor and Özlem Ömer respond to Andrew Smithers’s final comment on their working paper

Book Launch: Macroeconomic Inequality from Reagan to Trump

Article | Sep 10, 2020

This first book in the new INET and Cambridge University Press book series, Studies in New Economic Thinking, shows that wage repression—far more than monopoly power, offshoring, or technological change—has driven rising inequality.

Summary of the Book Macroeconomic Inequality From Reagan to Trump

Article | Sep 3, 2020

Wage Repression, Asset Price Inflation, and Structural Change Caused Rising Macroeconomic Inequality for Fifty Years from before Reagan through Trump.This is a summary of a new book that is being published as part of a new book series with Cambridge University Press.

Second Round: Final Reply to Smithers

Article | Aug 31, 2020

Lance Taylor provides a second and final response to Andrew Smithers’ criticism of his working paper on the role of the “Global Savings Glut”

Featuring this expert

Reawakening

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

Event Plenary | 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?