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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

Second Round: Final Reply to Smithers

Article By Lance Taylor | 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”

Reply to Andrew Smithers

Article By Lance Taylor | Aug 24, 2020

Lance Taylor responds to Andrew Smithers’s comment on his INET working paper, “Germany and China Have Savings Gluts, the USA Is a Sump: So What?”

“Savings Glut” Fables and International Trade Theory: An Autopsy

Article By Lance Taylor | Aug 11, 2020

A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. However, there is a more plausible explanation for the persistent trade imbalance between the US and its major trading partners.

Germany and China Have Savings Gluts, the USA Is a Sump: So What?

Paper Working Paper | By Lance Taylor | Aug 2020

An alternative look at the “global savings glut”

Featuring this expert

Why Carried Interest is Suddenly the Inequality Flashpoint

Article By Lynn Parramore | Sep 11, 2015

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

What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality

Article By Lynn Parramore | Feb 4, 2015