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.

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

Paper Working Paper | | Aug 2020

An alternative look at the “global savings glut”

Profits from Job Losses Will Finance Government Borrowing for COVID-19 Bailouts

Article | Jun 18, 2020

COVID has meant unemployment for the many and a corporate profit-fueled windfall for the few.

CARES Will Care for Wall Street and Big Business, for Macroeconomic Balance Maybe Not So Much

Article | Apr 6, 2020

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.

Covid-19 Hits the Dual Economy

Article | Mar 26, 2020

Incomes Destroyed at the Bottom, Profits Supported at the Top

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