Peter Temin is the Elisha Gray II Professor Emeritus of Economics at the Massachusetts Institute of Technology (MIT).  He received his B.A. from Swarthmore College in 1959 and his Ph.D. in Economics from MIT in 1964.  Professor Temin was a Junior Fellow of the Society of Fellows at Harvard University, 1962-65; the Pitt Professor of American History and Institutions at Cambridge University, 1985-86; Head of the Economics Department at MIT, 1990-93; and President of the Economic History Association, 1995-96.  Professor Temin’s most recent books are The Roman Market Economy (Princeton University Press, 2013), Prometheus Shackled: Goldsmith Banks and England’s Financial Revolution after 1700 (Oxford University Press, 2013, with Hans-Joachim Voth), The Leaderless Economy: Why the World Economic System Fell Apart and How to Fix It (Princeton University Press, 2013, with David Vines) Keynes: Useful Economics for the World Economy (MIT Press, 2014, with David Vines), and The Vanishing Middle Class: Prejudice and Power in a Dual Economy (MIT Press, 2017).

By this expert

The Hidden Decline in Human Capital—and the Danger Ahead

Article | Jan 2, 2019

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the the erosion of human and social capital. A serious growth slowdown is coming.

Finance in Economic Growth: Eating the Family Cow

Paper Working Paper Series | | Jan 2019

The American economy changed rapidly in the last half-century. The National Income and Product Accounts (NIPA) were designed before these changes started. They have stretched to accommodate new and growing service activities, but they are still organized for an industrial economy.

The Vanishing Middle Class: The Growth of a Dual Economy

Paper Conference paper | | Oct 2017

Growing income inequality is threatening the American middle class, and the middle class is vanishing before our eyes. We are still one country, but the stretch of incomes is fraying the unity of our nation.

Mass Incarceration’s Dangerous New Equilibrium

Article | Jun 22, 2017

A new model probes why the US leads the world in jailing and imprisoning people, and what it will take to reverse course

Featuring this expert

A Growth Slowdown is Coming

Video | Jan 23, 2019

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the erosion of human and social capital.

Visions Beyond the Haunted House

Article | Mar 14, 2018

Reflections on the Radical Vision of Martin Luther King Jr.’s Last Major Speech

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.

America is Regressing into a Developing Nation for Most People

Article | Apr 20, 2017

A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds