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Servaas Storm

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Servaas Storm is a Dutch economist and author who works on macroeconomics, technological progress, income distribution & economic growth, finance, development and structural change, and climate change.

He is a Senior Lecturer at Delft University of Technology. He obtained a PhD in Economics (in 1992) from Erasmus University Rotterdam. His work has appeared in Cambridge Journal of Economics, Development and Change, Eastern Economic Review, Industrial Relations, International Review of Applied Economics, International Journal of Political Economy, Journal of Post Keynesian Economics, Journal of Development Economics and Structural Change and Economic Dynamics.

His latest book, co-authored by C.W.M. Naastepad, is Macroeconomics Beyond the NAIRU (Harvard University Press, 2012) and winner of the 2013 Myrdal Prize of the European Association for Evolutionary Political Economy. Servaas Storm is one of the editors of Development and Change and a member of the Institute for New Economic Thinking’s Working Group on the Political Economy of Distribution.


By this expert

Labor Institutions and Development Under Globalization

Paper Working Paper Series | | Jun 2018

Labor market regulation is a controversial area of public policy in both developed and developing countries.

With Official Unemployment This Low, Why Are Wages Rising So Slowly?

Article | Feb 26, 2018

By pushing workers into precarious, part-time work, “Third Way” governments of the past 20 years helped to create the disturbing economic trend that’s vexing orthodox economists

Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.

Article | Feb 13, 2018

Banks have long had undue influence in society. But with the rapid expansion of a financial sector that transforms all debts and assets into tradable commodities, we are faced with something far worse: financial markets with an only abstract, inflated, and destabilizing relationship with the real economy. To prevent another crisis, finance must be domesticated and turned into a useful servant of society. 

What Mainstream Economists Get Wrong About Secular Stagnation

Article | Dec 21, 2017

Forget the myth of a savings glut causing near-zero interest rates. We have a shortage of aggregate demand, and only public spending and raising wages will change that.

Featuring this expert

Behind Europe's Populist Backlash: The Hunger Games of Mainstream Economics

Article | Jan 6, 2015

The turmoil of Brexit and the populist challenge across Europe are consequences of austerity policies that have brought misery to millions of ordinary voters. In this interview first published last January, Servaas Storm warned of the dangers of economic decision making divorced from democracy and from the social consequences of its prescriptions

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