Thomas Ferguson is the Research Director at the Institute for New Economic Thinking. He is Professor Emeritus at the University of Massachusetts, Boston and Senior Fellow at Better Markets. He received his Ph.D. from Princeton University and taught formerly at MIT and the University of Texas, Austin. He is the author or coauthor of several books, including Golden Rule (University of Chicago Press, 1995) and Right Turn (Hill & Wang, 1986). His articles have appeared in many scholarly journals, including the Quarterly Journal of Economics, International Organization, International Studies Quarterly, and the Journal of Economic History. He is a member of the editorial board of the International Journal of Political Economy and a longtime Contributing Editor at The Nation.
- Leader of Financial Stability
- Leader of Political Economy of Distribution
By this expert
Betting on Hitler – The Value of Political Connections in Nazi Germany
This paper examines the value of connections between German industry and the Nazi movement in early 1933. Drawing on previously unused contemporary sources about management and supervisory board composition and stock returns, we find that one out of seven firms, and a large proportion of the biggest companies, had substantive links with the National Socialist German Workers’ Party. Firms supporting the Nazi movement experienced unusually high returns, outperforming unconnected ones by 5% to 8% between January and March 1933. These results are not driven by sectoral composition and are robust to alternative estimators and definitions of affiliation.
The Hinge of Fate? Economic and Social Populism in the 2016 Presidential Election A Preliminary Exploration
Support for populism is often attributed to xenophobia, racism, sexism; to anger and resentment at immigrants, racial or ethnic minorities, or “uppity” non-traditional women. According to these accounts , people who feel socially resentful may reject established politicians as favoring those “others” over people like themselves, and turn to outsider populistic leaders.
Edward Kane: Hidden Subsidies for Too Big to Fail Banks
An examination of some little-known ways nation states and central banks prop up megabanks
Ferguson: Monetary Policy Can't Levitate a Broken Economy
As part of an International Economy symposium, INET Research Director Tom Ferguson assessed the challenge facing central bankers through the lens of the missing virtues of Dorothy’s travel companions in the Wizard of Oz
Featuring this expert
Noam Chomsky Cites Thomas Ferguson's Paper
In a piece for The Intercept, Noam Chomsky cites Tom Ferguson’s paper on the influence of money in US congressional elections.
From the Origins of Economic Ideas to the Challenges of Our Time
INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.
The Next Generation of New Economic Thinkers
Explore your curiosity in economics in an open and critical community.
Two Hundred Years of Politics and High Finance
These videos cover not only Dr. de Cecco’s seminal research on the international gold standard, but his views on the international monetary system between the wars, the formation of the Bretton Woods system, and its breakdown – all topics on which Dr. de Cecco has written copiously.