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
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The New Hampshire Democratic Primary in One Graph
Lower Income Towns in New Hampshire Voted Heavily for Sanders; Richer Towns Did the Opposite.
The 2020 Election in Three Graphs
The Irresistible Force Meets the Immovable Object?
INET to G20: Bank Regulation Can't Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting in Berlin, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees
Big Money—Not Political Tribalism—Drives US Elections
Conventional wisdom asserts that American politics is becoming more and more tribal. But the chiefs of the tribes share a lot in common: dependence on big money.
Featuring this expert
INET working paper along with Thomas Ferguson's article are the focus of this Inequality article.
“Their new working paper, just published by the Institute for New Economic Thinking in New York, gives a rigorously technical analysis of what these tools reveal, and the Institute’s research director, Thomas Ferguson, has helpfully fashioned an introduction to — and a historical context for — the McGuire-Delahunt analysis that lay readers will find easily accessible. Ferguson, himself a pioneer in social science research on political decision making, points out that “the idea that public opinion powers at least the broad direction of public policy in formally democratic countries like the United States has been an article of faith in both political science and public economics for generations.” —Sam Pizzigati
Thomas Ferguson's INET article affluent authoritarianism is discussed in Counterpunch
“Conveniently for present purposes, Naked Capitalism posted a piece by political scientist Thomas Ferguson on the determinants of political decision making— that is, on the ‘product’ that elected representatives produce. The punchline: ‘money,’ as defined by the interests of corporate executives and oligarchs, is the overwhelming determinant of ‘political’ outcomes. Advancing the public will— the liberal explanation; or the public interest, the explanation offered for representative democracy, have no bearing. The longstanding practice of fitting political outcomes into these theoretical frames to ‘explain’ public policies is scientific malpractice given Mr. Ferguson’s findings.” —- Rob Urie
YSI 2020 Plenary: New Economic Questions
Young Scholars Initiative Virtual Plenary
What are the 100 most pertinent economic questions facing our global societ?
Research Webinar & Book Launch: Macroeconomic Inequality From Reagan to Trump
A discussion with Lance Taylor and Özlem Ömer, authors of INET’s new book Macroeconomics Inequality from Reagan to Trump