Thomas Ferguson

Involvement

Thomas Ferguson is the Research Director at the Institute for New Economic Thinking. He is Professor Emeritus at the University of Massachusetts, Boston, and a member of the academic advisory board of 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.

By this expert

Unlocking America’s Political Finance History: Campaign Data from the National Archives

Article | Oct 4, 2025

INET’s new data archive of historical political finance records at the National Archives assembles all campaign finance reports filed by political parties and presidential candidates up to 1974, the year before the Federal Election Commission was established.

Big Money, the Maine Senate Race and US Party Competition: A Tale in Two Pictures

Article | Jun 30, 2026

What can one Senate race reveal about the hidden machinery of American politics? In Maine, donor patterns expose how campaign finance can shape party competition, political narratives, and the choices voters are asked to make long before ballots are counted.

A Preface to Alessandro Roncaglia’s Essay on Adam Smith

Article | Jun 23, 2026

As America marks 250 years of independence, Adam Smith is again being pressed into service as a founding myth. A deeper reading of The Wealth of Nations reveals a far richer thinker than today’s easy invocations of markets and liberty suggest.

Move Fast and Break Everything: Crypto and the Democrats

Article | Jan 13, 2026

After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How did money and affluence predict pro-crypto votes, amid widening deregulation and cyber risk?

Featuring this expert

Stark New Evidence on How Money Shapes America’s Elections

Article | Aug 8, 2016

Oversights of two generations of social scientists have weakened democracy.

AI is Hungry for Power and You are Footing the Bill

Article | May 11, 2026

The same technology that promises efficiency in offices is fueled by a system that is making life more costly for everyday workers. Part of “AI and the Future of the American Worker,” a series on how artificial intelligence is impacting labor, power, and the meaning of work.

7 Truths About Trump’s Tariffs — And the High-Stakes Future They Shape

Article | Apr 12, 2025

Top money-and-politics expert Thomas Ferguson breaks down the real drivers of Trump’s aggressive tariff agenda, from big crypto plans to a new world order emerging.

Framing World Interdependence

Event Conference | Mar 31–Apr 1, 2025

The conference, which is part of our Academy’s ‘Future of Humankind’ initiative, will provide a global forum of discussion to scholars engaged in analytically understanding the evolution of world dynamics as a process involving a plurality of mechanisms, viewpoints and intersecting trajectories.