Economics Faculty

Faculty Spotlight: Dimitri Papadimitriou

Kris Feder

Director, Economics Program (Spring 2021); Associate Professor of Economics

Office: Albee 201
Phone: 845-758-7243
Email: feder@bard.edu

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Sanjay DeSilva

Associate Professor of Economics; Research Associate, Levy Economics Institute
On sabbatical Spring 2021

Office: Albee 214
Phone: 845-758-7072
Email: desilva@bard.edu

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Pavlina Tcherneva

Associate Professor of Economics; Research Associate, Levy Economics Institute

Office: Albee 203
Phone: 845-758-7075
Email: tchernev@bard.edu

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Education
B.A., Gettysburg College; M.A., Ph.D., University of Missouri - Kansas City

Teaching Fields
Macroeconomic Policy, Monetary Economics, Gender

Research Interests
Modern Monetary Theory, Fiscal Policy, Macroeconomic Stabilization, Economics of Gender.
Selected Papers and Publications

“Beyond Full Employment: What Argentina’s Plan Jefes Can Teach Us about the Employer of Last Resort” in M. Forstater and M. Murray (eds.) The Job Guarantee: Toward True Full Employment, Palgrave (forthcoming).
“Fiscal Policy for the Great Recession and Beyond” in S. Fazzari, M. Setterfield, and B. Cynamon (eds.) Keynesian Policy after the Great Recession, Cambridge University Press (forthcoming).
“On-the-spot Employment: Keynes’s Approach to Full Employment and Economic Transformation,” Review of Social Economy, 2012, 70 (1): 57-80.
“The Job Guarantee: Delivering the Benefits that Basic Income Only Promises”, Journal of Basic Income Studies, Forthcoming.
“The Case for Labor Demand Targeting,” Journal of Economic Issues, June 2011, 45 (2): 401-409.
“Bernanke’s Paradox: Can he reconcile his position on the federal budget with his charge to fight deflation?”, Journal of Post Keynesian Economics, April 2011 (lead article) 33(3): 411-433.
“Fiscal Policy: The Wrench in the New Economic Consensus,” International Journal of Political Economy, Fall 2010, 39(3): 24-44.
“Fiscal Policy on Shaky Foundations: (Post) Keynesian Lessons for New Consensus Economists,” in E. Hein, T. Niechoj and E. Stockhammer (eds.) Macroeconomic Policies on Shaky Foundations - Whither Mainstream Economics?, Marburg: Metropolis Verlag, 2009.
“Evaluating the Economic and Environmental Viability of Basic Income and Job Guarantees,” in P. Lawn (ed.) Environment and Employment: A Reconciliation, London: Routledge, 2009.
“Chartalism and the Tax-Driven Approach to Money,” in P. Arestis and M. Sawyer (eds.) Handbook of Alternative Monetary Economics, Northampton, MA: Edward Elgar, 2006.
“Universal Assurances in the Public Interest: Evaluating the Economic Viability of Basic Income and Job Guarantees,” International Journal of Environment, Workplace, and Employment, 2006, Vol. 2, No. 1, pp.69-88. 5
“Common Goals – Different Solutions: Can Basic Income and Job Guarantees Deliver Their Own Promises?” (with L.R. Wray), Rutgers Journal of Law and Urban Policy, 2005, Vol. 2, No. 1, pp.125-166.
Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey, (with M. Forstater, eds.) Northampton, MA: Edward Elgar, 2004.
“Monopoly Money: The State as a Price Setter,” Oeconomicus, Winter 2002, Vol. 5, pp.124-143.

Michael Martell

Assistant Professor of Economics

Office: Albee 213
Phone: 845-758-6034
Email: mmartell@bard.edu

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Aniruddha Mitra

Associate Professor of Economics

Office: Albee 204
Phone: 845-758-4392
Email: amitra@bard.edu

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Dimitri B. Papadimitriou

President, Levy Economics Institute; Jerome Levy Professor of Economics; Executive Vice President Emeritus, Bard College

Email: dbp@levy.org

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Education

B.A., Columbia University; M.A., Ph.D., New School for Social Research

Affiliations

Executive Vice President and Jerome Levy Professor of Economics, Bard College, since 1977
Executive Vice President, Bard College at Simon’s Rock, since 1979
President, Levy Economics Institute of Bard College, since 1986
Managing Director, Bard College Berlin, since 2011
Trustee and Chairman, American Symphony Orchestra, since 2013
Member, Board of Directors, William Penn Life Insurance Company of New York, 1972–2010
Distinguished Scholar, Shanghai Academy of Social Sciences, 2002
Vice Chairman, Trade Deficit Review Commission, United States Congress, 1999–2001
Member, Sub-Council on Capital Allocation of the Competitiveness Policy Council, 1993–98
Wye Fellow, Aspen Insitute, 1985

Teaching Fields: Macroeconomic Theory and Policy, Money and Banking, Finance

Publications

Papadimitriou is general editor of the Levy Institute book series and has edited and contributed to 13 books published by Palgrave Macmillan, Edward Elgar, and McGraw-Hill. He is a member of the editorial boards of the Journal of Economic Analysis, Challenge, and the Bulletin of Political Economy.

Selected Papers and Publications

Contributor to Intervention, Bulletin of Political Economy, The Economic Journal, International Encyclopedia of the Social Sciences, Milken Institute Review, Journal of Applied Business Research, Routledge Encyclopedia of International Political Economy, Challenge, Review of Political Economy, Journal of Economic Issues, Durell Journal of Money and Banking, and European Journal of Political Economy.
Editor and contributor, Contributions in Stock-flow Modeling: Essays in Honor of Wynne Godley, with Gennaro Zezza (Palgrave Macmillan, forthcoming), The Elgar Companion to Hyman Minsky, with L. Randall Wray (Edward Elgar Publishing, 2010), Hyman P. Minsky’s John Maynard Keynes, with L. Randall Wray (McGraw-Hill, 2008), Hyman P. Minsky’s Stabilizing an Unstable Economy, with L. Randall Wray (McGraw-Hill, 2008), Government Spending on the Elderly (Palgrave Macmillan, 2007), Distributional Effects of Government Spending and Taxation (Palgrave Macmillan, 2006), Hyman P. Minsky’s Induced Investment and Business Cycles (Edward Elgar Publishing, 2004), Modernizing Financial Systems (Macmillan and St. Martin’s Press, 2000), Stability in the Financial System (Macmillan and St. Martin’s Press, 1996), Aspects of the Distribution of Wealth and Income (Macmillan and St. Martin’s Press, 1994), Poverty and Prosperity in the USA in the Late Twentieth Century, with Edward N. Wolff (Macmillan and St. Martin’s Press, 1993), Profits, Deficits and Instability (Macmillan and St. Martin’s Press, 1992), Financial Conditions and Macroeconomic Performance: Essays in Honor of Hyman P. Minsky, with Steven M. Fazzari (M. E. Sharpe, 1992).
Author of the Levy Institute Strategic Analysis reports Is Personal Debt Sustainable? Deficits, Debt, and Growth, Is Deficit-financed Growth Limited? Prospects and Policies for the U.S. Economy, and How Fragile Is the U.S. Economy? with A. M. Shaikh, C. H. Dos Santos, and G. Zezza; The United States and Her Creditors, with W. Godley, Dos Santos, and Zezza; Are Housing Prices, Household Debt, and Growth Sustainable? and Can the Growth in the U.S. Current Account Deficit Be Sustained? with E. Chilcote and Zezza; Can Global Imbalances Continue? with Zezza and G. Hannsgen; The U.S. Economy: What’s Next? with Godley and Zezza; The U.S. Economy: Is There A Way Out of the Woods? with Godley, Hannsgen, and Zezza; Fiscal Stimulus—Is More Needed? with Hannsgen and Zezza; Prospects for the United States and the World, with Godley and Zezza; Recent Rise in Federal Government and Federal Reserve Liabilities, with Hannsgen; and Sustaining Recovery and Jobless Recovery Is No Recovery, with Hannsgen and Zezza; and the Public Policy Briefs Full Employment Has Not Been Achieved; Community Development Banking, A Path to Community Development, and An Alternative in Small Business Finance, with R. J. Phillips and Wray; Monetary Policy Uncovered, Targeting Inflation, Does Social Security Need Saving? and Understanding Deflation, with Wray; Cracks in the Foundations of Growth, with Hannsgen and Zezza; The New New Deal Fracas, Will the Recovery Continue? and Debts, Deficits, Economic Recovery, and the U.S. Government, with Hannsgen; and Endgame for the Euro? with Wray and Y. Nersisyan.