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Youssef Ait Benasser Joins Bard College Faculty as Assistant Professor of Economics in the Division of Social Studies

Bard College’s Division of Social Studies is pleased to announce the appointment of Youssef Ait Benasser as Assistant Professor of Economics beginning in the fall of the 2023–24 academic year. “Bard’s global engagement provides the ideal environment for my work in international economics,” said Benasser. “I am excited to contribute to the disruptive research and support the transformative learning that sets Bard’s community apart in the social sciences and beyond.”

Youssef Ait Benasser Joins Bard College Faculty as Assistant Professor of Economics in the Division of Social Studies

Bard College’s Division of Social Studies is pleased to announce the appointment of Youssef Ait Benasser as Assistant Professor of Economics. Their tenure-track appointment will begin in the fall of the 2023–24 academic year.

“Bard’s global engagement provides the ideal environment for my work in international economics,” said Benasser. “I am excited to contribute to the disruptive research and support the transformative learning that sets Bard’s community apart in the social sciences and beyond.”

Born in Rabat, Morocco, Youssef A. Benasser (they/he) received a BA in Political Science from Sciences Po Paris and an MSc in Economics and Public Policy from Ecole Polytechnique (X), before completing their PhD in Economics at the University of Oregon. Their research agenda is influenced by decolonial critics of the Bretton-Wood international economic system and inspired by the Third World’s quest for an alternative economic project. It centers on empirical assessments of recent trends in international trade policy, such as policy uncertainty, reversals, or rivalries, and their impacts on the global flow of goods and money. Passionate about teaching and pedagogy, Dr. Benasser has taught in higher ed institutions for more than seven years. Their courses span macro and international economics at the introductory, intermediate, and advanced levels. Dr. Benasser also has a risk analysis background, having previously held positions in the financial and government sectors.

Post Date: 03-02-2023

Bard Economist Pavlina Tcherneva Interviewed on Background Briefing with Ian Masters

Ian Masters spoke with Pavlina Tcherneva, associate professor of economics at Bard College, research associate at the Levy Economics Institute, and author of The Case for a Job Guarantee (2020), on his nationally syndicated radio program Background Briefing. In the episode, “As Pundits Warn of Recession and Inflation, We Get the Best Economic News Since 1969,” Masters asks Tcherneva for her take on the latest U.S. Bureau of Labor Statistics jobs report, which added 517,000 jobs in January 2023 and stunned most economists and people who continue to harbor a doomsday mentality about the economy. 

Bard Economist Pavlina Tcherneva Interviewed on Background Briefing with Ian Masters

Ian Masters spoke with Pavlina Tcherneva, associate professor of economics at Bard College, research associate at the Levy Economics Institute, and author of The Case for a Job Guarantee (2020), on his nationally syndicated radio program Background Briefing. In the episode, “As Pundits Warn of Recession and Inflation, We Get the Best Economic News Since 1969,” Masters asks Tcherneva for her take on the latest U.S. Bureau of Labor Statistics jobs report, which added 517,000 jobs in January 2023 and stunned most economists and people who continue to harbor a doomsday mentality about the economy.

According to Tcherneva, two years after the COVID-induced crisis, such good news about low unemployment levels tells us that “public policy has tools. It can act boldly, quickly and bring jobs back.” She points out, however, that these low unemployment numbers also reflect the 5.7 million people who are not looking for work, and 4 million people who are working part-time but would like to have full-time jobs.

“Part of the anxiety still being experienced in the labor market is that the jobs are there but they are not exactly these well-paying jobs with very good benefits and good working conditions. On that front, there is more to be accomplished. Let us remember our minimum wage is still $7.25, and no one can live on $7.25 an hour,” she asserts.

Tcherneva sees the big fiscal policies implemented over the last two years by the Biden administration, which do not overly focus on the financial sector or prioritize tax cuts for the wealthy, as all good news. Still, she advocates for more economic progress. “The question for me is did we come out of the pandemic with better jobs, better conditions for working families than we had going into the pandemic?”
Listen on Background Briefing

Post Date: 02-14-2023

Professor Pavlina Tcherneva Helps Chart a Path for Job Guarantee Program in Colombia

Pavlina Tcherneva, associate professor of economics at Bard College, research associate at Bard’s Levy Economics Institute, and director of the Open Society University Network's Economic Democracy Initiative, recently met with government officials in Bogotá, Colombia, to present her proposal for a national job guarantee program. At the invitation of Vice Minister of Finance Diego Guevara, Professor Tcherneva met with five government divisions: the ministries of energy, development, finance, and culture, and the SAE (Sociedad de Activos Especiales, or Special Assets Society), which administers seized assets of narcotics traffickers in the country.

Professor Pavlina Tcherneva Helps Chart a Path for Job Guarantee Program in Colombia

Pavlina Tcherneva, associate professor of economics at Bard College, research associate at Bard’s Levy Economics Institute, and director of the Open Society University Network's Economic Democracy Initiative, recently met with government officials in Bogotá, Colombia, to present her proposal for a national job guarantee program. At the invitation of Vice Minister of Finance Diego Guevara, Professor Tcherneva met with five government divisions: the ministries of energy, development, finance, and culture, and the SAE (Sociedad de Activos Especiales, or Special Assets Society), which administers seized assets of narcotics traffickers in the country.

“The job guarantee is an economic policy that provides public employment opportunities on demand to anyone seeking decent, living-wage work,” Tcherneva says. “It is a structural stabilization policy that alleviates the economic, social, and political costs of unemployment and precarious employment. It is equity-driven and draws on a long tradition of human rights and social justice.” Governments all over the world have implemented policies that provide some level of job guarantee, though none have a truly universal job guarantee program. One example in U.S. history is the Works Progress Administration. Part of President Franklin Roosevelt’s New Deal, the agency employed millions of Americans on a wide range of public works projects during the Great Depression.
Bard College Professor Pavlina Tcherneva
Bard College Professor Pavlina Tcherneva

During Tcherneva’s meetings in Bogotá, Colombian officials proposed to draft pilot public employment projects to further the work of each ministry. SAE, for example, discussed various ways in which the assets of the agency could support the creation of local employment and strengthen the work of grassroots and community organizations. These pilots would also support the public employment component of the national development plan, which President Gustavo Petro will present before the Colombian Congress in May.

“I was inspired by SAE's employment-centered, social inclusion approach to the management of seized assets,” Tcherneva notes. “In much of my policy work, I am asked to explain the innovative aspects of the job guarantee proposal. In Colombia, I had to do very little of that. Instead, I met with policy makers who were not only receptive but were already thinking about how to make it happen.”

During her stay in Colombia, Professor Tcherneva also delivered one of the two opening keynotes at the Third Annual Conference on Heterodox Economics at the National University of Colombia. Her talk was titled “The Role of Women in Heterodox Economics.”

Pavlina Tcherneva is a macroeconomist specializing in modern money theory and public policy, with a focus on fiscal and monetary policy coordination, full employment policies, and their impact on macroeconomic stability, unemployment, income distribution, and gender. Her book The Case for a Job Guarantee (Polity, 2020) was named one of the Financial Times best economics books of 2020 and has been published in eight languages. Her first book, Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey (coedited with M. Forstater), is a rare collection of the lesser-known works by Nobel Prize–winning economist William Vickrey and reinterprets his proposals for the modern day. Tcherneva holds a BA in mathematics and economics (Phi Beta Kappa) from Gettysburg College and an MA and PhD in economics from the University of Missouri–Kansas City. She is an expert at the Institute for New Economic Thinking and, formerly, a visiting research fellow at the University of Cambridge Centre for Economic and Public Policy in the United Kingdom.
Bard College Professor Pavlina Tcherneva meets with and SAE Director Daniel Rojas Medellin. Photo courtesy& Sociedad de Activos Especiales, Colombia.
Bard College Professor Pavlina Tcherneva meets with and SAE Director Daniel Rojas Medellin. Photo courtesy Sociedad de Activos Especiales, Colombia.


Post Date: 12-13-2022
More Economics News
  • Bard Economist L. Randall Wray Wins 2022 Veblen-Commons Award in Recognition of Significant Contributions to Evolutionary Institutional Economics

    Bard Economist L. Randall Wray Wins 2022 Veblen-Commons Award in Recognition of Significant Contributions to Evolutionary Institutional Economics

    L. Randall Wray, professor of economics and senior scholar at the Levy Economics Institute of Bard College, has won the 2022 Veblen-Commons Award. This award is the highest honor given annually by the Association for Evolutionary Economics (AFEE) in recognition of significant contributions to evolutionary institutional economics. Named after the founders of institutional economics, Thorstein Veblen (1857-1929) and John R. Commons (1862–1945), and awarded since 1969, the Veblen-Commons Award is presented to scholars “on the basis of their contributions to a better understanding of both the economic process and the behavior of the major institutions that shape that process and society’s goals and values” (Trebing, 1992, 333). By recognizing significant contributions to institutional analysis, this award furthers the goal of institutional economics to make the world a better place.

    Recipients of the Veblen-Commons Award have made outstanding contributions to institutional economics in the tradition of Veblen and Commons. Award recipients have focused their work on some of the most important topics confronting human society. Such topics include exploring the underlying power relations within society, the origins and implications of inequality, feminist economics, the origins of discrimination, the enabling myths of the dominant groups, the continuing conflict between rights and duties, the possibilities offered by modern technologies and the use of those possibilities for good or ill, the causes of financial crises, among others. Previous recipients include Levy scholars James Galbraith (2020), John F. Henry (2017), Jan Kregel (2011), and Hyman P. Minsky (1996).

    L. Randall Wray is a senior scholar at the Levy Economics Institute and professor of economics at Bard College. He is one of the original developers of Modern Money Theory. Wray’s most recent books are Why Minsky Matters (Princeton University Press, 2016), and A Great Leap Forward (Academic Press, 2020), and Handbook of Economic Stagnation(with Flavia Dantas; Elsevier, 2022). Four new books will be published in 2022/2023: Making Money Work for Us (Polity Press, Fall 2022), Money For Beginners (with Heske Van Doornen; Polity Press, 2023), Modern Monetary Theory: Key Thinkers, Leading Insights (editor; Edward Elgar Publishing, 2022), and The Elgar Companion to Modern Money Theory (with Yeva Nersisyan; Edward Elgar Publishing, 2023).

    Wray is the author of Money and Credit in Capitalist Economies (Edward Elgar Publishing, 1990), Understanding Modern Money (Edward Elgar Publishing, 1998), The Rise and Fall of Money Manager Capitalism (with É. Tymoigne; Routledge, 2013), Modern Money Theory (Palgrave Macmillan, 2012; 2nd rev. ed., 2015), and Macroeconomics (with William Mitchell and Martin Watts; Red Globe Press, 2019).

    Wray previously taught at the University of Missouri–Kansas City and at the University of Denver, and has been a visiting professor at the Universities of Paris, Bologna, Bergamo and Rome, as well as UNAM in Mexico City. He holds a BA from the University of the Pacific and an MA and a Ph.D. from Washington University, where he was a student of Minsky. He has held a number of Fulbright Grants, including most recently at the Tallinn University of Technology in Estonia. He is the 2022 Veblen-Commons Award winner for contributions to Institutionalist Thought and will be the 2022-2023 Teppola Distinguished Visiting Professor at Willamette University, Salem Oregon.

    Learn more about the Veblen-Commons Award here.

    Post Date: 08-02-2022
  • Bard Economist ​​L. Randall Wray on the Impacts of the Federal Reserve Raising Interest Rates to Fight Inflation

    Bard Economist ​​L. Randall Wray on the Impacts of the Federal Reserve Raising Interest Rates to Fight Inflation

    ​​L. Randall Wray, professor of economics and senior scholar at the Levy Economics Institute of Bard College, and Yeva Nersisyan argue on the Hill that a Fed rate hike seems certain, yet raising rates is more likely to raise unemployment and slow growth than have any impact on our current inflation problem. “We must find a better way to think about, and deal with, inflation. There is no one-size-fits-all approach to inflation control, but what is clear is that interest rates are a very imprecise tool for influencing prices. In the current circumstance, the more appropriate solution would be to work to alleviate supply-side constraints. That, however, requires much more work and intentionality than a stroke of a pen to change interest rates, which camouflages as action rather than the cop-out it has proven to be,” write Wray and Nersisyan.
    Read their opinion piece on The Hill

    Post Date: 03-15-2022
  • Bard Economist L. Randall Wray on How Modern Monetary Theory Isn’t the Future. It’s Here Now.

    Bard Economist L. Randall Wray on How Modern Monetary Theory Isn’t the Future. It’s Here Now.

    In the Wall Street Journal, Bard economist and leading scholar of Modern Monetary Theory L. Randall Wray comments on how important elements of MMT, including the claim that a government need never default on debt issued in its own currency, are now accepted by much of the economic and financial establishment. “We got five or six trillion dollars of spending and tax cuts without anyone worrying about payfors, so that was a good thing,” says Wray. “In January [2020], MMT was a crazy idea, and then in March, it was, OK, we’re going to adopt MMT.” L. Randall Wray is Professor of Economics and Senior Scholar at the Levy Economics Institute of Bard College.
    Read more in the Wall Street Journal

    Post Date: 11-23-2021
  • How Should We Measure Well-Being? Dimitri B. Papadimitriou Talks with Financial Times about Bard Levy Institute’s New Federal Contract to Broaden Measures of Economic Well-Being

    How Should We Measure Well-Being? Dimitri B. Papadimitriou Talks with Financial Times about Bard Levy Institute’s New Federal Contract to Broaden Measures of Economic Well-Being

    Many of the metrics we commonly use to understand economic growth and well-being were developed nearly a century ago, and may no longer paint an accurate picture of the economy. The Levy Economics Institute of Bard College last week won a $300,000 federal contract to aid the US Department of Labor in its efforts to broaden how it measures the economic well-being of US households. Levy Institute President Dimitri Papadimitriou talked with Rana Foroohar of the Financial Times about how new metrics, such as measuring women’s unpaid labor, could create more clarity for policymakers.
    Read in the Financial Times

    Post Date: 11-09-2021
  • Interview: Bard Economist Pavlina Tcherneva Talks with Thomas Piketty

    Interview: Bard Economist Pavlina Tcherneva Talks with Thomas Piketty

    Associate Professor of Economics Pavlina Tcherneva interviews French economist Thomas Piketty as part of the first-ever Global Forum on Democratizing Work, a project of the Open Society University Network’s Economic Democracy Initiative. Piketty’s groundbreaking book Capital in the Twenty-First Century (2013), showed through data collected on 200 years of tax records from the United States and Europe, a “central contradiction of capitalism”—that the return on capital exceeds the rate of economic growth. Thus, without government intervention, the wealthy continue to grow wealthier leading to unsustainable and undemocratic levels of economic inequality.

    In their conversation, Tcherneva and Piketty discuss the #democratizingwork movement, how it resonates with Piketty’s work on wealth inequality and the future of capitalism, and how collective, multifaceted, and organized actions and efforts can address economic inequality. “Human beings are not simple resources and human wellbeing cannot be governed by market forces alone,” says Tcherneva.

    Thomas Piketty is Professor of Economics at the School for Advanced Studies in the Social Sciences (École des hautes études en sciences sociales: EHESS), Associate Chair at the Paris School of Economics, and Centennial Professor of Economics in the International Inequalities Institute at the London School of Economics.

    Post Date: 10-19-2021
  • Professor Pavlina R. Tcherneva: A Just Transition Needs a Job Guarantee

    Professor Pavlina R. Tcherneva: A Just Transition Needs a Job Guarantee

    Associate Professor of Economics Pavlina R. Tcherneva says a job guarantee is necessary both for managing the disruptions wrought by global warming and for achieving a smooth, just transition to a low-carbon economy. And since the policy is also wildly popular, it should be a no-brainer for any politician who claims to be serious about tackling the climate crisis. “If ‘decent work for all’ is to become an actionable policy benchmark, access to a living-wage job must be guaranteed to everyone, not merely implied in the text of stimulus packages and other policies,” she writes.
    Read in the Jordan Times
    Read More

    Post Date: 09-21-2021

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    Greetings, future Levy scholars. I am Carlton Rounds, admissions officer and assistant to the director of the Levy Economics Institute Graduate Programs in Economic Theory and Policy. During this information session, I will provide an overview of the Levy academic programs, admission requirements, enrollment steps, and financial aid procedures. For international students, I can clarify immigration requirements and planning. As a former Bard student and lifelong area resident, I will speak about life in the Hudson Valley and Bard College. Please Note: Applicants that attend virtual information sessions will have their application fees waived.

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2023

Thursday, March 16, 2023
Learn about our MA and MS programs and how to apply.
Online Event  2:00 pm – 3:00 pm EDT/GMT-4
Greetings, future Levy scholars. I am Carlton Rounds, admissions officer and assistant to the director of the Levy Economics Institute Graduate Programs in Economic Theory and Policy. During this information session, I will provide an overview of the Levy academic programs, admission requirements, enrollment steps, and financial aid procedures. For international students, I can clarify immigration requirements and planning. As a former Bard student and lifelong area resident, I will speak about life in the Hudson Valley and Bard College. Please Note: Applicants that attend virtual information sessions will have their application fees waived.


Thursday, March 2, 2023
Learn about our MA and MS programs and how to apply.
Online Event  2:00 pm – 3:00 pm EST/GMT-5
Greetings, future Levy scholars. I am Carlton Rounds, admissions officer and assistant to the director of the Levy Economics Institute Graduate Programs in Economic Theory and Policy. During this information session, I will provide an overview of the Levy academic programs, admission requirements, enrollment steps, and financial aid procedures. For international students, I can clarify immigration requirements and planning. As a former Bard student and lifelong area resident, I will speak about life in the Hudson Valley and Bard College. Please Note: Applicants that attend virtual information sessions will have their application fees waived.


Wednesday, February 22, 2023
Professor J.T. Roane, assistant professor of geography at Rutgers University-New Brunswick
Reem-Kayden Center Laszlo Z. Bito '60 Auditorium  5:00 pm – 6:30 pm EST/GMT-5
This talk is drawn from Roane's recently published book, Dark Agoras: Insurgent Black Social Life and the Politics of Place (NYU Press, 2023). Roane shows how working-class Black communities cultivated insurgent assembly—dark agoras—in twentieth century Philadelphia. He investigates the ways they transposed rural imaginaries about and practices of place as part of their spatial resistances and efforts to contour industrial neighborhoods. In acts that ranged from the mundane refashioning of intimate spaces to confrontations over the city's social and ecological arrangement, Black communities challenged the imposition of Progressive visions for urban order seeking to enclose or displace them.


Thursday, February 16, 2023
Learn about our MA and MS programs and how to apply.
Online Event  2:00 pm – 3:00 pm EST/GMT-5
Greetings, future Levy scholars. I am Carlton Rounds, admissions officer and assistant to the director of the Levy Economics Institute Graduate Programs in Economic Theory and Policy. During this information session, I will provide an overview of the Levy academic programs, admission requirements, enrollment steps, and financial aid procedures. For international students, I can clarify immigration requirements and planning. As a former Bard student and lifelong area resident, I will speak about life in the Hudson Valley and Bard College. Please Note: Applicants that attend virtual information sessions will have their application fees waived.


Thursday, February 2, 2023
  Youssef Ait Benasser, PhD, Visiting Assistant Professor, Reed College
Olin 202  5:00 pm – 6:30 pm EST/GMT-5
Is trade policy symmetric? This talk sheds light on the trade performance of 73 country pairs that have experienced major liberalization policy reversals between 1986 and 2016. Econometric analysis of export data shows reversals have a limited impact and that earlier gains from removing trade barriers are persistent, particularly in wealthier countries. This result suggests that trade policy is asymmetric: compared to protectionist shocks, liberalization shocks have larger and longer effects. In this talk, Dr. Ait Benasser will present the methodology leading to their findings and the implications in the current context of renewed policy activism. They will also discuss how this project fits into their broader research agenda.


Thursday, February 2, 2023
Learn about our MA and MS programs and how to apply.
Online Event  2:00 pm – 3:00 pm EST/GMT-5
Greetings, future Levy scholars. I am Carlton Rounds, admissions officer and assistant to the director of the Levy Economics Institute Graduate Programs in Economic Theory and Policy. During this information session, I will provide an overview of the Levy academic programs, admission requirements, enrollment steps, and financial aid procedures. For international students, I can clarify immigration requirements and planning. As a former Bard student and lifelong area resident, I will speak about life in the Hudson Valley and Bard College. Please Note: Applicants that attend virtual information sessions will have their application fees waived.


Thursday, January 19, 2023
Learn about our MA and MS programs and how to apply.
Online Event  2:00 pm – 3:00 pm EST/GMT-5
Greetings, future Levy scholars. I am Carlton Rounds, admissions officer and assistant to the director of the Levy Economics Institute Graduate Programs in Economic Theory and Policy. During this information session, I will provide an overview of the Levy academic programs, admission requirements, enrollment steps, and financial aid procedures. For international students, I can clarify immigration requirements and planning. As a former Bard student and lifelong area resident, I will speak about life in the Hudson Valley and Bard College. Please Note: Applicants that attend virtual information sessions will have their application fees waived.


Thursday, January 5, 2023
Learn about our MA and MS programs and how to apply.
Online Event  2:00 pm – 3:00 pm EST/GMT-5
Greetings, future Levy scholars. I am Carlton Rounds, admissions officer and assistant to the director of the Levy Economics Institute Graduate Programs in Economic Theory and Policy. During this information session, I will provide an overview of the Levy academic programs, admission requirements, enrollment steps, and financial aid procedures. For international students, I can clarify immigration requirements and planning. As a former Bard student and lifelong area resident, I will speak about life in the Hudson Valley and Bard College. Please Note: Applicants that attend virtual information sessions will have their application fees waived.


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