New School Economics Faculty
Teresa Ghilarducci is the Director of the Schwartz Center for Economic Policy Analysis (SCEPA) at The New School. She joined The New School after 25 years as a professor of economics at the University of Notre Dame and 10 years as director of the Higgins Labor Research Center at the university. She has written and lectured extensively on pension issues, including the award winning book Labor's Capital: The Economics and Politics of Employer Pensions, and she co-authored Portable Pension Plans for Casual Labor Markets in 1995. Dr. Ghilarducci’s book, When I'm 64: The Plot Against Pensions and the Plan to Save Them, investigates the effect of pension losses on older Americans. She frequently publishes in refereed journals and testifies before the U.S. Congress. She serves as a public trustee for the Health Care VEBAs for UAW Retirees of General Motors and for the USW retirees for Goodyear. She served on the Pension Benefit Guaranty Corporation's Advisory Board from 1996 to 2001and on the Board of Trustees of the State of Indiana Public Employees' Retirement Fund from 1996 to 2002.
Mark Setterfield is Professor of Economics in the Department of Economics at The New School for Social Research and is also a member of faculty at Eugene Lang College. He was previously Maloney Family Distinguished Professor of Economics in the Department of Economics at Trinity College, Hartford, Connecticut, and has held visiting positions at the University of Masschusetts, Lowell, CEPREMAP (Paris, France), Downing College (Cambridge, UK), Dalhousie University (Halifax, Canada), l'Université de Paris XIII, Sorbonne Paris Cité (Paris, France), the University of Sao Paulo (Sao Paulo, Brazil) and the Ruhr-Universität Bochum (Bochum, Germany). He is an Associate Member of the Cambridge Centre for Economic and Public Policy at Cambridge University, UK, a Senior Research Associate at the International Economic Policy Institute, Laurentian University, Canada, a Member of the Centre d’Économie de l’Université Paris Nord (CEPN) at l'Université Sorbonne Paris Nord, France, and a Fellow of the Forum for Macroeconomics and Macroeconomic Policies (FMM) at the Macroeconomic Policy Institute (IMK) of the Hans-Böckler Foundation, Germany.
Ying Chen joined the New School in the fall of 2016 as an Assistant Professor of Economics. She holds a Ph.D. Economics from University of Massachusetts Amherst, an M.A. Social Sciences from the University of Chicago, and a B.A. Economics from Shanghai International Studies University. Her research topics include the employment impact from building green economy, living wage in the Chinese labor market setting; and the macroeconomics of economic crises. Her current research focuses on the sustainable development in contemporary China from the perspective of social, economic and environmental sustainability.
Paulo Dos Santos
Paulo Dos Santos is an Assistant Professor of Economics at the New School for Social Research. He graduated from University College Maryland with a B.A. in Economics and B.S. in Mathematics, completed an MSc in Economics from the London School of Economics, and received a Ph.D. in Economics from the University of London. His research program involves classical political economy, banking and monetary theory, and the role of finance in economic development. His current work inquires into the social and macroeconomic content of contemporary financial practices and relations. He has recently published work on Tobin's q, the 'wage-led' versus 'profit-led' debate, and the circuit of capital, in journals including Economic Letters, the Journal of Post-Keynesian Economics, Metroeconomica, and the International Review of Applied Economics.
Darrick Hamilton is a stratification economist whose work focuses on the causes, consequences and remedies of racial and ethnic inequality. He is co-author of Beyond Broke: Why Closing the Racial Wealth Gap is a Priority for National Economic Security. He previously served as executive director of the Kirwan Institute for the Study of Race and Ethnicity at Ohio State University. We’re thrilled to welcome Hamilton back to The New School in 2021 as the Henry Cohen Professor of Economics and Urban policy and founder of the newly created Institute for Race and Political Economy at The New School.
David Howell is professor at Milano The New School for Management and Urban Policy, where he chaired the Urban Policy Program from 1994 to 2001. His research focuses on labor markets at the local, national, and international levels. Recent publications have examined the effects of immigration on the economic status of foreign and native-born workers in New York City; the nature of recent changes in skill requirements and the determinants of relative wage trends in the U.S.; and the extent to which labor market institutions and social policy explain patterns of unemployment in Europe and the United States.
Clara Mattei is an Assistant Professor of Economics at the New School for Social Research. She holds a PhD jointly from the Sant'Anna School of Advanced Studies (SSSUP) in Pisa, Italy, and Université de Strasbourg, Ecole Doctorale Augustine Cournot in Strasbourg, France, an MA in Philosophy from Pavia, and a BA in Philosophy from Cambridge University. Her research explores a comparative view of post-World War I monetary and fiscal policies and she brings broad interdisciplinary engagements to her work in the history of economic thought and methodology.
Will Milberg is Dean of The New School for Social Research and a Professor of Economics. His research focuses on the implications of changes in international trade and investment flows for employment and income distribution. He has worked as a consultant to the UNDP, UNCTAD, and ILO. He is the co-author (with Robert Heilbroner) of The Crisis of Vision in Modern Economic Thought and The Making of Economic Society. He received his PhD in economics from Rutgers University in 1987.
Sanjay G. Reddy
Sanjay G. Reddy is an Associate Professor of Economics. He received a PhD in economics from Harvard University in 2000 and has an M.Phil in Social Anthropology from Cambridge University and an A.B. in Applied Mathematics and Physics from Harvard University. He previously taught economics at Columbia University and has been a visiting fellow at Princeton University and Harvard University. He has spoken widely in academic and non-academic fora worldwide and has served as an advisor or consultant for a wide range of international development institutions. He has published extensively in the areas of development economics, welfare economics and philosophy and economics and serves as a member of a number of journal editorial boards. He is a citizen of India.
Willi Semmler is Professor of Economics at the New School for Social Research and is on the Board of Directors at the Center for Empirical Macroeconomics at Bielefeld University in Germany. He studied economics, mathematics, and social sciences at the Universities of Hamburg, Munich, and the Free University of Berlin and holds a PhD from the Free University of Berlin. He became Associate Professor in 1987 and Professor in 1993 at the New School for Social Research. He has been a Visiting Professor of Columbia University and Stanford University and the CEPREMAP in Paris and lectured at UNAM in Mexico City, University of Orléans, and at numerous French, Japanese, Italian, and German universities. He frequently teaches in a network of European doctorate programs and at the BIGSEM Bielefeld.
Anwar Shaikh is Professor of Economics at the New School for Social Research and Senior Scholar and member of the Macro Modeling Team at the Levy Economics Institute of Bard College. He has written in a variety of areas, including international trade, finance theory, political economy, U.S. macroeconomic policy, growth theory, inflation theory, and crisis theory. With E.A. Tonak, he is the author of Measuring the Wealth of Nations: The Political Economy of National Accounts, Cambridge University Press, 1994. He is also an Associate Editor of the Cambridge Journal of Economics. Shaikh earned his PhD from Columbia University in 1973 and has been teaching at the New School since 1972.
Lance Taylor is the Emeritus Professor of Economics at the New School for Social Research and the former Arnhold Professor of International Cooperation and Development. He received a PhD in economics from Harvard University in 1968. He has been a Professor in the economics departments of Harvard and the Massachusetts Institute of Technology, as well as a Visiting Professor at the University of Minnesota, the Universidade da Brasilia, Delhi University, and the Stockholm School of Economics. He moved to the New School for Social Research in '93. Taylor has published widely in the areas of macroeconomics, development economics and economic theory. He has served as a visiting scholar or policy advisor in over 25 countries, including Chile, Brazil, Mexico, Nicaragua, Cuba, Russia, Egypt, Tanzania, Zimbabwe, South Africa, Pakistan, India, and Thailand.
Duncan K. Foley is the Emeritus Professor of Economics. He graduated from Swarthmore College with a B.A. in Mathematics in 1964, and received a Ph.D. in Economics from Yale University in 1966. He has taught at M.I.T., Stanford, Barnard College of Columbia University, and since 1999 has been Leo Model Professor at the Economics Department of the New School for Social Research. He is an External Professor at the Santa Fe Institute.
He has published in the fields of public finance, macroeconomics, money, marxist economic theory, economic dynamics, neo-ricardian economics, growth theory, and complex systems theory and economics. Foley's recent work includes studies of the relation of statistical mechanics and thermodynamics to economics, global warming policy, complexity theory and classical political economy (Unholy Trinity: Labor, Capital and Land in the New Economy, Routledge, 2003), work on the foundations of statistical method, and Marx's theory of money. He published a book on the history of political economy and economics, Adam's Fallacy: A Guide to Economic Theology, in 2006.
Professor of Economics, São Paulo School of Economics & University of Brasilia
Nelson Barbosa is Professor at the São Paulo School of Economics (EESP/FGV) and the University of Brasilia (UnB), Brazil. He holds a Ph.D. in Economics from the New School for Social Research and his research interests include macroeconomic policy, economic growth and development. Dr Barbosa was Deputy Finance Minister, Planning Minister and Finance Minister during Dilma Rousseff’s administration, and Secretary of Economic Policy and Monitoring during Lula’s administration. He currently writes a weekly column on economics for Folha de Sao Paulo, Brazil’s largest newspaper.
Global Director of Equity, Open Society Foundations
Laura Barbosa de Carvalho is a Brazilian economist and Associate Professor at the Faculty of Economics and Administration at the University of São Paulo. Carvalho has a master's degree from the Federal University of Rio de Janeiro and a doctorate from the New School. Her main research area is macroeconomics of inequality, focusing on economic development, income redistribution, and private debt. Her 2018 book Valsa Brasileira: Do Boom ao Caos Econômico, which analyzes the growth and subsequent crisis of the Brazilian economy starting in 2014, became one of the country's best sellers that year.
President & CEO, Washington Center for Equitable Growth
Economist Michelle Holder is also an Associate Professor of Economics at John Jay College, City University of New York. Prior to joining the John Jay faculty, she worked professionally as an economist for a decade in both the nonprofit and government sectors. Her research focuses on the black community and women in the American labor market. Holder was cited as one of 19 black economists to watch by Fortune Magazine in June 2020, and was recently cited as an expert on worker power by the Washington Center for Equitable Growth. Her first book, African American Men and the Labor Market, was released from Palgrave Macmillan in 2017.
John Irons is a fellow at New America (CESNA), Research Affiliate and Digital Fellow at MIT, and a Visiting Scholar at Stanford University. His current research interests include how technology is shaping market systems and work. Prior to his current role, he was most recently director of the Inclusive Economies and Future of Work programs at the Ford Foundation, creating and leading grant-making teams to create economic opportunities and ensure that prosperity is widely shared. Irons was awarded a National Science Foundation graduate fellowship, as well as a graduate fellowship from the Harvard/MIT Research Training Group in Positive Political Economy. He won several awards for his economics websites, including top‐5 awards from The Economist and Forbes.
Stephanie Kelton, Professor of Economics & Public Policy, Stony Brook University
Stephanie Kelton is an American economist, academic, and author of The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. She is currently a professor at Stony Brook University. Professor Kelton has served as Chief Economist on the U.S. Senate Budget Committee (Democratic staff) and as an advisor to Bernie Sanders' 2016 presidential campaign. She is founder and editor-in-chief of the blog New Economic Perspectives and she was named one of Politico's 50 "thinkers, doers and visionaries transforming American politics in 2016." She has been a notable proponent of and researcher in Modern Monetary Theory, publishing several papers and editing books in the field, and a supporter of the proposal for a Job Guarantee.
Professor in the Economics of Innovation and Public Value, University College London (UCL)
Founding Director, UCL Institute for Innovation & Public Purpose (IIPP)
Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). Her work challenges orthodox thinking about the role of the state and the private sector in driving innovation. She received her BA from Tufts University and her MA and PhD in Economics from the Graduate Faculty of the New School for Social Research. She was named as one of the ‘3 most important thinkers about innovation’ by The New Republic, one of the 50 most creative people in business in 2020 by Fast Company, and one of the 25 leaders shaping the future of capitalism by WIRED. Her highly-acclaimed books include The Entrepreneurial State: debunking public vs. private sector myths (2013), The Value of Everything: making and taking in the global economy (2018) and Mission Economy: a moonshot guide to changing capitalism (2021).
Vice President and Director, Institute for Economic Equity at the Federal Reserve Bank of St. Louis
William M. Rodgers III examines issues in labor economics and the economics of social problems. His most recent book is The Handbook on the Economics of Discrimination. He also serves as a senior research affiliate of the National Poverty Center, University of Michigan. Previously, Rodgers served on President Obama’s Department of Labor Transition Team and as chief economist at the U.S. Department of Labor.
Rick McGahey, a PhD economist from The New School, focuses on urban and regional economic development, program evaluation, retirement policy, and workforce development. At the Ford Foundation, McGahey was the Director of Impact Assessment and a Program Officer focusing on economic and workforce development. During President Clinton’s second term, he served as Assistant Secretary for Policy, and later for Pension and Welfare Benefits, at the U.S. Department of Labor under Secretary Alexis Herman. He has taught at The New School, New York University, John Jay College, and the George Washington University.
Assistant Professor of Public Affairs, Robert M. LaFollette School of Public Affairs
Lauren Schmitz' research utilizes genomic and epigenomic data from population-based longitudinal studies to examine how inequalities in the social environment get underneath the skin and shape disparities in health and socioeconomic attainment. In 2017, she received a K99/R00 Pathway to Independence Award from the National Institute on Aging (NIA). Her research has also been supported by the National Science Foundation, the Social Security Administration, the Russell Sage Foundation, and the March of Dimes. She earned her Ph.D. in Economics from the New School for Social Research and a M.S. in Human Genetics from the University of Michigan.