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Steven Fazzari

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Steven Fazzari is the Bert A. and Jeanette L. Distinguished Professor of Economics at Washington University in St. Louis and a member of INET’s Academic Council.  He received his Ph.D. in economics from Stanford University in 1982.  Professor Fazzari’s research explores two main areas:  the financial determinants of investment and R&D spending by U.S. firms and the foundations of Keynesian macroeconomics.  His published articles appear in a wide variety of academic journals and books. A recent search found over 3,000 citations to Fazzari’s publications in the Research Papers in Economics database (approaching 11,000 in Google Scholar).  In addition, his research supported by INET has been highlighted in the national and international media, with recent attention to the link between rising income inequality and slow economic growth.   

Fazzari teaches macroeconomics.  He teaching awards include the Missouri Governor’s award for excellence in university teaching and Washington University’s distinguished faculty award. Fazzari served six years as chair of the Department of Economics and recently began a new job as chair of the newly founded Department of Sociology. 

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By this expert

Secular Demand Stagnation in the 21st Century U.S. Economy

Paper Conference paper | | Dec 2017

The concern that an economy could experience persistent, and in some sense unusual, weakness goes back to Keynes’s General Theory and led Alvin Hansen to coin the term “secular stagnation.”

Secular Demand Stagnation in the 21st Century U.S. Economy

Paper Conference paper | | Oct 2017

Preliminary draft prepared for INET conference session “A Decade of Stagnation. Why?”

Rising Inequality is Holding Back the US Economy

Article | Jul 16, 2015

A four percent growth goal for first term of the next president is not only possible, but is what we should strive to achieve.

Household Income, Demand, and Saving: Deriving Macro Data with Micro Data Concepts

Paper Working Paper Series | | Mar 2015

We develop adjustments to align the NIPA measures of key household flows with cash flow concepts that better reflect household budgets and demand.

Featuring this expert

Secular Stagnation Is Slow Growth the “New Normal”? If So, What Are the Policy Solutions?

Event Conference | Hosted by Secular Stagnation Project | Dec 15, 2017

Distinguished Scholars Including Larry Summers, Adair Turner, Brad DeLong, Will Present Evidence of the Trend and Policy Solutions

World Economic Roundtable

Explaining a Decade of Stagnation: Where Do We Go From Here?

Event Discussion | Dec 14, 2017

The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.

Reawakening

From the Origins of Economic Ideas to the Challenges of Our Time

Event Conference #INET2017 | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.

What Happened to the "Feel Good" Economy?

Video | Dec 14, 2014

The modern inequality snowball started rolling long before the Great Recession.