Lance Taylor (economist)

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Lance J. Taylor
Born (1940-05-25) May 25, 1940 (age 78)
Doctoral
advisor
Hollis B. Chenery
Simon Kuznets
Doctoral
students
William Easterly[1]

Lance Jerome Taylor (born May 25, 1940) is a well known structuralist macroeconomist, working to understand the macroeconomy through “its major institutions and distributive relationships across productive sectors and social groups."[2] He is the Arnhold Professor of International Cooperation and Development and director of the Center for Economic Policy Analysis at the New School for Social Research, where he has taught and worked since 1993.[3][4] As a professor, he teaches students who come in with "a critical attitude about economics," aiming to encourage that "progressive perspective" while providing them "the standard technical tools of economics."[5]

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.[6]

Taylor was previously Associate Professor of Economics at Harvard and Professor of Economics at MIT, year-long visiting professorships at U. Minnesota, Univesidade de Brasilia, Delhi School of Economics, and Stockholm School of Economics. He received a B.S. degree with honors in mathematics from the California Institute of Technology in 1962 and, after study at Lund University (Sweden) and a Fulbright Fellowship in mathematics and economics, he received a Ph.D. in Economics from Harvard University in 1968.[7][8]

Work in macroeconomics[edit]

Taylor has published extensively in the fields of macroeconomics and development economics, focusing on the interaction of growth, stability and income distribution under different social relations.[9] He contributed to the development of modern Computable General Equilibrium models.[10] Using social accounting matrices of national economies, he has worked to identify conditions that support healthy economics as opposed to those that yield economic crises, concluding in part that the conditions of each are complex and the particular sets of outcomes are often unanticipated. In the case of the recent economic crises, Taylor highlights the conditions of financial deregulation and worsening income inequality.[11]

Recently, Taylor has taken up environmental macroeconomics, under standard and demand-driven growth models. In this work, he analyzes the short- and long-term social cost of greenhouse gasses and climate change, emission control legislation, and the role of green enterprise in economic recovery and sustainability, GDP and employment growth, and service-based economies.[12][13]

Awards and recognition[edit]

  • 2015 Leontief Award, Global Development And Environment Institute, Tufts University[14][15]
  • "Lance Taylor (born 1940)" in P. Arestis and M. Sawyer (eds.), 2000, A Biographical Dictionary of Dissenting Economists, Hants, UK: Edward Elgar Publishing Ltd. A biographical dictionary of dissenting economists (Book, 2000) (WorldCat.org)
  • Amitava Krishna Dutt and Jaime Ros Hants (eds.), 2003, Development Economics and Structuralist Macroeconomics: Essays in Honor of Lance Taylor UK: Edward Elgar[16]
  • Who's Who in America[17] and The International Who's Who[18]
  • W. Arthur Lewis Lecturer, American Social Science Association meetings, 1985[19]
  • Marshall Lecturer, University of Cambridge, 1986-87[20]
  • V.K. Ramaswami Lecturer, Delhi School of Economics, 1988[21]

Selected publications[edit]

References[edit]

  1. ^ A computable general equilibrium model of Mexico with portfolio balances : with application to devaluation.
  2. ^ Reconstructing Macroeconomics — Lance Taylor | Harvard University Press
  3. ^ New School for Social Research: Lance Taylor Archived 2014-12-22 at the Wayback Machine
  4. ^ Dutt, Amitava Krishna, and Jaime Ros, eds. (2003) Development economics and structuralist macroeconomics: essays in honor of Lance Taylor. Edward Elgar Publishing
  5. ^ Lance Taylor < Profiles Economics | The New School for Social Research Archived 2014-12-22 at the Wayback Machine
  6. ^ Lance Taylor (Policy Innovations)
  7. ^ Lance Taylor | The Institute for New Economics Thinking Archived 2015-03-15 at the Wayback Machine
  8. ^ New School for Social Research: Lance Taylor Archived 2014-12-22 at the Wayback Machine
  9. ^ Leontief 2015 Announcement: Foley & Taylor
  10. ^ Socially relevant policy analysis: Structuralist computable general equilibrium models for the developing world, Cambridge: MIT Press, 1990
  11. ^ Reconstructing Macroeconomics — Lance Taylor | Harvard University Press
  12. ^ Lance Taylor | The Institute for New Economics Thinking Archived 2015-03-15 at the Wayback Machine
  13. ^ Leontief 2015 Announcement: Foley & Taylor
  14. ^ Leontief 2015 Announcement: Foley & Taylor
  15. ^ Foley & Taylor named 2015 Leontief Prize Winners The International Society for Ecological Economics
  16. ^ Development Economics and Structuralist Macroeconomics: Essays in Honor of ... - Google Books
  17. ^ Marquis Who's Who on Demand - Search results for 'taylor, lance', page 1
  18. ^ The International Who's Who 2004 - Europa Publications - Google Books
  19. ^ Trade and Growth - ResearchGate
  20. ^ The Marshall Lectures
  21. ^ The International Who's Who 2004 - Europa Publications - Google Books