December 9, 1948 |
New York City, New York, United States
|Institution||University of Maryland|
|Field||Economics, International Business|
|Alma mater||State University of New York at Albany (PhD) (1974)|
Peter George Morici, Jr. (born December 9, 1948) is an American economist and Professor of International Business at the R.H. Smith School of Business at the University of Maryland, College Park. He is a graduate of SUNY Albany in New York State where he received his Ph.D in Economics in 1974.
From 1974 to 1976, Morici taught at Augsburg College in Minneapolis. In 1976, he joined the Federal Energy Administration. In 1978 he moved to the National Planning Association in Washington where he was elected a Vice President in 1983. He joined the University of Maine as a Professor of Economics in 1988 and was Director of its Canadian-American Center from 1990 to 1993. He also served as chief economist at the U.S. International Trade Commission. Morici is the author of 18 books. He is currently a senior contributor for TheStreet.com and also writes articles for Moneynews.com
Morici made headlines in a July 2014 piece in the Hill where he argued that the unemployment rate failed to take into account abuses in H-1B immigration visas and students who would be in the workforce but they were "duped" into enrolling in "useless programs" due the to the prevalence of financial aid. Taking those circumstances into account, the real unemployment rate was 18%.  This figure was quoted by Donald Trump in a speech on June 16, 2015 where Trump announced he was running for president. FactCheck.org then ran a piece on Morici's methodology bringing him into the limelight once again. He now believes the real unemployment rate to be 15%.
Morici is noted for wearing bow ties.
- Reconciling Trade and the Environment in the World Trade Organization
- Labor Standards in the Global Trading System
- Antitrust in the Global Trading System: Reconciling U.S., Japanese and EU Approaches
- Setting U.S. Goals for WTO Negotiations
- The Trade Deficit: Where Does It Come from and What Does It Do
- Free Trade in the Americas: An Architecture for Hemispheric Integration
- Trade Talks with Mexico: A Time for Realism
- Making Free Trade Work: The Canada-U.S. Agreement
- Reassessing American Competitiveness
- "Peter George Morici, Jr." Who's Who in America, 67th ed. Accessed via LexisNexis June 15, 2013.
- "Department of Economics Alumni". University at Albany. 2011-12-29. Retrieved 2013-10-09.
- "Department of Economics Notable Alumni". University at Albany. 2011-12-29. Retrieved 2013-10-09.
- Morici, Peter. The Doha Round: No Help for America’s Trade Deficit? (PDF). Retrieved 2013-10-09.
- "Peter Morici – Articles and Bio – Senior Contributor – TheStreet". TheStreet. Retrieved 22 January 2014.
- "Peter Morici". Moneynews.com. Retrieved 22 January 2014.
- "Real unemployment rate is at least 18 percent". Hill.com. Retrieved 17 June 2015.
- "Trump Tramples Facts". Factcheck.org. Retrieved 17 June 2015.
- University of Maryland Profile
- Peter Morici at TheStreet.com
- Peter Morici at Moneynews.com
- USCC Profile