|Stephanie Bell Kelton|
|Born||October 10, 1969|
|Institution||University of Missouri–Kansas City|
California State University, Sacramento (B.S., B.A., 1995)|
University of Cambridge (M.Phil, 1997)
The New School (Ph.D., 2001)
|Contributions||Modern Monetary Theory (MMT)|
Stephanie Kelton née Bell (born 1969) is an American economist and Professor of Public Policy and Economics at Stony Brook University. She was formerly Professor of Economics at the University of Missouri–Kansas City, Chief Economist on the U.S. Senate Budget Committee 2015 minority party staff and an Economic Advisor to Bernie Sanders' 2016 presidential campaign. She is founder and editor-in-chief of the blog New Economic Perspectives. She is a leading proponent of Modern Monetary Theory and as such was named one of Politico's 50 "thinkers, doers and visionaries transforming American politics in 2016."
Kelton studied Business Finance and Economics at the California State University, Sacramento, earning a B.S. and a B.A. in 1995. She received a Rotary scholarship to study Economics at the University of Cambridge, receiving her Master's degree in 1997. On a fellowship from Christ's College, Cambridge, Kelton then spent a year at the Levy Economics Institute of Bard College. She obtained a Ph.D. in Economics from The New School in 2001 with her dissertation, "Public Policy and Government Finance: A Comparative Analysis Under Different Monetary Systems."
Kelton is currently a Professor of Public Policy and Economics at Stony Brook University and was formerly the Chair of the Economics Department at the University of Missouri–Kansas City. She was a research scholar at the UMKC Center for Full Employment and Price Stability and the Levy Economics Institute in upstate New York.
On December 26, 2014, Kelton was designated as Chief Economist for the Democratic Minority Staff of the Senate Budget Committee, a post she held during 2015 and early 2016 until she left that position to become an economic advisor to the Bernie Sanders campaign. Forbes magazine wrote, "Watch Out, MMT's About, As Bernie Sanders Hires Stephanie Kelton."
On May 25, 2017, Stony Brook University announced that Stephanie Kelton would join the university, "This fall as a professor in the forthcoming Center for the Study of Inequality and Social Justice." Kelton follows her husband Paul's appointment at Stony Brook as the first Robert David Lion Gardiner Chair in American History, established in February 2016, at the College of Arts and Sciences.
Kelton's primary research interests include monetary theory, employment policy, history of economic monetary thought, social security, public finance, fiscal policy, financial accounting, international finance, and European monetary integration. 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.
In the media
Kelton publishes formally as well as in the popular press and appears on mass media. She has been a frequent guest on television and radio, including MSNBC's Up with Chris Hayes and NPR's On Point. Kelton has had opinion pieces published in the Los Angeles Times and the New York Times. How We Think About the Deficit Is Mostly Wrong appeared in The New York Times Oct. 5, 2017. Congress can give every American a pony (if it breeds enough ponies) appeared in The Los Angeles Times Sept 28, 2017.
- Bell (Kelton), Stephanie, "Can Taxes and Bonds Finance Government Spending?", Levy Economics Institute, July 1998
- Bell (Kelton), Stephanie, "The role of the state and the hierarchy of money", Cambridge Journal of Economics, Vol. 25, 2001, pp. 149-163
- Kelton, Stephanie, Edward J. Nell, editors. The State, The Market, and the Euro: Metallism versus Chartalism in the Theory of Money; Edward Elgar; Reprint edition: May 2003; ISBN 9781843761563
- Binder, Alex. "Stephanie Kelton Biography". StephanieKelton.com. Retrieved 2016-12-31.
- "Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody". The Real News., 20 January 2014
- "Politico 50: Our guide to the thinkers, doers and visionaries transforming American politics in 2016". Politico. Retrieved 2016-12-29.
- William, Tom. "Stephanie Kelton, Economist, University of Missouri-Kansas City: The case for big spending". Politico. Retrieved 2016-12-29.
- "Stephanie A. Kelton". CFEPS research. Center for Full Employment and Price Stability. Retrieved 2015-08-17.
- "Stephanie A. Kelton". Scholars. Levy Economics Institute. Archived from the original on 2013-12-28. Retrieved 2013-12-30. Stephanie A. Kelton at Levy Economics Institute scholars
- "About the Economists". New Economic Perspectives. Retrieved 2015-08-17.
- Personal communication with Kelton and William, Tom. "Stephanie Kelton, Economist, University of Missouri-Kansas City: The case for big spending". Politico. Retrieved 2016-12-29.
- "Watch Out, MMT's About, As Bernie Sanders Hires Stephanie Kelton" by Tim Worstall, Forbes, 12 January 2012
- "Historian Paul Kelton Named Endowed Chair in American History, Stony Brook press release, May 25, 2017
- "Department of Economics Faculty". University of Missouri-Kansas City.
- See "Selected works" section
- Smith, Devin (January 11, 2013). "Stephanie Kelton appeared on UP with Chris Hayes". New Economic Perspectives. Retrieved 2015-08-17.
- Ashbrook, Tom (December 4, 2012). "The Liberal Take On The Fiscal Cliff". On Point. WBUR. Retrieved 2015-08-17.
- Kelton, Stephanie (2017-10-05). "Opinion | How We Think About the Deficit Is Mostly Wrong". The New York Times. ISSN 0362-4331. Retrieved 2018-02-16.
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