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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. 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 2,200 citations to Fazzari’s publications in the Research Papers in Economics database (approaching 10,000 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

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 | | 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.

Inequality, the Great Recession, and Slow Recovery

Paper Working paper | | Oct 2014

Rising inequality reduced income growth for the bottom 95 percent of the US personal income distribution beginning about 1980.

Featuring this expert

What Happened to the "Feel Good" Economy?

Video | Dec 14, 2014

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

A Fight Over Inequality: The 5% Vs. The Rest

Article | Apr 29, 2014

In late 2007, the United States started feeling the effects of the Great Recession. And over the ensuing two years the economic disaster spread across the globe.