Steven Fazzari


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. 

  • CV (194.61 KB)

By this expert

-varn6-Rising Inequality, Demand, and Growth in the US Economy

-varn7-Paper -varn9-Conference paper | | Feb 2015 -varn13-


-varn6-Inequality, the Great Recession, and Slow Recovery

-varn7-Paper -varn9-Working Paper Series | | Oct 2014 -varn13-

-varn14- Rising inequality reduced income growth for the bottom 95 percent of the US personal income distribution beginning about 1980.

-varn6-Aggregate Demand, Instability, and Growth

-varn7-Paper -varn9-Grantee paper | | Feb 2013 -varn13-

-varn14- This paper considers a puzzle in growth theory from a Keynesian perspective.

-varn6-State-Dependent Effects of Fiscal Policy

-varn7-Paper -varn9-Grantee paper | | May 2012 -varn13-

-varn14- We investigate the effects of government spending on U.S. economic activity using a threshold version of a structural vector autoregressive model.

Featuring this expert


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

-varn7-Event -varn8-Conference #INET2017-varn12- | Oct 21–23, 2017 -varn13-

-varn14- INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.

-varn6-What Happened to the "Feel Good" Economy?

-varn7-Video | Dec 14, 2014 -varn13-

-varn14- The modern inequality snowball started rolling long before the Great Recession.

-varn6-Why is the U.S. Economy Underperforming? Rising Inequality is the Key.

-varn7-Article | Nov 18, 2014 -varn13-


-varn6-A Fight Over Inequality: The 5% Vs. The Rest

-varn7-Article | Apr 29, 2014 -varn13-

-varn14- 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.