Gerald Epstein
Co-Director and Professor of Economics
Gerald Epstein received his Ph.D. in economics from Princeton University, and is Professor of Economics and a founding Co-director of the Political Economy Research Institute (PERI). He has published widely on a variety of progressive economic policy issues, especially in the areas of central banking and international finance. His most recent book is Busting the Bankers' Club: Finance for the Rest of Us, forthcoming in January 2024 from the University of California Press. He is also the author of The Political Economy of Central Banking: Contested Control and the Power of Finance (Edward Elgar Press, 2019), and What's Wrong with Modern Money Theory? A Policy Critique (Palgrave Macmillan, 2019). Epstein is also the editor or co-editor of many books, including The Political Economy of International Finance in an Age of Inequality: Soft Currencies, Hard Landings (Edward Elgar Press, 2018), The Handbook of the Political Economy of Financial Crises (with Martin H. Wolfson, Oxford University Press, 2013), and Financialization and the World Economy (Edward Elgar Press, 2004). He is also a long-time member of the Center for Popular Economics.
Research Areas
Recent Research
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Busting the Bankers' Club: Finance for the Rest of Us
November 2023
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Federal Reserve Monetary Policy and Wealth Inequality
April 2023
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Federal Reserve Anti-Inflation Policy: Wealth Protection for the 1%?
January 2023
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The Price of Speculation: Cryptocurrencies and Climate Change
August 2022
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Neoliberalism’s Bailout Problem
June 2021
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Economics and the Left: Interviews with Progressive Economists
September 2021
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The Public Banking Movement in the United States: Networks, Agenda, Initiatives, and Challenges
March 2021
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Are Bankers Essential Workers?
September 2020
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The Empirical and Institutional Limits of Modern Money Theory
August 2020
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The Federal Reserve Public Education Emergency Finance Facility (PEEFF): A Proposal
May 2020