Thomas Ferguson is the Research Director at the 51黑料爆料网历史事件. He is Professor Emeritus at the University of Massachusetts, Boston and Senior Fellow at Better Markets. He received his Ph.D. from Princeton University and taught formerly at MIT and the University of Texas, Austin. He is the author or coauthor of several books, including Golden Rule (University of Chicago Press, 1995) and Right Turn (Hill & Wang, 1986). His articles have appeared in many scholarly journals, including the Quarterly Journal of Economics, International Organization, International Studies Quarterly, and the Journal of Economic History. He is a member of the editorial board of the International Journal of Political Economy and a longtime Contributing Editor at The Nation.
Thomas Ferguson
By this expert
Trump, Populism, and the Republican Establishment: Two Graphs From New Hampshire
This year鈥檚 New Hampshire primary testifies to the disintegration of the Republican Party
The Origins of the Investment Theory of Party Competition
Preface to the Japanese Edition of Golden Rule
Central Banks, Green Finance, and the Climate Crisis
The tough policy choices ahead for confronting the climate crisis
No Bargain: Big Money and the Debt Ceiling Deal
What is the real reason Democratic party leaders go along with the debt ceiling ritual?
Featuring this expert
Thomas Ferguson's article is featured in the International Economy Magazine
鈥淭he much-touted 鈥渘ew thinking鈥� on fiscal policy and debt is actually very thin and little of it is new. In the 1990s, economist Luigi Pasinetti clarified the folly of the proposed Maastricht criteria for public finances and forecast the coming disaster with those. Subsequently, many economists, including more than a few working with the 51黑料爆料网历史事件, showed in detail how austerity reduces potential output over time and how absurd theories about Phillips Curve trade-offs lead to big underestimates of real rates of unemployment. Running below full employment for long periods blows big holes in public finances and thus piles on debt.鈥� 鈥� Thomas Ferguson
Survey Bias May Underestimate Unemployment, Particularly Among Young Black Men With Julie Yixia Cai, Dean Baker, William Spriggs, and John Schmitt. Moderated by INET鈥檚 Thomas Ferguson
Join us for this lively and timely presentation, followed by Q&A.
Linear Relationship Between Money and Election Outcomes Continued in 2020
INET’s Research Director Thomas Ferguson discusses the latest analysis he and his colleagues have conducted of campaign spending in the 2020 election cycle. The result dispels the myth that money has lost significance and that Republicans were at a significant disadvantage.
Noam Chomsky discusses INET research into money and politics on Jacobin
鈥淥ne place to look always is where’s the money? Who funds congress? Actually, there’s a very fine careful study of this by the leading scholar who deals with funding issues in politics, Thomas Ferguson. He and his colleagues did a study about a year ago a careful study in which they investigated a simple question, 鈥渨hat’s the correlation over the years many years between campaign funding and electability to congress?鈥� It’s almost a straight line, it’s the kind of close correlation that you barely get in the social sciences. The greater the funding, the higher the electability. You can find a few cases here and there that aren’t right on the line, but from the standpoint of social science it’s a remarkable correlation.鈥� — Noam Chomsky, Jacobin