Background
Taylor, Lance Jerome was born on May 25, 1940 in Montpelier, Idaho, United States. Son of Walter Jerome and Ruth (Robinson) Taylor.
( Structuralist macroeconomics has emerged recently as th...)
Structuralist macroeconomics has emerged recently as the only viable theoretical alternative for economists and practitioners in developing countries. Lance Taylor's innovative work represents a landmark in this field. It codifies a new generation of structuralist macroeconomic models that incorporate the economic power relationships of key institutions and groups, integrates both finance and real macroeconomics, and covers a diverse range of experience in the developing world over the past three decades.In an introduction Taylor explains his methodology, describes assumptions underlying the models used, and reviews theories that relate economic growth and the role of financial assets. He then takes up basic structuralist models of a closed economy and moves on to consider the open economy cases. He incorporates the latest developments in the field (inflation, financial crisis, exchange rate management, increasing returns, and the like) in a treatment that departs substantially from economic orthodoxy.Taylor first addresses the question of how to specify.closure" or define the causal structure of macro models. He also considers how income redistribution influences growth and output and how income redistribution interacts with inflation. Next, an investment-driven non-full employment growth model draws on ideas introduced earlier to illustrate how different sorts of macroeconomic policies affect short-run adjustment and growth prospects over time. Taylor then turns to the problems proposed by economic openness in a stylized semi-industrialized country, starting with international trade. A fix-price/flex-price model is developed, and additional models demonstrate cases of policy relevance as well as interactions between class conflict and growth.Lance Taylor is Professor of Economics at MIT.
http://www.amazon.com/gp/product/026270045X/?tag=2022091-20
(The experience of Brazil in the last twenty years provide...)
The experience of Brazil in the last twenty years provides a classic case for the study of economic change. This book explores the Brazilian experience from the point of view of political economy, using income distribution models.
http://www.amazon.com/gp/product/0195202066/?tag=2022091-20
(Under free-market shock therapy, many of the economies of...)
Under free-market shock therapy, many of the economies of the former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation, and de-industrialization, and what can be done to turn this risky state of affairs around? The first critique of the free-market economic policies that have shocked Eastern Europe, this book addresses these questions in revealing detail.
http://www.amazon.com/gp/product/0674549848/?tag=2022091-20
(In Global Finance at Risk, two acclaimed economists propo...)
In Global Finance at Risk, two acclaimed economists propose a bold and necessary solution to the financial crises that threaten us all: a World Financial Authority with powers to establish best--practice financial regulation and risk management everywhere.
http://www.amazon.com/gp/product/B000O6EBQO/?tag=2022091-20
( Macroeconomics is in disarray. No one approach is domin...)
Macroeconomics is in disarray. No one approach is dominant, and an increasing divide between theory and empirics is evident. This book presents both a critique of mainstream macroeconomics from a structuralist perspective and an exposition of modern structuralist approaches. The fundamental assumption of structuralism is that it is impossible to understand a macroeconomy without understanding its major institutions and distributive relationships across productive sectors and social groups. Lance Taylor focuses his critique on mainstream monetarist, new classical, new Keynesian, and growth models. He examines them from a historical perspective, tracing monetarism from its eighteenth-century roots and comparing current monetarist and new classical models with those of the post-Wicksellian, pre-Keynesian generation of macroeconomists. He contrasts the new Keynesian vision with Keynes's General Theory, and analyzes contemporary growth theories against long traditions of thought about economic development and structural change.
http://www.amazon.com/gp/product/0674010736/?tag=2022091-20
Taylor, Lance Jerome was born on May 25, 1940 in Montpelier, Idaho, United States. Son of Walter Jerome and Ruth (Robinson) Taylor.
Bachelor of Science with honors, California Institute of Technology, 1962. Doctor of Philosophy, Harvard University, 1968.
Instructor economics, Harvard University, Cambridge, Massachusetts, 1967-1968;
assistant professor, associate professor, Harvard University, 1970-1974;
research associate, Massachusetts Institute of Technology, Cambridge, 1968-1970;
professor economics, Massachusetts Institute of Technology, 1974-1993;
professor economics, New School for Social Research, New York City, since 1993. Visiting professor U. Brasilia, 1974, Pontifical Catholic U. Rio de Janeiro, 1981, U. Delhi, 1987-1988, Stockholm School Economics, 1990. Marshall lecturer Cambridge U., 1986-1987.
Consultant World Bank, United Nations, various foreign goverments.
(In Global Finance at Risk, two acclaimed economists propo...)
( Structuralist macroeconomics has emerged recently as th...)
(Under free-market shock therapy, many of the economies of...)
(The experience of Brazil in the last twenty years provide...)
( Macroeconomics is in disarray. No one approach is domin...)
Member American Economics Association, Royal Economics Society.
Married Yvonne S.M. Entertainment Johnsson, May 31, 1963. Children: Ian Lance, Signe Marguerite.