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Economics’ Dr. Eaton represents UMKC in the Federal Reserve Research Center

Three universities, Kauffman Foundation gain access to secure Census data

The University of Missouri-Kansas City is joining with the Federal Reserve Bank of Kansas City, two other universities and the Ewing Marion Kauffman Foundation to establish a new research data center (RDC) that will provide area researchers with access to some of the nation’s highest-quality data for analysis of the U.S. economy and public policy issues.  Read more.

Erik K. Olsen’s “Unproductive Activity and Endogenous …

Erik K. Olsen’s “Unproductive Activity and Endogenous Technological Change in a Marxian Model of Economic Reproduction and Growth” receives the Review of Radical Political Economics best paper award.

Abstract: This paper integrates unproductive activity into a Marxist growth model based on Marx’s reproduction schemes. Labor extraction and technological change are related to the production and distribution of surplus and thus are endogenous. Continue reading

Nine People Who Saw the Greek Crisis Coming Years Before Everyone Else Did

Professor’s Forstater, Kelton and Wray are among the Nine People Who Saw the Greek Crisis Coming Years Before Everyone Else Did.

Although the problems in Greece didn’t begin making big headlines until 2009, a number of economists, politicians and professors spotted cracks in the European currency union as early as the 1990s. Meanwhile, it’s interesting to note that the country had a tough time making it into the single currency in the first place. Continue reading

Radical economic ideas grab attention…

An advocate for radical Modern Monetary Theory is an adviser to Democratic presidential candidate Bernie Sanders Photo: Bloomberg

Our economic guardians at Federal Treasury and the Reserve Bank sound increasingly uneasy about some policy choices being made offshore.

Since the global financial crisis, quantitative easing has pumped trillions of dollars into major economies with limited success. More recently central banks in Europe and Japan have opted for negative interest rates in a bid to kick-start growth.

On Tuesday the Treasury Secretary, John Fraser, pointed out that we’ve now been in an “experimental stage” with monetary policy for more than seven years…

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Stephanie Kelton is named chief Democratic economist

UMKC’s Stephanie Kelton is named chief Democratic economist on the Senate Budget Committee

Stephanie Kelton has been an economics professor at UMKC since 1999. She is a self-described “deficit owl” who supported larger budget deficits to counteract the recent recession. Each party has its own chief economist on the budget panel, which among other things oversees the Congressional Budget Office.

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UMKC professor among handful of economist to predict Eurozone fiscal downturn

KANSAS CITY, Mo. – It’s not something Dr. Randall Wray wanted to be right about.

“When you have your own currency, you have sovereign power,” said Wray, a professor at the University of Missouri Kansas City.

But when it came to predicting Europe’s financial downturn, the economics professor was spot on. Continue reading

Who Has the Candidate’s Ear?

What does a presidential candidate’s choice of advisers tell us about the candidate?

A deep bench of experienced advisers is essential for any president — to provide policy guidance, a sounding board, intellectual ballast and, eventually, help in translating ideas into action. But the people selected say much about the candidates themselves — their intellectual rigor, their willingness to entertain fresh views, the value they place on experience.

Hillary Clinton’s roster is a who’s who of the astute and ambitious accumulated by both Clintons in four decades in Democratic politics. It includes Alan Blinder, former Fed vice chairman, and John Podesta, campaign chairman and a top adviser in the Clinton and Obama administrations. Continue reading

Zippia ranks CAS’s Economics Department as #1

cas_newsZippia ranks CAS’s Economics Department as #1 in their “These are the 10 best Colleges for Economics Majors in Missouri” article.

You know there are a ton of great reasons to major in economics — the job prospects, the intellectual challenge, and the chance to follow in the footsteps of some of the greatest thinkers of all time.

But what program in Missouri offers the most to would be economics majors?

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