The Bard Economics and Finance Program, established in the fall of 2007, is a five-year BS/BA dual-degree program.
Students receive both a BS degree in economics and finance and a BA degree in an academic program other than economics. The program is designed to meet the needs of students who wish to achieve a broad education in the liberal arts and sciences even as they prepare themselves for careers in the financial world.Requirements
Student Work
Faculty
Program Director: Dimitri B. Papadimitriou
Phone: 845-758-7710
E-mail: [email protected]
Phone: 845-758-7710
E-mail: [email protected]
Sanjaya DeSilva Kris Feder Liudmila Malyshava Michael Martell | Aniruddha Mitra Pavlina Tcherneva Leanne J. Ussher L. Randall Wray |
News and Events
Bard Economist L. Randall Wray on the Impacts of the Federal Reserve Raising Interest Rates to Fight Inflation
L. Randall Wray, professor of economics and senior scholar at the Levy Economics Institute of Bard College, and Yeva Nersisyan argue on the Hill that a Fed rate hike seems certain, yet raising rates is more likely to raise unemployment and slow growth than have any impact on our current inflation problem. “We must find a better way to think about, and deal with, inflation. There is no one-size-fits-all approach to inflation control, but what is clear is that interest rates are a very imprecise tool for influencing prices. In the current circumstance, the more appropriate solution would be to work to alleviate supply-side constraints. That, however, requires much more work and intentionality than a stroke of a pen to change interest rates, which camouflages as action rather than the cop-out it has proven to be,” write Wray and Nersisyan.
Bard Economist L. Randall Wray on How Modern Monetary Theory Isn’t the Future. It’s Here Now.
In the Wall Street Journal, Bard economist and leading scholar of Modern Monetary Theory L. Randall Wray comments on how important elements of MMT, including the claim that a government need never default on debt issued in its own currency, are now accepted by much of the economic and financial establishment. “We got five or six trillion dollars of spending and tax cuts without anyone worrying about payfors, so that was a good thing,” says Wray. “In January [2020], MMT was a crazy idea, and then in March, it was, OK, we’re going to adopt MMT.”How Should We Measure Well-Being? Dimitri B. Papadimitriou Talks with Financial Times about Bard Levy Institute’s New Federal Contract to Broaden Measures of Economic Well-Being
Many of the metrics we commonly use to understand economic growth and well-being were developed nearly a century ago, and may no longer paint an accurate picture of the economy. The Levy Economics Institute of Bard College last week won a $300,000 federal contract to aid the US Department of Labor in its efforts to broaden how it measures the economic well-being of US households. Levy Institute President Dimitri Papadimitriou talked with Rana Foroohar of the Financial Times about how new metrics, such as measuring women’s unpaid labor, could create more clarity for policymakers.More Economics News
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Professor Pavlina R. Tcherneva: A Just Transition Needs a Job Guarantee
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Funny Money: Bard Economist Pavlina Tcherneva Talks with the BBC
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Alex T. Williams MS ’20 on the Global Tug of War Over Semiconductors
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Federal Reserve Bank of Chicago President Charles Evans Plays Down the Risk of Higher Inflation at the Levy Institute’s 29th Annual Hyman P. Minsky Conference
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Citing Work of Bard Economics Professor Pavlina Tcherneva, Foreign Policy Article Argues that Public Jobs Guarantee Program Is Best Way to Address Unemployment and Climate Crises
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Guardian Editorial Calling for Strong COVID Relief Spending Cites Work of Bard Economics Professor and Levy Economics Institute Senior Scholar L. Randall Wray
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