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Steven Pressman

Steven Pressman

Professor of Economics, Colorado State University

Steven Pressman is Professor of Economics at Colorado State University, in Fort Collins, Colorado and Emeritus Professor of Economics and Finance at Monmouth University in West Long Branch, New Jersey. In addition, he serves as North American Editor of the Review of Political Economy, and as Associate Editor of the Eastern Economic Journal. His main research areas are poverty and income distribution, post-Keynesian macroeconomics, and the history of economic thought. Over the past three decades, Pressman has published more than 150 articles in refereed journals and as book chapters, and has authored or edited 17 books, including Understanding Piketty’s Capital in the 21st Century (Routledge, 2015). A New Guide to Post Keynesian Economics (Routledge, 2001), Alternative Theories of the State (Palgrave Macmillan, 2006), and 50 Major Economists (Routledge, 2013), which has reached its third edition and has been translated into five different languages.He is a frequent contributor to newspapers and regularly appears on TV to discuss economic issues.

The debt ceiling and why we should kill it: 5 questions answered

Jul 21, 2019 12:15 pm UTC| Insights & Views Economy

Editors note: The U.S. government maxed out its national credit card in March and has been moving money around ever since to avoid running out of cash. Very soon the Treasury Department will reach the limits of this...

The US economy likely just entered its longest ever expansion – here's who benefited in 3 charts

Jul 03, 2019 21:07 pm UTC| Insights & Views Economy

The U.S. economy likely surpassed an important milestone last month: Americans are now experiencing the longest economic expansion in the nations history, assuming the data still being collected bears this out. This is...

Stumped by the stock market slump? Start by picturing a used car dealership

Dec 24, 2018 07:54 am UTC| Insights & Views Business

Stocks have been slumping on a variety of concerns, from President Donald Trumps ongoing trade war with China to worries about an economic slowdown and rising interest rates. Given the many factors driving shares up or...

2 economic policies likely to change with Democrats in control of House

Nov 08, 2018 17:23 pm UTC| Insights & Views Economy

Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasnt one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and thats exactly...

GOP tax plan doubles down on policies that are crushing the middle class

Dec 20, 2017 18:06 pm UTC| Insights & Views Politics

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

Poor and middle-income families need a better way than 529s to save for college

May 27, 2017 02:57 am UTC| Insights & Views Economy

A college education is increasingly necessary for success in todays economy. Its also increasingly expensive. Americans with a college degree earn, on average, US$1 million more over the course of their lives than those...

What France and the UK can teach Trump about reviving America's middle class

May 12, 2017 10:39 am UTC| Insights & Views Politics

Americas middle class is in deep trouble. Signs of its decline are everywhere, from stagnant incomes and falling wealth to soaring household debt and the rise of populist politicians promising a return to the glory...

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Economy

GDP update: spending dips and saving soars as we stash rather than spend our tax cuts

Australians saved rather than spent most of the budget tax cuts, almost doubling the proportion of household income saved, leaving spending languishing. The September quarter national accounts show that in the first...

A global downturn looks likely, yet it's being totally ignored in the UK election

For all the marked policy differences between the different parties in the UK election, they share a common blindspot. They all seem to assume that the UK is the sole determiner of its economic fate. There is nothing in...

This small German town took back the power – and went fully renewable

The case for ambitious and transformative environmental policy is being made with increasing fervour and a series of Green New Deals a reference to Roosevelts economic reform programme in the 1930s have been proposed...

Economic democracy: why handing power back to the people will fix our broken system

Behind the superficial froth of the UK election campaign, the competing parties are offering fundamentally different visions of the economy, who controls it and who benefits from it. The Conservatives and, to some extent,...

Global and historical lessons on how land reforms have unfolded

What can South Africa learn about land reforms from wider global and historical experiences in the 20th century? Most land reforms have involved transferring rights of ownership from wealthy landlords to poor, small-scale...

Politics

Donald Trump criticized for his mocking Greta Thunberg tweet

President Donald Trumps Twitter post targeting teenage activist Greta Thunberg drew criticisms from various sectors. The tweet, which came after Thunberg was named Person of the Year by Time magazine, suggested to the...

Melania Trump's shocking expenditures on clothes revealed!

Melania Trump is a former model turned First Lady of the United States so no wonder she likes to be fashionable. However, it was recently revealed that she has been spending a staggering amount to replenish her wardrobe...

Why Michelle Obama defended Ellen DeGeneres against bashers for her friendship with George W. Bush

Michelle Obama took the side of Ellen DeGeneres and defended the popular host from bashers who criticized her for her friendship with the former POTUS George W. Bush. Barack Obamas wife explained that there was nothing...

Melania Trump, Donald Trump divorce rumors: What are their terms?

United States President Donald Trump is known for having married three times. However, rumors are circulating that his marriage to First Lady Melania Trump may be declining. The rumors started when Melania delayed her...

How Melania Trump was challenged by Donald Tramp’s first wife Ivana

President Donald Trump and his wife Melania are public figures who are always under media scrutiny. With this level of attention, feuds within the family, exes included, are bound to make their rounds with the press in no...

Science

Pacific Ring of Fire: Volcanologist reveals the most dangerous volcanoes

When it comes to earthquakes and eruptions, the Pacific Ring of Fire is what geologists and volcanologists are watching out for. A recent report reveals which of these volcanoes in the Ring of Fire are the most dangerous...

Aliens: Distant exoplanets may contain water sources

Space agencies are continuously studying the entities that are beyond the Earth, including one of the biggest mysteries in space. A new report reveals that distant exoplanets may have sources of water. One of the...

Antarctica shrank the brains of some scientists stationed there

For most people, Antarctica is a place they will never set foot in their entire lifetime. Its unbearably cold and covered year-round in ice, there are no hotels or fast food joints and there are no commercial ships or...

Particle X17: Mysterious particle can potentially be the 'fifth force of nature', experts say

Over time, more and more discoveries are being made in Science, and it still continues today. Scientists have made a breakthrough in discovering a particle that could potentially be the fifth force of nature. Express...

The big one: Cascadia fault can potentially trigger San Andreas and cause major earthquake

With the news of many natural calamities that have affected the West in recent years, it appears that another one may occur. A new report reveals that the Cascadia fault can once again trigger San Andreas, therefore...

Technology

AirPods holiday sales now live on Walmart, Best Buy

Those with tech-savvy and music-loving friends and are starting their holiday shopping early are in luck because several AirPods deals are now up online. Several discount offers can be found in different stores; however,...

iOS 14 announcement is very likely in June 2020

The launch of iOS 13 has been an underwhelming experience even to avid fans of Apple products. It is then not surprising if many iPhone and iPad users are now looking forward to having iOS 14. iOS 13 was just fully...

iPhone 12 price increase is unlikely to exceed $100

Every year, major tech companies are expected to refresh its flagship product lineups. It has also been customary for them to announce major specs and features upgrades since these are necessary to entice the public to...

iPhone SE 2 may end up being called iPhone 9

The iPhone SE 2 has been a recurring subject on tech fans weekly dose of Apple rumors. People now have a good idea of what to expect from the device, but a new report about its official name appears to be the most...

Google Pixelbook, other Chrome OS devices now on sale for the holidays

Black Friday and Cyber Monday may be over, but peoples chances to snag good deals on top Chromebook options are not over. Googles Pixelbook and Pixel Slate are just some of the Chrome OS-powered devices that are now up...
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