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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

South Africa is missing out on fresh fruit export growth. What it needs to do

South Africas urgent need to create jobs requires that the country take advantage of opportunities in the global economy that it can convert into quick wins. The fruit industry presents such an opportunity. The countrys...

How to protect the NHS in a post-Brexit trade deal with the US

A US-UK trade deal is being negotiated, and drug prices are a key issue. Several US officials are demanding that foreign countries pay higher prices to US drug companies. The UK government is denying that drug prices will...

Market-led infrastructure may sound good but not if it short-changes the public

The privatisation of services in Australian cities has weakened public control of key infrastructure. This is likely to accelerate as governments look to market-led proposals to provide infrastructure. For nearly three...

Comeback city? Lessons from revitalising a diverse place like Dandenong

In the 1990s, central Dandenong in Melbournes southeast was in decline. But, over the past decade and a half, this trend has been halted and in some areas reversed. Our research has identified key elements in this...

Black Friday: a logistical nightmare that’s bad for the environment

Black Friday and the ensuing Cyber Monday are once again upon us. Billions will be spent trying to snag a bargain in the approach to Christmas. But as scrutiny turns to whether or not the deals on offer are genuine...

Politics

Melania Trump and Ivanka Trump are not close but there is no feud, new book suggests

The relationship of Melania Trump and Ivanka Trump behind the cameras is probably one of the most speculated aspects of the Trump family dynamic since they occupied the White House. It was then not surprising that the...

Michelle Obama did not favor the initial draft of Barack Obama's official portrait, artist reveals

It has been more than a year since the official portraits of Barack Obama and Michelle Obama were unveiled. However, a piece of interesting behind-the-scenes information was revealed on Monday by Kehinde Wiley, the artist...

Rick Perry's belief that Trump was chosen by God is shared by many in a fast-growing Christian movement

In a recent interview with Fox News, Secretary of Energy Rick Perry stated that Donald Trump was chosen by God to be president. He said throughout history God had picked imperfect people such as King David or Solomon to...

The government is hyping digitalised services, but not addressing a history of e-government fails

In politics, when you have little to show for your achievements, you can release a roadmap for what will supposedly be achieved in the future. You can look on the bright side. Use phrases such as ontology of...

UK election 2019: why the BBC's approach to the IFS is a threat to its impartiality

During the 2015 election campaign, the BBC Reality Check page asked: Why should we trust the Institute for Fiscal Studies (IFS)? Its a pertinent question in this election, too, as it has become almost a ritual for the BBC...

Science

Geminids 2019 meteor shower to appear in the skies next week

Among the amazing phenomena that could be seen up in the sky is in the form of meteor showers. Many celestial being enthusiasts might look forward to the upcoming meteor shower by the Geminids next week. It is...

Asteroids: Meteorite crashes could be what formed tectonics on Earth

From what is known about meteors or asteroids, is that these rocks have been responsible for the extinction of the dinosaurs. However, experts say that these meteorite impacts could have been responsible for jump-starting...

NASA: 427-feet asteroid to skim Earth today

Many asteroids have been able to pass by Earth over the years, some getting a little closer than others. The latest asteroid that is reported by NASA to pass by the planet is going to do so today. NASAs asteroid...

Mars 2019: Living organisms can potentially survive and thrive in the Red Planet's conditions

Scientists and space agencies have long been studying and testing theories regarding the possibility of being able to survive on Mars. One scientist, in particular, made a discovery that can potentially hold the answer to...

NASA: Asteroid bigger than five double-decker buses to pass by Earth

Another asteroid is coming in within the vicinity of the Earth. NASA says that an asteroid larger than five double-decker buses is going to pass by the planet. Many asteroids have been spotted passing by the planet this...

Technology

‘The Sims 5’ expansion packs would feature familiar themes

The content roadmap of The Sims 5 is not too difficult to predict since the popular life simulation video game series has had familiar post-launch content packs over the years. This also makes it easier for avid fans to...

‘PUBG Mobile’ v0.16.0 arrives on December 11 without Erangel 2.0

The 0.16.0 update is the most awaited content for PUBG Mobile right now. Luckily, gamers will no longer have to guess when the patch is arriving, but they should also not expect the Erangel 2.0 map to launch with...

iPhone 12 paves way for Touch ID’s return

Apples next premium line of smartphones, now widely dubbed as iPhone 12, is anticipated to be the highlight of a new decade for the tech industry. Apple fans will be more excited about it as several sources claim that the...

Why Pixelbook Go is not ‘Pixelbook 2’, Google explains

Many Chromebook fans were expecting Google to release a follow-up on its high-end product, Pixelbook, this year. It has been in the market for over two years now. But the company, instead, announced Pixelbook Go that it...

iOS 14 could no longer support iPhone 6S, 6S Plus

The range of compatibility of iOS 14 is one topic that Apple fans are most curious about, aside from its new features and stability improvements. Apple has yet to address this matter, but there are speculations that the...