J. W. Mason

J. W. Mason

J. W. Mason
Assistant Professor
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Ph.D. Economics, University of Massachusetts, Amherst. 2014

M.A. Economics, University of Massachusetts, Amherst. 2010

B.A. History, University of Chicago. 1999


I am Assistant Professor of Economics at John Jay College, City University of New York. Previously, I taught at Roosevelt University in Chicago. I am also a Fellow at the Roosevelt Institute. I have a PhD in Economics from the University of Massachusetts at Amherst.

I was formerly the Policy Director for the New York State Working Families Party.

“The most interesting person worrying about stock buybacks and short-termism is J.W. Mason.” -- Matt Levine, Bloomberg View

"An iconoclastic economist and blogger who is always worth reading." -- Reihan Salam, National Review

“Like everyone else in the economics blogging sphere, I have been impressed by the new Mason-Konczal project at the Roosevelt Institute." - Matt Bruenig, Demos Policy Shop

"For fans of unorthodox economics, Mason is always someone to watch." Tim Cook, Washington Post



Loose Money, High Rates: Interest Rate Spreads in Historical Perspective. With Arjun Jayadev. Journal of Post Keynesian Economics, 2015 (forthcoming)

The Post-1980 Debt Disinflation: An Exercise in Historical Accounting. With Arjun Jayadev. Review of Keynesian Economics, 3 (2015): 314-335.

Review of Dumenil & Levy, The Crisis of NeoliberalismRethinking Marxism, Fall 2014

Fisher Dynamics in Household Debt: The Case of the United States, 1929-2011. With Arjun Jayadev. American Economic Journal: Macroeconomics, August 2014.

Strange Defeat: How Austerity Economics Lost All the Intellectual Battles and Still Won the War. With Arjun Jayadev. Economic and Political Weekly, Vol. 68, No. 32, August 10, 2013.

Disgorge the Cash: The Disconnect Between Corporate Borrowing and Investment. Roosevelt Institute Working Paper

Price Stability and Debt Stability: A Wicksell-Lerner-Tinbergen Framework for Macroeconomic Policy Analysis. Working paper. With Arjun Jayadev.

Balance of Payments Constraints, the U.S. Current Account, and the Crisis of 2008. Working paper


My research and teaching is primarily in macroeconomics. I am also interested in finance, economic history, the history of economic thought, and international finance and trade. My current research focuses on the historical evolution of leverage in various sectors of the US economy, and the interface between balance sheet positions and real economic activity.

My current research focuses on the links between shareholder power, corproate balance sheets, and investment. I also have a new research project, supported by the Washington Center for Equitable Growth, on the historical and prospective evolution of state and local government debt.

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