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Scott Sumner

Affiliation: Bentley University

Scott Sumner has taught economics at Bentley University for the past 27 years.

He earned a BA in economics at Wisconsin and a PhD at University of Chicago.

Professor Sumner's current research topics include monetary policy targets and the Great Depression. His areas of interest are macroeconomics, monetary theory and policy, and history of economic thought.

Professor Sumner has published articles in the Journal of Political Economy, the Journal of Money, Credit and Banking, and the Bulletin of Economic Research.

Visit: TheMoneyIllusion




Scott Sumner's Latest Articles | 279

How Gordon Brown Wrecked the UK Economy

Jul 7, 2011| 

A recent article in The Economist provides a graph that illustrates the destructive nature of Gordon Brown’s economic policies: When Labour took power in 1997,... Read »

Do the “Rentiers” Actually Gain from Deflation?

Jul 7, 2011| 

I don’t know the precise definition of this (French?) term, but I’d like to use Paul Krugman’s definition, as I’ll be commenting on his post: Financial securities... Read »

Are Stocks Overvalued?

Jul 6, 2011| 

Well that should teach me never to go on vacation again.  I blogged pretty intensively for just over two years, from February 2009 through March 2011.  This... Read »

Why Japan’s QE didn’t “Work”

Mar 26, 2011| 1

Michael Darda sent me some interesting information about the Japanese monetary base: There are several ways of looking at this data.  The growth in the base over... Read »

A Dilemma for Conservatives

Mar 24, 2011| 

Milton Friedman helped revive capitalism when he showed that the Great Depression didn’t show capitalism was unstable, but rather that monetary policy had been... Read »

Recessions are predictions . . .

Mar 21, 2011| 

. . . of bad policy.  That’s what Michael Woodford thinks, and I agree.  Not all recessions.  In 2001 economists didn’t even see a recession coming until... Read »

The Wizard of the Fed

Mar 20, 2011| 

Everyone remembers that scene at the end of the Wizard of Oz, where the curtain is pulled back and we see the wizard without all the surrounding hocus-pocus. ... Read »

The Great Depression of 1963-73

Mar 17, 2011| 

Those of us born in the mid-50s still can recall the Great Depression of 1963-73.  The trigger was obviously the Kennedy assassination.  A wave of sympathy led... Read »

Paul Krugman: Ignorant, and Proud of It

Mar 9, 2011| 1

Or so he claims: Some have asked if there aren’t conservative sites I read regularly. Well, no. I will read anything I’ve been informed about that’s either... Read »

The Myth of the Mysterious Jobless Recoveries

Mar 5, 2011| 

Yesterday on PBS I heard experts speculating about why recent recoveries have seen disappointing job growth.  So I decided to take a look at the figures, and... Read »

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