SCEPA's Economics Faculty

Teresa Ghilarducci

Teresa Ghilarducci
Bernard L. and Irene Schwartz Chair in Economic Policy Analysis

Teresa Ghilarducci Faculty Page is the Director of the Schwartz Center for Economic Policy Analysis (SCEPA) at The New School. She joined The New School after 25 years as a professor of economics at the University of Notre Dame and 10 years as director of the Higgins Labor Research Center at the university. She has written and lectured extensively on pension issues, including the award winning book Labor's Capital: The Economics and Politics of Employer Pensions, and she co-authored Portable Pension Plans for Casual Labor Markets in 1995. Dr. Ghilarducci’s most recent book, When I'm 64: The Plot Against Pensions and the Plan to Save Them, investigates the effect of pension losses on older Americans. She frequently publishes in refereed journals and testifies before the U.S. Congress. Dr. Ghilaraducci was the 2006–‘08 Wurf Fellow at Harvard Law School, and her research has been funded by the Alfred P. Sloan Foundation, U.S. Department of Labor, Ford Foundation, and Retirement Research Foundation. She serves as a public trustee for the Health Care VEBAs for UAW Retirees of General Motors and for the USW retirees for Goodyear. She served on the Pension Benefit Guaranty Corporation's Advisory Board from 1996 to 2001and on the Board of Trustees of the State of Indiana Public Employees' Retirement Fund from 1996 to 2002.  


Ying ChenYing Chen

Ying Chen Faculty Page joined the New School in the fall of 2016 as an assistant professor of Economics. She holds a Ph.D. Economics from University of Massachusetts Amherst, an M.A. Social Sciences from the University of Chicago, and a B.A. Economics from Shanghai International Studies University. Her research topics include the employment impact from building green economy, living wage in the Chinese labor market setting; and the macroeconomics of economic crises. Her current research focuses on the sustainable development in contemporary China from the perspective of social, economic and environmental sustainability.


Paulo Dos SantosPaulo Dos Santos

Paulo Dos Santos Faculty Page is an Assistant Professor of Economics at the New School for Social Research. He graduated from University College Maryland with a B.A. in Economics and B.S. in Mathematics, completed an MSc in Economics from the London School of Economics, and received a Ph.D. in Economics from the University of London. His research program involves classical political economy, banking and monetary theory, and the role of finance in economic development. His current work inquires into the social and macroeconomic content of contemporary financial practices and relations. He has recently published work on Tobin's q, the 'wage-led' versus 'profit-led' debate, and the circuit of capital, in journals including Economic Letters, the Journal of Post-Keynesian Economics, Metroeconomica, and the International Review of Applied Economics.  

Duncan FoleyDuncan Foley


Duncan K. Foley Faculty Page graduated from Swarthmore College with a B.A. in Mathematics in 1964, and received a Ph.D. in Economics from Yale University in 1966. He has taught at M.I.T., Stanford, Barnard College of Columbia University, and since 1999 has been Leo Model Professor at the Economics Department of the New School for Social Research. He is an External Professor at the Santa Fe Institute.

He has published in the fields of Public Finance, Macroeconomics, Money, Marxist Economic Theory, Economic Dynamics, Neo-Ricardian Economics, Growth Theory, and Complex Systems Theory and Economics. Foley's recent work includes studies of the relation of statistical mechanics and thermodynamics to economics, global warming policy, complexity theory and Classical political economy ("Unholy Trinity: Labor, Capital and Land in the New Economy", Routledge, 2003), work on the foundations of statistical method, and Marx's theory of money. He published a book on the history of political economy and economics, "Adam's Fallacy: A Guide to Economic Theology", in 2006.

Alec Gershberg

Alec Gershberg Faculty Page is a specialist on Public Finance, Education Policy, International Development, and Decentralization. Much of his work focuses on accountability, school governance, education finance, institutional arrangements for public service provision, and inter-governmental relations, both in the developing world and the United States. He has conducted extensive research on Latin America—particularly Mexico, Nicaragua, and Ecuador—focusing on the decentralization of power to schools, communities and governments. More recently, he has worked on similar themes in Egypt, Romania, and Sub-Saharan Africa. He has been a frequent consultant to the World Bank, the Inter-American Development Bank, US AID, and the Urban Institute. In 2004-05 he was a full time employee of the World Bank as a Senior Education Economist. Other current research interests include immigrant students in public schools in New York and California. He is lead author of the recent book Beyond 'Bilingual' Education: New Immigrants and Public School Policies in California (Urban Institute Press, 2004). He is a Research Associate of the National Bureau of Economic Research (NBER), where his most prominent work has argued for greater competition (especially reduced negotiated bidding) in the municipal bond market. 

Darrick Hamilton

Darrick Hamilton, PhD Faculty Page (1999, Economics, University of North Carolina, Chapel Hill) is an Assistant Professor at Milano – The New School for Management and Urban Policy; an affiliated faculty member in the Department of Economics at The New School for Social Research, a faculty research fellow at Bernard Schwartz Center for Economic Policy Analysis, an affiliate scholar at the Center for American Progress, and a Co-Associate Director of the American Economic Association Summer Research and Minority Scholarship Program. He was a Ford Foundation Fellow on Poverty, the Underclass and Public Policy at the Poverty Research and Training Center, and the Program for Research on Black Americans both at the University of Michigan, Ann Arbor from 1999-2001, and a Robert Wood Johnson Foundation Scholar in Health Policy Research at the Institution for Policy Studies, Yale University from 2001-2003. His scholarly and service work focuses on the causes, consequences and remedies of racial and ethnic inequality in economic and health outcomes. He has published numerous articles on disparities in; wealth, homeownership, and labor market outcomes. 

David HowellDavid Howell

David Howell Faculty Page is Professor at Milano The New School for Management and Urban Policy, where he chaired the Urban Policy Program from 1994 to 2001. His research focuses on labor markets at the local, national, and international levels. Recent publications have examined the effects of immigration on the economic status of foreign and native-born workers in New York City; the nature of recent changes in skill requirements and the determinants of relative wage trends in the U.S.; and the extent to which labor market institutions and social policy explain patterns of unemployment in Europe and the United States.

Clara MatteiClara Mattei

Clara Mattei Faculty Page is an Assistant Professor of Economics at the New School for Social Research. She holds a PhD jointly from the Sant'Anna School of Advanced Studies (SSSUP) in Pisa, Italy, and Université de Strasbourg, Ecole Doctorale Augustine Cournot in Strasbourg, France, an MA in Philosophy from Pavia, and a BA in Philosophy from Cambridge University. Her research explores a comparative view of post-World War I monetary and fiscal policies and she brings broad interdisciplinary engagements to her work in the history of economic thought and methodology.

Will MilbergWilliam Milberg
Economist and Dean of The New School for Social Research

Will Milberg Faculty Page is Dean of The New School for Social Research and a Professor of Economics. His research focuses on the implications of changes in international trade and investment flows for employment and income distribution. He has worked as a consultant to the UNDP, UNCTAD, and ILO. He is the co-author (with Robert Heilbroner) of The Crisis of Vision in Modern Economic Thought and The Making of Economic Society. He received his PhD in economics from Rutgers University in 1987. 

Sanjay ReddySanjay G. Reddy

Sanjay G. Reddy Faculty Page is an Associate Professor of Economics. He received a PhD in economics from Harvard University in 2000 and has an M.Phil in Social Anthropology from Cambridge University and an A.B. in Applied Mathematics and Physics from Harvard University. He previously taught economics at Columbia University and has been a visiting fellow at Princeton University and Harvard University. He has spoken widely in academic and non-academic fora worldwide and has served as an advisor or consultant for a wide range of international development institutions. He has published extensively in the areas of development economics, welfare economics and philosophy and economics and serves as a member of a number of journal editorial boards. He is a citizen of India. 

Willi SemmlerWilli Semmler

Willi Semmler Faculty Page is Professor of Economics at the New School for Social Research and is on the Board of Directors at the Center for Empirical Macroeconomics at Bielefeld University in Germany. He studied economics, mathematics, and social sciences at the Universities of Hamburg, Munich, and the Free University of Berlin and holds a PhD from the Free University of Berlin. He became Associate Professor in 1987 and Professor in 1993 at the New School for Social Research. He has been a Visiting Professor of Columbia University and Stanford University and the CEPREMAP in Paris and lectured at UNAM in Mexico City, University of Orléans, and at numerous French, Japanese, Italian, and German universities. He frequently teaches in a network of European doctorate programs and at the BIGSEM Bielefeld. 

Anwar ShaikhAnwar Shaikh

Anwar Shaikh Faculty Page is Professor of Economics at the New School for Social Research and Senior Scholar and member of the Macro Modeling Team at the Levy Economics Institute of Bard College. He has written in a variety of areas, including international trade, finance theory, political economy, U.S. macroeconomic policy, growth theory, inflation theory, and crisis theory. With E.A. Tonak, he is the author of Measuring the Wealth of Nations: The Political Economy of National Accounts, Cambridge University Press, 1994. He is also an Associate Editor of the Cambridge Journal of Economics. Shaikh earned his PhD from Columbia University in 1973 and has been teaching at the New School since 1972. 

Lance TaylorLance Taylor

Lance Taylor is the Emeritus Professor of Economics at the New School for Social Research and the former Arnhold Professor of International Cooperation and Development. He received a PhD in economics from Harvard University in 1968. He has been a Professor in the economics departments of Harvard and the Massachusetts Institute of Technology, as well as a Visiting Professor at the University of Minnesota, the Universidade da Brasilia, Delhi University, and the Stockholm School of Economics. He moved to the New School for Social Research in '93. Taylor has published widely in the areas of macroeconomics, development economics and economic theory. He has served as a visiting scholar or policy advisor in over 25 countries, including Chile, Brazil, Mexico, Nicaragua, Cuba, Russia, Egypt, Tanzania, Zimbabwe, South Africa, Pakistan, India, and Thailand.

New School Economists

Michael Cohen

Sakiko Fukada-Parr

Shagun Mehrotra

Barry Herman

Richard Wolff

Janet Roitman

Julia Ott

Our Founder


Bernard L. Schwartz

Bernard L. Schwartz is chairman and CEO of BLS Investments, LLC, a private investment firm. He also manages the investments of the Bernard and Irene Schwartz Foundation, which mainly supports higher education, medical research and New York City-based cultural organizations. He promotes the development of U.S. economic policy initiatives through investment in educational institutions, think tanks and advocacy organizations. 

More on Our Founder


SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.