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8/10/23 NEC Summer Luncheon with Isabella Weber, University of Massachusetts Amherst
August 10, 2023 @ 12:00 pm – 1:30 pm
NEC Summer Luncheon with Isabella Weber, Assistant Professor, Department of Economics, University of Massachusetts Amherst
Date: Thursday, August 10
Time: 12pm to 1:30pm ET*
Location: Logan Tavern, 1423 P St NW, Washington, DC 20005
For metro and parking details about the location, please visit the Logan Tavern website.
*Note the extended time as this is an in-person event.
To prevent inflation after World War II, America’s leading economists recommended strategic price controls to buy time for supply adjustments in the transition to a postwar economy. Dr. Weber’s proposal that similar policies be in the government’s toolkit as a temporary emergency measure when inflation surged to its highest levels since the early-1980s generated widespread debate in the economics profession but soon informed policy making in Europe. In an age of overlapping emergencies, sectoral price shocks are likely to become more frequent. Improving the resilience of important sectors that drive inflation instead of automatically moving to fiscal or monetary austerity can make for better policy
Isabella M. Weber is a leading voice on policy responses to inflation and has advised policy makers in the United States and Germany on questions of price stabilization. The New Yorker magazine recently noted her heterodox ideas about government price controls are transforming policy in the United States and across Europe. She has also written an award-winning book titled How China Escaped Shock Therapy, which provides an unprecedented look at the economics that facilitated the country’s rise without leading to wholesale assimilation to global neoliberalism.
To learn more about our speaker, visit her website here.