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Simon Johnson (economist)

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Simon Johnson
Chief Economist of the International Monetary Fund
In office
March 2007 – August 31, 2008
PresidentRodrigo Rato
Dominique Strauss-Kahn
Preceded byRaghuram Rajan
Succeeded byOlivier Blanchard
Personal details
Born (1963-01-16) January 16, 1963 (age 61)
EducationUniversity of Oxford (BA)
University of Manchester (MA)
Massachusetts Institute of Technology (PhD)
Academic background
ThesisInflation, intermediation, and economic activity (1989)
Doctoral advisorRudiger Dornbusch
Academic career
FieldPolitical economy
Development economics
AwardsNobel Memorial Prize in Economic Sciences (2024)
Information at IDEAS / RePEc

Simon H. Johnson (born January 16, 1963)[1] is a British American economist. He is the Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management[2] and a senior fellow at the Peterson Institute for International Economics.[3] He has held a wide variety of academic and policy-related positions, including Associate Professor of Economics at Duke University's Fuqua School of Business (1991-1997).[4][5] From March 2007 through the end of August 2008, he was Chief Economist of the International Monetary Fund.[6]

In 2024, Johnson, Daron Acemoglu, and James A. Robinson were awarded the Nobel Memorial Prize in Economic Sciences for their comparative studies in prosperity between nations.[7]

Education

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Johnson's first degree was a BA from the University of Oxford, which was followed by an MA from the University of Manchester,[8] and finally in 1989 he earned a Ph.D. in economics from MIT, with a dissertation entitled Inflation, intermediation, and economic activity.[9]

Career

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In November 2020, Johnson was named a volunteer member of the Joe Biden presidential transition Agency Review Team to support transition efforts related to the United States Department of Treasury and the Federal Reserve.[10]

Affiliations

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Among other positions he is a research associate at the National Bureau of Economic Research, a research fellow at the Centre for Economic Policy Research,[11] and a member of the International Advisory Council at the Center for Social and Economic Research (CASE). He is also a member of the Congressional Budget Office's Panel of Economic Advisers.[6] From 2006 to 2007 he was a visiting fellow at the Peterson Institute for International Economics, where he is currently a senior fellow.[6] He is on the editorial board of four academic economics journals.[6] He has contributed to Project Syndicate since 2007.

Research and publications

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Simon Johnson is the author of the 2010 book 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (ISBN 978-0307379054), along with James Kwak, with whom he has also co-founded and regularly contributes to the economics blog The Baseline Scenario.[12] He is also author of White House Burning: Our National Debt and Why It Matters to You (2013); Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream (2019), with Jonathan Gruber; and Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity (2023), with Daron Acemoglu.

Power and Progress

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Published in 2023, Power and Progress is a book on the historical development of technology and the social and political consequences of technology.[13] The book addresses three questions, on the relationship between new machines and production techniques and wages, on the way in which technology could be harnessed for social goods, and on the reason for the enthusiasm around artificial intelligence.

Power and Progress argues that technologies do not automatically yield social goods, their benefits going to a narrow elite. It offers a rather critical view of artificial intelligence (AI), stressing its largely negative impact on jobs and wages and on democracy.

Acemoglu and Johnson also provide a vision about how new technologies could be harnesses for social good. They see the Progressive Era as offering a model. And they discuss a list of policy proposals for the redirection of technology that includes: (1) market incentives, (2) the break up of big tech, (3) tax reform, (4) investing in workers, (5) privacy protection and data ownership, and (6) a digital advertising tax.[14]

See also

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References

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  1. ^ U.S. Public Records Index Vol 1 (Provo, UT: Ancestry.com Operations, Inc.), 2010.
  2. ^ "Simon Johnson On Bank Bailout Plan". NPR.org.
  3. ^ "Simon Johnson". PIIE. March 2, 2016.
  4. ^ LA Times, November 29, 1991, "Muscovites: Want Shares In Boeing For 44 ½?"
  5. ^ "Simon Johnson CV". mitsloan.mit.edu. October 14, 2024.
  6. ^ a b c d "Simon Johnson's biography at MIT".
  7. ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024". NobelPrize.org. Retrieved October 14, 2024.
  8. ^ "Simon Johnson -- Biographical Information". www.imf.org. Retrieved March 8, 2024.
  9. ^ "Inflation, intermediation and economic activity". MIT library.
  10. ^ "Agency Review Teams". President-Elect Joe Biden. Retrieved November 10, 2020.
  11. ^ "List of Center for Economic Policy Research Fellows".
  12. ^ "About". September 25, 2008.
  13. ^ Daron Acemoglu and Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York: PublicAffairs, 2023.
  14. ^ Daron Acemoglu and Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York: PublicAffairs, 2023, Ch. 11.

Further reading

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Diplomatic posts
Preceded by Chief Economist of the International Monetary Fund
2007–2008 		Succeeded by
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