People / Staff

Michael Mandel

Dr. Michael Mandel is chief economic strategist at the Progressive Policy Institute in Washington, where he supervises PPI’s research and policy work across a wide range of topics, including the data-driven economy, the impact of regulation on innovation, and policies to improve production, investment and job growth in the United States and globally. Mandel was co-principal investigator for a Sloan Foundation grant on “Measuring the Impact of Globalization.” Mandel has testified before Congress on impact of regulation on innovation.

Mandel also holds an appointment as senior fellow at Wharton’s Mack Institute for Innovation Management at the University of Pennsylvania, and serves as president and founder of South Mountain Economics LLC, which provides expertise on emerging occupations and emerging industries.  South Mountain Economics is best known for its research reports on the App Economy, which have been cited in a recent White House report, and publications such as the New York Times, Bloomberg, Boston Globe, the Financial Times, the Atlantic, Time, and Forbes.

Mandel received a Ph.D. in economics from Harvard University and formerly served as chief economist at BusinessWeek, where he directed the magazine’s coverage of the domestic and global economies. While at BusinessWeek, Michael was named one of the top 100 business journalists of the 20th century for his writings on innovation and growth. He received multiple awards for his work, including the Gerald Loeb Award for Business and Financial Journalism.  He is the author of four books including Rational Exuberance: Silencing the Enemies of Growth and Why the Future Is Better Than You Think. He is currently revising the third edition of his introductory economics textbook, Economics:The Basics.

Writings

Publications

By and / 2.22.2017

Apple’s introduction of the iPhone in 2007 initiated a profound and transformative new economic innovation. While central bankers and national leaders struggled with a deep financial crisis and stagnation, the fervent demand for iPhones, and the wave of smartphones that followed, was a rare force for growth. Today, use of mobile data is rising at […]

Blog

By / 2.7.2017

One of the biggest puzzles in democratic societies across the world these days is what to do about regulation.  On the one hand, regulation is important for a well-functioning society.  On the other hand, too much regulation can hamper innovation and growth. Moreover, there’s a feeling that democratic governance has broken down.  We don’t seem […]

Blog

By / 1.30.2017

Today President Donald Trump signed an executive order requiring agencies to cut two existing regulations for every new rule introduced, “to the extent permitted by law.”  Trump, of course, already has control of new regulations from the executive branch, so the executive order was not needed.  At the same time, his attempt to pare back existing regulations […]

Blog

By / 1.16.2017

Ecommerce jobs  for  production and nonsupervisory workers are paid on average about 25% more than production and nonsupervisory jobs for the private sector as a whole.  That’s according to BLS data. Economic theory suggests that industries with faster productivity growth should have faster real wage growth. That’s exactly what we see in the case of the […]

Blog

By / 1.12.2017

Amazon just announced that it would add more than 100,000 fulltime jobs in the US over the next 18 months.  That’s fantastic. But even before that announcement, it turns out that Amazon was the fastest US company to reach 300,000 jobs. That’s based on a new paper we are releasing today, called “A Historical Perspective […]

Blog

By / 12.6.2016

En los Estados Unidos hemos estado, con mucha razón, obsesionados con el resultado de las elecciones presidenciales. Pero el mundo sigue girando. Por ejemplo, la semana pasada Colombia ratificó un tratado de paz histórico entre el gobierno y el movimiento rebelde. PPI tuvo el privilegio de estar en Bogotá este octubre, donde realizamos un evento sobre la Economía […]

Blog

We in the US have been understandably obsessed with the outcome of the presidential election. But the rest of the world keeps moving forward. For example, last week Colombia ratified a historic peace treaty between the government and the rebel movement. PPI was privileged to be in Bogota just this October, where we held a […]

Blog

By / 12.1.2016

Last year Graham Allison of Harvard wrote an article for the Atlantic entitled “The Thucydides Trap: Are the U.S. and China Headed for War?”  Allison noted that in 12 of 16 cases over the last 500 years in which there was a rapid shift in the relative power of a rising nation that threatened to […]

Blog

By / 11.30.2016

Everyone has seen this chart, or something similar, recently. It tracks the production of the manufacturing sector over the past twenty years. Looks pretty good, doesn’t it? Since 1996 manufacturing industrial production has risen almost 40%, despite intense global competition.   But now let’s add another line to the chart–this time, manufacturing industrial production after we […]

Blog

By / 11.28.2016

In a post-election  post we showed how American workers are being failed by the physical industries, which had dramatically underperformed the digital industries across a wide range of metrics, including productivity, compensation, and job growth.  This sharp and growing economic gap between the Digital Nation and the Physical Nation had profound political consequences, since the Physical Nation […]