People / Staff

Michael Mandel

Dr. Michael Mandel is chief economic strategist at the Progressive Policy Institute in Washington DC, senior fellow at the Wharton School (UPenn), and fellow at the Manufacturing Policy Initiative at Indiana University. He was chief economist at BusinessWeek prior to its purchase by Bloomberg. With experience spanning policy, academics, and business, Dr. Mandel has helped lead the public conversation about the economic and business impact of technology for the past two decades. Mandel’s seminal analysis showing how ecommerce creates jobs and reduces inequality was featured by the Wall Street Journal, New York Times, Washington Post, Boston Globe, and Financial Times, among others. Mandel argues that Americans suffer from too little innovation, rather than too much. More innovation, especially in “physical” industries such as manufacturing, agriculture, and healthcare, will raise wages and create more good jobs. His current work focuses on the economic benefits of digital manufacturing; job creation by ecommerce and 5G; pharmaceutical pricing and innovation; and regulation of cross-border data flows. He spearheads PPI’s “Investment Heroes” annual report, and tracks App Economy jobs around the world. Mandel has written four books, including the optimistic Rational Exuberance. His economics textbook, Economics:The Basics, is in its fourth edition. He received a PhD in economics from Harvard University, and taught at NYU’s Stern School of Business.

Writings

Blog

By / 7.6.2020

The Covid recession is the most uneven economic downturn in history. Take a look at the following table, which we calculated from last Thursday’s employment data.   The table compares occupational employment in the second quarter of 2020 with the second quarter of 2019.  On the one hand, some occupations, like computer and mathematics-related jobs, […]

Blog

By / 7.1.2020

Last year I did a paper entitled The Declining Cost of Advertising: Policy Implications. Not surprisingly, I was intrigued by the new report from the Competition and Markets Authority in the UK, entitled Online platforms and digital advertising market study . I’m still going through the report, which exceeds 400 pages, not including multiple appendixes. […]

Op-eds and Articles

By / 6.10.2020

The 2007-2019 business cycle is now in the books, and even before the pandemic it was objectively terrible for domestic manufacturing. What do we have to do to dig ourselves out, and can policy help? Economists usually measure business cycles from peak to peak. While the arbiters of business cycles—Business Cycle Dating Committee of the National […]

Op-eds and Articles

By / 5.29.2020

Getting the economy back on its feet again isn’t going to be easy. New types of digital platforms can help. A well-functioning business is like a table with four legs: Customers, capital, workers, and suppliers. The pandemic knocked out all four legs simultaneously, with terrible consequences. When and if the health impacts of the pandemic […]

Publications

By / 5.26.2020

We’re used to thinking of COVID-19 testing as an activity that is led by government public health agencies, supported by private testing laboratories such as Quest Diagnostics and LabCorp. But American businesses have a broader role to play. Workplace-based testing for COVID-19 infections is shaping up to be a crucial component of managing the virus […]

Blog

By and / 5.13.2020

Attempting to mitigate the spread of COVID-19, policymakers at the federal, state, & local levels are suspending or rescinding laws and regulations that hinder timely, sensible responses to the pandemic. The temporary departure from these rules is causing many to question the need to reinstate them post-crisis. A diverse cross-section of scholars has written on […]

Op-eds and Articles

By / 5.12.2020

The pandemic’s impact on the economy is the equivalent of scrambling the pieces of a puzzle and then trying to put it back together in a new shape. But one thing is clear: the U.S. economy needs shorter supply chains that can react more quickly in crisis situations.  Our inability to generate enough personal protective […]