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 / 4.9.2020

As of Thursday, April 9, Treasury and the Federal Reserve are finally starting to set set up the facilities need to use the $500 billion in funds for “severely distressed sectors” contained in the $2.2 trillion CARES relief act. The money has to be allocated by December 31, 2020. In this initial round, the Fed […]

Blog

By / 4.2.2020

In our previous blog post, we wrote about the importance of keeping the food/essentials supply chains open. With hundreds of millions of Americans stuck at home, having a dependable source of food is essential to avoid panic and to stay the course on social distancing. That’s not optional. We equally stressed the importance of the […]

Blog

By / 3.31.2020

This very unique crisis is creating very unique problems. One is how to get food and other essentials from warehouses all over the country into stores and delivered to people’s homes. This is not optional. The supply chain cannot shut down. Americans are confined to their homes, watching the rising tide of deaths. It’s an […]

Blog

By / 3.27.2020

Get ready for the biggest economic and financial roller coaster of all time.  Policymakers in the United States and around the world are opening up the monetary spigots full bore and limbering up spending packages on an unimaginable scale. This comes after more than a decade of low interest rates. In the United States,  Congress […]

Blog

By / 3.19.2020

The Federal Reserve protects the financial system by being ready to lend money to financial institutions that are stressed in a crisis. It’s already in motion, setting up “facilities” to protect money market funds and other investments. But in this unprecedented emergency, we need a government agency that can provide the same financial lifeline to […]

Blog

America now depends on overseas suppliers for more than half of its medical equipment and supplies, up sharply from a few years ago. That’s based on a PPI analysis of government trade and industry data, What happened? As we go through this terrible pandemic, U.S. healthcare providers are suffering from a surprising shortage of medical […]

Blog

By / 3.17.2020

Is the coronavirus about to force us into the Biotech Century? Here’s a follow-up to my previous post. In response to the coronavirus pandemic, government and private researchers are taking the perhaps unprecedented step of testing the safety of a new coronavirus vaccine in volunteers before testing its safety and efficacy in animals. As one […]