Isabella Weber | |
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| Born | 1987 Nuremberg, Germany |
| Education | University of Cambridge (PhD) |
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Isabella M. Weber (born 1987 in Nuremberg, Germany [1] ) is a German economist. She is an assistant professor of economics at the University of Massachusetts Amherst. [2]
Weber is known for having taken a position in favor of a price control policy. Her article published in The Guardian in December 2021 [3] caused an uproar among economists. [4]
In 2017, Weber obtained a PhD in Development Studies from the University of Cambridge. Her thesis was titled China's Escape from the 'Big-Bang': The 1980s Price Reform Debate in Historical Perspective and advised by Peter Nolan. [5]
From 2017 to 2019, Weber was a lecturer in Economics at Goldsmiths, University of London. [6] In 2019, she became assistant professor of economics at the University of Massachusetts Amherst. [7]
In December 2021, an op-ed she published in The Guardian which argued that strategic price controls could help control inflation in bottleneck situations was heavily criticized by economists, making her "the most hated woman in economics" (The New Yorker). [4] Paul Krugman called her "truly stupid", a statement for which he later apologized. [8]
In 2022-23, Weber was a fellow in the Future of Capitalism program at the Berggruen Institute. [9] [10]
In 2022, Weber was a member of the German government's gas price commission, an expert advisory group of the Federal Ministry for Economic Affairs and Climate Action. [11]
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.
In economics, inflation is a general increase of the prices. This is usually measured using the consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices faced by households do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States.
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The University of Massachusetts Amherst is a public land-grant research university in Amherst, Massachusetts. It is the oldest, largest, and flagship campus in the University of Massachusetts system, and was founded in 1863 as an agricultural college. It is also a member of the Five College Consortium, along with four other colleges in the Pioneer Valley.
Paul Robin Krugman is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York and a columnist for The New York Times. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services.
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Deleting, with Extreme Apologies, My Tweet about Isabella Weber on Price Controls. No Excuses. It's Always Wrong to Use That Tone against Anyone Arguing in Good Faith, No Matter How Much You Disagree — Especially When There's so Much Bad Faith out There.Twitter
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