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Steven Pressman

Emeritus Professor of Economics and Finance, Monmouth University

Steven Pressman is Emeritus Professor of Economics and Finance at Monmouth University in West Long Branch, New Jersey. In addition, he serves as Associate Editor of the Review of Political Economy. His main research areas are poverty and income distribution, post-Keynesian macroeconomics, and the history of economic thought. Over the past three decades, Pressman has published more than 170 articles in refereed journals and as book chapters, and has authored or edited 18 books, including Understanding Piketty’s Capital in the 21st Century (Routledge, 2015). A New Guide to Post Keynesian Economics (Routledge, 2001), Alternative Theories of the State (Palgrave Macmillan, 2006), and 50 Major Economists (Routledge, 2013), which has reached its third edition and has been translated into five different languages. He is a frequent contributor to newspapers and regularly appears on TV to discuss economic issues.

Why America has a debt ceiling: 5 questions answered

Jul 24, 2021 05:16 am UTC| Economy

Another big fight is brewing over the U.S. debt ceiling, which is a statutory limit on how much the government can borrow to pay its bills. In an interview, Senate Minority Leader Mitch McConnell said Republicans wont...

The debt ceiling and why we should kill it: 5 questions answered

Jul 21, 2019 12:15 pm UTC| Insights & Views Economy

Editors note: The U.S. government maxed out its national credit card in March and has been moving money around ever since to avoid running out of cash. Very soon the Treasury Department will reach the limits of this...

The US economy likely just entered its longest ever expansion – here's who benefited in 3 charts

Jul 03, 2019 21:07 pm UTC| Insights & Views Economy

The U.S. economy likely surpassed an important milestone last month: Americans are now experiencing the longest economic expansion in the nations history, assuming the data still being collected bears this out. This is...

Stumped by the stock market slump? Start by picturing a used car dealership

Dec 24, 2018 07:54 am UTC| Insights & Views Business

Stocks have been slumping on a variety of concerns, from President Donald Trumps ongoing trade war with China to worries about an economic slowdown and rising interest rates. Given the many factors driving shares up or...

2 economic policies likely to change with Democrats in control of House

Nov 08, 2018 17:23 pm UTC| Insights & Views Economy

Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasnt one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and thats exactly...

GOP tax plan doubles down on policies that are crushing the middle class

Dec 20, 2017 18:06 pm UTC| Insights & Views Politics

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

Poor and middle-income families need a better way than 529s to save for college

May 27, 2017 02:57 am UTC| Insights & Views Economy

A college education is increasingly necessary for success in todays economy. Its also increasingly expensive. Americans with a college degree earn, on average, US$1 million more over the course of their lives than those...

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Economy

Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data

Most Asian currencies declined on Tuesday as mixed signals surrounding the Middle East conflict, a recovering U.S. dollar, and softer Japanese inflation data weighed on regional markets. Investors remained cautious as...

Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty

Japans private sector expansion lost steam in March 2025, with both manufacturing and services activity cooling as geopolitical tensions in the Middle East drove up business costs and dampened confidence, according to the...

Australia-EU Free Trade Deal Signed After Years of Negotiations

Australia and the European Union have officially signed a landmark free trade agreement, marking the end of years of negotiations and opening a new chapter in economic relations between the two regions. The deal gained...

Suspicious Oil Market Trades Precede Trump's Iran Peace Post by 15 Minutes

Financial markets are buzzing with controversy after a report by the Financial Times revealed that roughly $580 million in oil futures were traded just 15 minutes before President Donald Trump published a post on Truth...

U.S. Futures Slide as Iran Denies Nuclear Talks with Washington

U.S. stock index futures declined Monday evening after Iran officially denied engaging in any diplomatic discussions with Washington, contradicting earlier statements from President Donald Trump that suggested progress...

Politics

U.S. and Costa Rica Reach Deportation Transfer Agreement

The United States and Costa Rica have officially signed a preliminary agreement allowing Costa Rica to receive third-country migrants deported by the U.S. government. The announcement was made by Costa Ricas presidency on...

Bolsonaro Released from ICU After Lung Infection Battle

Brazils former President Jair Bolsonaro has been moved out of intensive care following a challenging hospitalization, local media confirmed on Monday. The 71-year-old was transferred to a standard hospital room after...

Israel Eyes Litani River as New Border Amid Escalating Lebanon Offensive

Israels Finance Minister Bezalel Smotrich has publicly called for redrawing Israels northern boundary to reach the Litani River, deep within Lebanese territory marking one of the most direct statements yet from a senior...

Trump Visits Graceland, Pays Tribute to Elvis Presley During Memphis Trip

President Donald Trump made a memorable stop at Graceland, Elvis Presleys iconic Memphis estate, expressing his lifelong admiration for the King of Rock and Roll during a visit focused on federal efforts to reduce crime in...

Kim Jong Un Declares Nuclear Forces Permanent, Labels South Korea "Most Hostile State"

North Korean leader Kim Jong Un has reaffirmed his countrys commitment to expanding its nuclear arsenal, declaring the nations status as a nuclear-armed state irreversible. Speaking before the Supreme Peoples Assembly on...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets

Nintendo has announced plans to scale back production of its Switch 2 console following disappointing holiday season sales, particularly in the United States. According to a Bloomberg report, the Japanese gaming giant will...

Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas

Elon Musk revealed plans for a massive dual-chip manufacturing complex called Terafab in Austin, Texas, set to be jointly developed by SpaceX and Tesla. The announcement marks a significant step in Musks broader strategy...

NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch

NVIDIA could be forced to redesign its next-generation Feynman artificial intelligence chip platform as contract manufacturing giant TSMC struggles to keep pace with surging global demand. According to a report from...

Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys

Activist hedge fund Elliott Investment Management has quietly built a multibillion-dollar position in Synopsys, the electronic design automation (EDA) giant, signaling a push for stronger financial performance from one of...

Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy

Palantir Technologies (NASDAQ: PLTR) is drawing renewed investor and industry attention after the U.S. Department of Defense officially designated its Maven Smart System as a program of record, a classification that...