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Steven Pressman

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

Smart robots to revitalize Japan's economy, competitiveness: Softbank CEO

Smart robots can revitalize Japans economy and competitiveness, insists Softbank Group CEO Masayoshi Son, as their much-hyped robot dubbed Pepper, prepares to bow out. According to Son, their Vision Fund is...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere with natural disaster monitoring capability by 2025. Drones that reach the...

Hyundai Motor to reuse spent-up EV batteries as energy storage systems in Texas

Hyundai Motor Group has collaborated with Texas-based groups CPS Energy and OCI Solar Power to test whether spent-up electric vehicle batteries could be reused as energy storage systems. ESS stores leftover electricity...

S. Korea to invest 2.6 trillion won in hyperconnectivity

South Korea will invest 2.6 trillion won in hyperconnectivity and related technologies for newly emerging services by 2025. The Ministry of Science and ICT identified the emerging services as metaverse, blockchain, and...

Countless chicken meat buyers eligible to share in $181 million price-fixing settlement

A $181 million class-action lawsuit price-fixing settlement allows anyone who purchased chicken from a grocery store in the last decade-plus to be eligible to collect. Law firms Hagens Berman Sobol Shapiro and Cohen...

Politics

Capitol riots: Federal judge rejects insurrectionist's request to move case out of DC

Hundreds of people have already been arrested and detained for their participation in the January 6 Capitol insurrection. Many are now being tried for their involvement, and a federal judge has rejected a request by an...

Joe Biden says extreme weather will cost US over $100 billion this year

One of the issues that US President Joe Biden plans on tackling during his presidency is that of climate change. During his visit to Colorado, Biden said that the extreme weather would cost the country billions this...

Joe Biden to urge world leaders to vaccinate 70 percent of the world by 2022

With the rising cases of the Delta variant of COVID-19 all over the world, US President Joe Biden is looking to curb the pandemic once and for all. In the upcoming summit next week with world leaders, Biden is set to get...

Nancy Pelosi reportedly told Gen. Mark Milley that Donald Trump should have been arrested for inciting the insurrection

Among the lawmakers who were being targeted by the pro-Trump mob that stormed the Capitol last January 6 was Democratic House Speaker Nancy Pelosi. A new book recently claimed that Pelosi spoke with a top general, saying...

Science

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

From CRISPR to glowing proteins to optogenetics – scientists' most powerful technologies have been borrowed from nature

Watson and Crick, Schrdinger and Einstein all made theoretical breakthroughs that have changed the worlds understanding of science. Today big, game-changing ideas are less common. New and improved techniques are the...

234 scientists read 14,000+ research papers to write the upcoming IPCC climate report – here's what you need to know and why it's a big deal

This week, hundreds of scientists from around the world are finalizing a report that assesses the state of the global climate. Its a big deal. The report is used by governments and industries everywhere to understand the...

Insulin was discovered 100 years ago – but it took a lot more than one scientific breakthrough to get a diabetes treatment to patients

Diabetes was a fatal disease before insulin was discovered on July 27, 1921. A century ago, people diagnosed with this metabolic disorder usually survived only a few years. Physicians had no way to treat their diabetic...

Technology

GeForce Now leak did not confirm ‘Halo 5’ PC port, 343 Industries says

Aside from a couple of AAA games getting delayed, the gaming world was rocked this week with the massive GeForce Now datamine. Many gamers have assumed that most games mentioned in the leak are in the pipeline. However,...

MacBook Pro could feature 90Hz OLED panels from Samsung Display in 2022

Apple fans are still waiting for the announcement of the MacBook Pro refresh this year, but they might already have a few details to know about the laptops to come next year. Samsung Display confirmed Thursday that the...

Apple Watch Series 7 full specs appear in an alleged internal document

The Apple Watch Series 7 ended up being one of the most intriguing products from the tech giants launch event last Tuesday. It was not surprising that the company did not announce details about the watchs release, but it...

Xiaomi 11T Pro exclusively features 120W HyperCharge

The Xiaomi 11T series has been launched and the high-end Pro model unsurprisingly got the best features in the lineup. Aside from powerful cameras, it is also the only Xiaomi flagship this year to ship with the companys...
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