Professor Scott Sumner Professor of Economics, Bentley University
Scott Sumner has have taught economics at Bentley University for the past 31 years. He earned a BA in economics at the University of Wisconsin and a PhD in economics at the University of Chicago. His research has been in the field of monetary economics, particularly the role of the gold standard in the Great Depression. Scott Sumner also done research on liquidity traps, and how monetary policy can be effective at the zero interest rate bound. His policy work has focused on the importance of expectations, particularly policies aimed at targeting expectations in futures markets. In 1989, he proposed pegging the price of nominal GDP futures contracts. The crisis of 2008 raised issues that related to all three of my areas of research, and drew him into the public policy debate. Since early 2009, he has have been writing posts at TheMoneyIllusion.com.