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Peter Temin is the at the Massachusetts Institute of Technology (MIT). He received his B.A. from Swarthmore College in 1959 and his Ph.D. in Economics from MIT in 1964. Professor Temin is now the Elisha Gray II Professor Emeritus of Economics.  He was a Junior Fellow of the Society of Fellows at Harvard University, 1962-65; the Pitt Professor of American History and Institutions at Cambridge University, 1985-86; Head of the Economics Department at MIT, 1990-93; and President of the Economic History Association, 1995-96. Professor Temin’s most recent books are The Roman Market Economy (Princeton University Press, 2013), Prometheus Shackled: Goldsmith Banks and England’s Financial Revolution after 1700 (Oxford University Press, 2013, with Hans-Joachim Voth), The Leaderless Economy: Why the World Economic System Fell Apart and How to Fix It (Princeton University Press, 2013, with David Vines), Keynes: Useful Economics for the World Economy (MIT Press, 2014, with David Vines) and The Vanishing Middle Class: Prejudice and Power in a Dual Economy (MIT Press, 2017).

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Mass Incarceration’s Dangerous New Equilibrium

Article | Jun 22, 2017

A new model probes why the US leads the world in jailing and imprisoning people, and what it will take to reverse course

The Political Economy of Mass Incarceration: An Analytical Model

Paper Working paper | | May 2017

This paper presents a model of mass incarceration in the United States, which has the largest proportion of its population imprisoned among advanced countries.

Comments on Paul Davidson’s “Full Employment, Open Economy Macroeconomics, and Keynes’ General Theory: Does the Swan Diagram Suffice?”

Paper Working Paper Series | | Feb 2016

This is a response to a critique by Paul Davidson of our 2013 book Keynes: Useful Economics for the World Economy and related work, where we describe, amongst other things, how the Swan diagram can be used to show how economies can use policy tools to achieve internal and external balance.

​The American Dual Economy: Race, Globalization and the Politics of Exclusion

Article | Nov 30, 2015

The United States economy has come apart, with the rich getting richer and workers’ incomes not advancing at all.

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America is Regressing into a Developing Nation for Most People

Article | Apr 20, 2017

A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds

What the ‘Dual Economy’ Model Reveals About Today’s America

Video | Jan 30, 2017

Professor Temin sees the US economy as bifurcated along lines analogous to the situation described in developing world economies by W. Arthur Lewis.

Tomorrow’s Detroits & Detroit’s Tomorrows

Event Conference Race & Economics | Nov 11–12, 2016

Economics has a race problem.

How Economics and Race Drive America’s Great Divide

Article | Dec 10, 2015

Can education stop the country’s backward slide?