He was a distinguished scholar at the Shanghai Academy of Social Sciences (PRC), has testified in hearings of Senate and House of Representatives Committees of the U.S. Congress, was vice-chairman of the Trade Deficit Review Commission of the U.S. Congress, and was a member of the Competitiveness Policy Council's Subcouncil on Capital Allocation.
His research includes financial structure reform, fiscal and monetary policy, community development banking, employment policy, and distribution of income, wealth, and well-being. He is the author or coauthor of numerous articles relating to Federal Reserve policy, fiscal policy, financial structure and stability, employment growth, and Social Security reform. An editor or contributor to 13 books published by Palgrave Macmillan, Edward Elgar, and McGraw-Hill, he is a member of the editorial boards of the Journal of Economic Analysis, Challenge, and the Bulletin of Political Economy. Most recently, he is co-author/editor of The Elgar Companion to Hyman Minsky.
Papadimitriou is a graduate of Columbia University and received a Ph.D. in economics from the New School for Social Research.