Economics professor at Washington University in St. Louis
Steven Fazzari is the Bert A. and Jeanette L. Lynch Distinguished Professor and Associate Director of the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis. He received his Ph.D. in economics from Stanford University in 1982. Professor Fazzari's research explores two main areas: the financial determinants of investment and R&D spending by U.S. firms and the foundations of Keynesian macroeconomics. His published articles appear in a wide variety of academic journals and books. Fazzari’s co-edited 2013 book from Cambridge University Press investigates the sources and responses to the U.S. “Great Recession” that began in late 2007. A recent search found more than 2,500 citations to Fazzari's publications in the Research Papers in Economics database (approaching 11,000 in Google Scholar). In addition, his research and commentary on economic conditions and public policy has appeared in the national and international media, with recent attention to the link between rising income inequality and slow growth.
Fazzari teaches macroeconomics, from introductory freshman courses to Ph.D. seminars. His teaching awards include the Missouri Governor’s award for excellence in university teaching, the Emerson Award for teaching excellence, and Washington University's distinguished faculty award. He has been active on University committees and task forces throughout his career. Fazzari served six years as chair of the Department of Economics. In 2014 he began an exciting new job as chair of the newly founded Department of Sociology.