Melvyn B. Krauss

William L. Clayton Senior Fellow, Emeritus
Biography: 

Melvyn Krauss is the emeritus William L. Clayton Senior Fellow at the Hoover Institution. He is also emeritus professor of economics at New York University. He is an expert on international economics and economic development.

Krauss' current research focuses on the relationship between free trade and the welfare state, foreign trade policy issues, and regional economics.

His recent publications include How Nation's Grow Rich (Oxford University Press, 1997) and Free Trade Doesn't Kill Social Programs (Wall Street Journal, December, 1997). Krauss is also the author of How NATO Weakens the West (Simon and Schuster, 1986), Development Without Aid (McGraw Hill, 1983), and The New Protectionism (New York University Press, 1978).

Krauss has taught at various universities outside the United States including the London School of Economics, the University of Amsterdam, the University of Stockholm, the University of Aix-Marseille, and McMaster University, Hamilton, Ontario. He has also held teaching positions at New York University, Johns Hopkins School of Advanced International Studies, and Stanford University.

Krauss has published more than 35 articles in scientific journals, including the American Economic Review, the Journal of Economic Literature and the Journal of Political Economy.

Krauss received a BA degree from Brooklyn College, an MA in economics from New York University, and completed a PhD in economics at New York University in 1968.

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Recent Commentary

Analysis and Commentary

The ECB Should Choose An Italian To Supervise Banks

by Melvyn B. Kraussvia Bloomberg Quint
Wednesday, August 29, 2018

Melvyn Krauss is a senior fellow at the Hoover Institution at Stanford University and an emeritus professor of economics at New York University.

Analysis and Commentary

What Do Steel Tariffs Have To Do With Iran? Plenty

by Melvyn B. Kraussvia Bloomberg
Thursday, May 31, 2018

Europe's temporary waiver from U.S. import quotas on steel and aluminum is about to expire, and most experts are pessimistic that a U.S.- EU trade war can be avoided.

Featured

Trump's Steel, Aluminum Tariffs Will Hurt Our Economy And Tank Our Stock Market

by Melvyn B. Kraussvia USA Today
Friday, March 2, 2018

With tax cuts and spending increases already raising the prospect of inflation, protectionism will push the Fed to raise rates even faster.

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In The #MeToo Era, The Audience Deserves A Voice

by Melvyn B. Kraussvia USA Today
Thursday, January 18, 2018

Americans are being deprived of a great conductor's talents with little regard for his guilt or innocence. Our already shaky institutions of high culture will pay a price.

Analysis and Commentary

Trump's Tax Cut Won't Deliver Promised Growth. Republicans Put Politics Over Permanence.

by Melvyn B. Kraussvia USA Today
Wednesday, January 3, 2018

Thanks to Trump’s divisive "get even" mentality, the Republicans have missed a golden opportunity for permanent corporate tax reform.

Featured

The Pitfalls Of Cutting Low-Skilled Immigration

by Melvyn B. Kraussvia The Herald-Sun
Friday, August 11, 2017

President Donald Trump has thrown his support to the Cotton-Perdue bill to restrict legal immigration of low-skilled workers into the U.S. by as much as 50 percent on the grounds it would raise the wages of American working families. That’s not what the economic evidence is showing, however.

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Italy's Bank Bailout Serves German Interests Too

by Melvyn B. Kraussvia Bloomberg
Friday, July 7, 2017

As Europe’s politicians digest the lessons from Italy’s recent 17 billion euro ($19.34 billion) bailout of two Venetian banks, two schools of opinion have emerged. The majority view is that the bailout, while less than ideal, at least brought greater financial stability to Italy.

Analysis and Commentary

A Border Tax Adjustment Will Cost U.S. Consumers

by Melvyn B. Kraussvia Bloomberg
Wednesday, February 22, 2017

Republicans in Congress have come up with what they think is a great way to pay for President Trump's corporate-tax cuts: a so-called border tax adjustment, which would provide a rebate for exports while placing an added duty on the country's much larger volume of imports.

Analysis and Commentary

Let’s Make A Deal On Russia And NATO

by Melvyn B. Kraussvia Wall Street Journal
Wednesday, February 1, 2017

Trump leaves sanctions alone, while allies spend more on defense.

Analysis and Commentary

The ECB Can't Risk A Taper Tantrum

by Melvyn B. Kraussvia Bloomberg
Wednesday, October 19, 2016

With inflation in the euro zone starting to show signs of life, European Central Bank watchers are beginning to speculate about when quantitative easing might taper off. Germany's Bundesbank, which has been uncomfortable with the bond-buying program from the get-go, is likely to be a leading advocate of scaling back purchases. But there are significant risks to moving too soon.

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