Melvyn B. Krauss

William L. Clayton Senior Fellow, Emeritus

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

Goodbye To The German Status Quo

by Melvyn B. Kraussvia Project Syndicate
Monday, September 27, 2021

Strong performances by the Greens and the Social Democrats in Germany's federal election have made it likely that outgoing Chancellor Angela Merkel's Christian Democrats will be consigned to the opposition. The hope now is that German economic policy will start to look to the future, rather than merely the present.

Analysis and Commentary

Joe Biden’s Nixon Strategy

by Melvyn B. Kraussvia Project Syndicate
Tuesday, July 6, 2021

Notwithstanding the predictable howls of protest from some Europeans, US President Joe Biden, French President Emmanuel Macron, and German Chancellor Angela Merkel are right to seek a thawing of ties with Russian President Vladimir Putin. If the main global threat is China, Putin has several compelling reasons to play ball.


Biden’s Great Game

by Melvyn B. Kraussvia Project Syndicate
Thursday, June 3, 2021

Considered in isolation, some of the Biden administration's recent decisions on sanctions and transatlantic diplomacy may seem overly accommodating. But looming over everything – including Biden's upcoming European tour – is the pursuit of a united Western policy to deal with an increasingly aggressive China.

Analysis and Commentary

America First, Biden-Style

by Melvyn B. Kraussvia Project Syndicate
Wednesday, May 5, 2021

Does US President Joe Biden want a dynamic America, open to the world, or Donald Trump’s anxious America, suspicious and contemptuous of others? Until Biden offers a bold gesture to exorcise the spirit of Trump from US foreign policy, his hopes of restoring American global leadership are likely to be disappointed.

Analysis and Commentary

The Macron Factor

by Melvyn B. Kraussvia Project Syndicate
Thursday, April 15, 2021

Between Brexit and German Chancellor Angela Merkel's looming departure, there is no longer any question that Joe Biden's top European ally will be French President Emmanuel Macron. But the Biden administration must act fast to seize the opportunity – and that means shoring up Macron's support at home.

Analysis and Commentary

Vaccines Can Mend US-EU Ties

by Melvyn B. Kraussvia Project Syndicate
Monday, March 15, 2021

There is no doubt about US President Joe Biden’s desire to revitalize ties with Europe, which is why his administration must help the Europeans in their moment of need. The fastest way to do this – and to strengthen the transatlantic relationship – is US-European joint production of vaccines in Europe.

Analysis and Commentary

The Draghi Power Triangle

by Melvyn B. Kraussvia Project Syndicate
Friday, February 19, 2021

Mario Draghi’s first speech as Italy’s prime minister made clear that his national unity government will not only be about domestic Italian politics and policy reforms, but about Europe, too.

Analysis and Commentary

Draghi And The Defense Of Democracy

by Melvyn B. Kraussvia Project Syndicate
Thursday, February 4, 2021

US President Joe Biden's administration has made forging a common approach with its allies to China and Russia a pillar of its foreign policy. The prospect that former European Central Bank president Mario Draghi will join the European Union’s core leadership could go a long way toward achieving that.

Analysis and Commentary

The Inevitability Of German Stimulus

by Melvyn B. Kraussvia Project Syndicate
Tuesday, January 19, 2021

The transition to new German leadership after 16 years under Chancellor Angela Merkel will not change the country's core political priorities vis-à-vis Europe. Preserving the eurozone will remain paramount, even if it means suspending Germany's traditional opposition to fiscal stimulus and deficits.

Analysis and Commentary

The Brexit Boon To Europe And The US

by Melvyn B. Kraussvia Project Syndicate
Friday, January 8, 2021

More than four years after the Brexit referendum, the United Kingdom has finally left the European Union, and the timing could not be better. With Britain gone, Europe has nothing preventing it from adopting a new economic-policy model that is better equipped for contemporary conditions, not least a strengthening euro.