Areas of Expertise:
economics | market psychology | macroeconomic theory | monetary theory | Great Depression | unemployment
Roger Farmer, a distinguished professor of economics, is an expert in how market psychology affects economic activity. Farmer has written extensively on how beliefs of market participants independently influence the economy, including stock prices, the value of the dollar and unemployment.
He has also published a unified theory of the Great Depression and modern business cycles, applying Keynesian economics into the 21st century and arguing for the creation of a new institution similar to the Federal Reserve whose role would be to stabilize asset markets and prevent a recurrence of the Great Depression.