We the undersigned encourage Congress to pass quickly the American Recovery and Reinvestment Act of 2009 and stem the tide of rising joblessness.
The United States is in a recession that threatens to be deep and protracted. Each month, employers are shedding hundreds of thousands of jobs. To stop the hemorrhaging of jobs and pull the economy back from the edge, policymakers must act quickly and decisively. A critical needed action is significant fiscal stimulus specifically designed to boost employment and economic growth.
To this end, Congress and the new administration have put together an economic recovery plan of unprecedented scope and size. The $825 billion American Recovery and Reinvestment Act of 2009 is of the scale and breadth necessary to begin tackling the mounting problems faced by our economy. The plan proposes important investments that can start to overcome the nation’s damaging loss of jobs by saving or creating millions of jobs and put the United States back onto a sustainable long-term growth path.
We do not have the luxury of a lengthy debate over the best course of action. This legislation may not be enough to solve all the economy’s problems, but it is urgently needed and an important step in the right direction.
Signatories
Kenneth J. Arrow
Recipient of the 1972 Nobel Prize for Economics
Stanford University
Palo Alto, California
Lawrence R. Klein
Recipient of the 1980 Nobel Prize for Economics
Benjamin Franklin Professor Emeritus of Economics
University of Pennsylvania
Eric Maskin
Recipient of the 2007 Nobel Prize for Economics
Institute for Advanced Studies
Princeton, New Jersey
Daniel McFadden
Recipient of the 2000 Nobel Prize for Economics and 1975 John Bates Clark Award
University of California
Berkeley, California
Paul Samuelson
Recipient of the 1970 Nobel Prize for Economics
and 1947 John Bates Clark Award
Robert Solow
Recipient of the 1987 Nobel Prize for Economics
and 1961 John Bates Clark Award
Massachusetts Institute of Technology, Professor of Economics, Emeritus
Franklin M. Fisher
Recipient of the 1973 John Bates Clark Award
Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics, Emeritus
Massachusetts Institute of Technology
Cambridge , Massachusetts
Laura Tyson
Chair of The Council of Economic Advisors, 1993 – 1995
President’s National Economic Advisor, 1995 – 1996
University of California, Berkeley
Berkeley , California
Robert Reich
Former Secretary of Labor
Professor of Public Policy
University of California, Berkeley.
Berkeley, California
Sarah Rosen Wartell
Executive Vice President
Center for American Progress Action Fund
Washington , District of Columbia
Dean Baker
Co-Director
Center for Economic and Policy Research
Washington , District of Columbia
Randy Albelda
Professor of Economics
University of Massachusetts Boston
Boston, Massachusetts
Anne Alexander
Former AAAS Policy Fellow (Economic Policy Staff, Africa Bureau, Department of State)
And Director of International Programs
University of Wyoming
Laramie, Wyoming
Marcus Alexis
Professor Emeritus of Management & Strategy, and Economics
Kellogg School of Management
Evanston , Illinois
Sylvia A. Allegretto
Economist
Institute for Research on Labor & Employment
University of California, Berkeley
Bernard E. Anderson
The Wharton School of Business
University of Pennsylvania
University City, Pennsylvania
Marcellus Andrews
Visiting Professor
Department of Economics
Barnard College of Columbia University
Rania Antonopoulos
Projects coordinator of the Gender Equality and the Economy Program
Levy Institute of Bard College
Annandale-on-Hudson, New York
Eileen Appelbaum
Professor, School of Management and Labor Relations
Center for Women and Work, Rutgers University
New Brunswick , New Jersey
Patricia A. Atkinson
Adjunct Lecturer
Department of Economics
Portland State University
Portland, Oregon
Marshall Auerback
Fellow
Economists for Peace and Security at the Levi Institute
Annandale-on-Hudson, New York
Herm Baine
Professor of Economics
Broward College
Davie, Florida
Sandeep Baliga
Associate Professor
Kellogg School of Management
Evanston, Illinois
Erol Balkan
Professor of Economics
Hamilton College
Clinton, New York
Jennifer Ball
Associate Professor of Economics
Washburn University School of Business
Topeka, Kansas
Nina Banks
Associate Professor of Economics
Bucknell University
Lewisburg, Pennsylvania
Edward B Barbier
John S Bugas Professor of Economics
Department of Economics and Finance
University of Wyoming
Laramie, Wyoming
Francis M. Bator
Littauer Professor of Political Economy, Emeritus
Harvard Kennedy School of Government
Cambridge, Massachusetts
William J. Baumol
Academic Director
Berkley Center for Entrepreneurial Studies at NYU
New York, New York
Jeffrey D. Baxter
Economist and Sr. Project Director
Info Tech, Inc.
Gainesville, Florida
Andrea H. Beller
Professor, Agricultural and Consumer Economics
Affiliate, Institute of Government and Public Affairs
University of Illinois at Urbana-Champaign
Urbana, Illinois
Peter Berck
S. J. Hall Professor of Forest Economics Professor of Agricultural and Resource Economics
Department of Agricultural and Resource Economics
University of California, Berkeley
Berkeley, California
Gunseli Berik
Associate Professor of Economics
University of Utah
Salt Lake City, Utah
Amherst, Massachusetts
Michael A. Bernstein
Professor of History and Economics
Tulane University
New Orleans, Louisiana
Josh Bivens
Economist
Economic Policy Institute
Washington, District of Columbia
Rebecca M. Blank
Robert V. Kerr Senior Fellow
Brookings Institution
Washington, District of Columbia
Gail Blattenberger
Associate Professor
Department of Economics
University of Utah
Salt Lake City, Utah
Barry Bluestone
Dean, School of Social Science, Urban Affairs, and Public Policy Director
Kitty and Michael Dukakis Center for Urban and Regional Policy
Russell B. and Andree B. Stearns Trustee Professor Political Economy
Northeastern University
Boston, Massachusetts
Howard Botwinick
Associate Professor of Economics
SUNY Cortland
Cortland, New York
Clair Brown
Professor of Economics Director
Center for Work, Technology, and Society
University of California, Berkeley
Berkeley, California
Scott J. Brown
Chief Economist
Raymond James & Associates
St. Petersburg, Florida
Patricia Byrnes
Professor
Department of Economics
University of Illinois at Springfield
Springfield, Illinois
Guillermo Calvo
Professor of International and Public Affairs
Columbia University
New York, New York
Martha Campbell
Associate Professor of Economics
SUNY College at Potsdam
Potsdam, New York
Kellin Chandler
Stanfield Asst Professor of Economics
DePauw University
Greencastle, Indiana
Jeff Chapman
Research Director
Washington State Budget & Policy Center
Seattle, Washington
Steve Cohn
Professor of Economics
Knox College
Galesburg, Illinois
Eileen L. Collins
Fellow
Rutgers Center for Women & Work
Milwaukee, Wisconsin
James Crotty
Professor Of Economics, emeritus
University of Massachusetts – Amherst
Amherst, Massachusetts
Jane D’Arista
Director of Programs
The Financial Markets Center
Philomont, Virginia
Anita Dancs
Asst. Professor of Economics
Western New England College
Springfield, Massachusetts
Paul Davidson
Editor, Journal of Post Keynesian Economics
Bernard Schwartz Center for Economic Policy Analysis
The New School
New York, New York
Gregory DeFreitas
Professor of Economics
Hofstra University
Hempstead, New York
Brad DeLong
Professor of Economics
University of California, Berkeley
Berkeley, California
James Devine
Professor of Economics
Loyola Marymount University
Los Angeles, California
Amy McCormick Diduch
Associate Professor of Economics
Mary Baldwin College
Staunton, Virginia
Ranjit S. Dighe
Associate Professor
Department of Economics
SUNY College at Oswego
Oswego, New York
Elias Dinopoulos
Professor of Economics
University of Florida
Gainesville, Florida
Laura Dresser
Associate Director
Center on Wisconsin Strategy
University of Wisconsin-Madison
Madison, Wisconsin
Robert Drago
Professor of Labor Studies
Pennsylvania State University
University Park, Pennsylvania
Arindrajit Dube
Research Economist, Labor Center
University of California, Berkeley
Berkeley, California
Amitava Krishna Dutt
Professor
Department of Economics and Policy Studies
University of Notre Dame
Notre Dame, Indiana
Gary Dymski
Professor of Economics
University of California, Riverside
Riverside, California
Catherine S. Elliott
Professor of Economics
New College of Florida
Sarasota, Florida
Gerald Epstein
Professor of Economics
and Co-Director, Political Economy Research Institute (PERI)
University of Massachusetts – Amherst
Amherst, Massachusetts
Hadi Salehi Esfahani
Editor-in-Chief
Quarterly Review of Economics and Finance,
Professor of Economics,
University of Illinois
Urbana, Illinois
Susan Feiner
Professor of Economics
Professor of Women’s and Gender Studies
University of Southern Maine
Portland, Maine
Marianne A, Ferber
Professor Emerita of Economics
and Women’s Studies
University of Illinois, U-C
Urbana Illinois
Rudy Fichtenbaum
Professor of Economics
Wright State University
Dayton, Ohio
Alexander J. Field
Professor of Economics
Santa Clara University
Santa Clara, California
Deborah M. Figart
Dean of Graduate Studies and Professor of Economics
The Richard Stockton College of New Jersey
Pomona, New Jersey
Nancy Folbre
Professor of Economics
University of Massachusetts
Amherst, Massachusetts
Ellen Frank
Visiting Associate Professor of Economics
University of Massachusetts-Boston
Boston, Massachusetts
Gerald Friedman
Professor of Economics
University of Massachusetts at Amherst
Amherst, Massachusetts
James K. Galbraith
Lloyd M. Bentsen, Jr.
Chair in Government/Business Relations
LBJ School of Public Affairs
The University of Texas at Austin
Austin, Texas
Chris Georges
Professor of Economics
Hamilton College
Clinton, New York
Teresa Ghilarducci
Director of the Schwartz Center for Economic Policy Analysis
New School for Social Research
New York, New York
Lonnie Golden
Professor of Economics and Labor
Studies
Penn State University
Abington, Pennsylvania
Eban Goodstein
Professor of Economics
Lewis & Clark College
Portland , Oregon
Ulla Grapard
Associate Professor of Economics and Women’s Studies
Colgate University
Hamilton, NY
Jo Marie Griesgraber
Executive Director
New Rules for Global Finance Coalition
Washington, District of Columbia
Stephany Griffith-Jones
Executive Director
Initiative for Policy Dialogue
Columbia University
New York, New York
Srabana Gupta
Associate Professor of Economics
St. Thomas University
Miami, Florida
Robert Guttmann
Professor of Economics and Department Chair
Department of Economics
Hofstra University
Hempstead, New York
Wbena Gyimah-Brempong
Professor and Chairperson
Department of Economics
University of South Florida
Tampa, Florida
Heidi Hartmann
President
Institute for Women’s Policy Research
Washington , District of Columbia
Carol E. Heim
Professor of Economics
University of Massachusetts, Amherst
Amherst , Massachusetts
Diane Hite
Professor
Department of Agricultural Economics and Rural Sociology
Auburn University
Auburn, Alabama
Emily P. Hoffman
Professor of Economics
Western Michigan University
Kalamazoo, Michigan
Harry Holzer
Professor of Public Policy
Georgetown Public Policy Institute (GPPI)
Washington, District of Columbia
Julio Huato
Associate Professor of Economics
St.Francis College
Brooklyn Heights , New York
Michael D. Intriligator
Professor of Economics, Political Science, and Public Policy
University of California, Los Angeles
Los Angeles, California
Barbara A.P. Jones
Professor of Economics
Alabama A&M University
Normal, Alabama
Lawrence Katz
Elisabeth Allison Professor of Economics
Harvard University
Cambridge , Massachusetts
Mary King
Professor
Economics Department
Portland State University
Portland, Oregon
Lori Kletzer
Professor of Economics
University of California, Santa Cruz
Santa Cruz, California
Jane Knodell
Associate Professor of Economics
University of Vermont
Burlington, Vermont
Thomas Kochan
Co-director, Institute for Work and Employment Research
MIT Sloan School of Management
Cambridge , Massachusetts
Douglas Kruse
School of Management and Labor Relations
Rutgers University
Piscataway, New Jersey
Richard C. Leone
President
The Century Foundation
Washington, District of Columbia
David I. Levine
Eugene E. and Catherine M. Trefethen Professor
Haas School of Business
University of California
Berkeley, California
Margaret Levenstein
Adjunct Associate Professor
Ross School of Business
University of Michigan
Ann Arbor, Michigan
Robert Lynch
Professor of Economics
Washington College
Chestertown, Maryland
Sid Mittra
Emeritus Professor of Finance
Oakland University
Rochester, Michigan
Tracy Mott
Associate Professor
Dept. of Economics
University of Denver
Denver, Colorado
Carlos F. Liard-Muriente
Associate Professor
Department of Economics
Central Connecticut State University
New Britain, Connecticut
Victor D. Lippit
Professor of Economics
University of California, Riverside
Riverside, California
Catherine Lynde
Associate Professor
Economics Department
University of Massachusetts Boston
Boston, Massachusetts
Arthur MacEwan
Professor Emeritus, Department of Economics
Senior Fellow, Center for Social Policy
University of Massachusetts Boston
Boston, Massachusetts
Richard MacMinn
Edmondson-Miller Chair
College of Business
Illinois State University
Diane J. Macunovich
Professor of Economics
University of Redlands
Redlands. California
Julianne Malveaux
President
Bennett College for Women
Greensboro , North Carolina
Ioana Marinescu
Assistant Professor of Economics
Harris School of Public Policy
University of Chicago
Chicago, Illinois
Patrick Mason
Professor of Economics
Florida State University
Tallahassee, Florida
Thomas Masterson
Research Scholar
Distribution of Income and Wealth Project
Levy Economics Institute of Bard College
Annandale-on-Hudson, New York
Roberto Mazzoleni
Associate Professor of Economics
Hofstra University
Hempstead, New York
Peter Hans Matthews
Professor
Department of Economics
Middlebury College
Middlebury, Vermont
Ann Mari May
Associate Professor of Economics
University of Nebraska-Lincoln
Lincoln, Nebraska
Hannah McKinney
Professor of Economics and Business
Kalamazoo College
Kalamazoo, Michigan
Alter W. McMahon
Professor of Economics (Emeritus)
University of Illinois
Champaign, Illinois
David Meltzer
Associate Professor
Department of Medicine, Department of Economics and Graduate School of Public Policy
The University of Chicago
Chicago, Illinois
Peter B. Meyer
Professor Emeritus of Urban Policy and Economics
Director Emeritus, Center for Environmental Policy and Management
University of Louisville
Covington, KY
Edward Montgomery
Dean
College of Behavioral and Social Sciences
University of Maryland
College Park, Maryland
Monique Morrissey
Economist
Economic Policy Institute
Washington, DC
Fred Moseley
Professor of Economics
Mount Holyoke College
South Hadley, Massachusetts
Jamee K. Moudud
Economics Faculty and
Chair, Social Science Group
Sarah Lawrence College
Bronxville, New York
Adil Mouhammed
Associate Professor of Economics
University of Illinois at Springfield
Springfield, Illinois
Richard J. Murnane
Thompson Professor
Harvard Graduate School of Education
Cambridge, Massachusetts
Laurie Nisonoff
Professor of Economics
Hampshire College
Amherst, Massachusetts
Michael Nuwer
Professor of Economics
SUNY Potsdam
Potsdam, New York
Erik Olsen
Assistant Professor
Department of Economics
University of Missouri
Kansas City, Missouri
Dimitri Papadimitriou
President
The Levy Economics Institute
Annandale-on-Hudson, New York
Richard Parker
Lecturer in Public Policy
Kennedy School of Government
Harvard University
Cambridge, Massachusetts
James Parrott
Deputy Director and Chief Economist
Fiscal Policy Institute
New York, New York
Michael Perelman
Economics Department
California State University
Chico, California
Paul Pieper
Associate Professor
University of Illinois at Chicago
Chicago, Illinois
Bruce Pietrykowski
Professor of Economics
University of Michigan-Dearborn
Dearborn, Michigan
Robert Pollin
Professor of Economics
and Co-Director, Political Economy Research Institute (PERI)
University of Massachusetts – Amherst
Amherst, Massachusetts
Robert E. Prasch
Associate Professor of Economics
Middlebury College
Middlebury, Vermont
Mark A. Price
Labor Economist
Keystone Research Center
Harrisburg, Pennsylvania
Steven Raphael
Professor
Goldman School of Public Policy, UC Berkeley
Berkeley, California
James B. Rebitzer
Mannix Professor and Department Chair,
Department of Economics
Case Western Reserve University
Cleveland, Ohio
Scott A. Redenius
Senior Lecturer
Brandeis University
Waltham, Massachusetts
Michael Reich
Professor of Economics and Director
Institute for Research on Labor and Employment
University of California at Berkeley
Berkeley, California
Andrew Reschovsky
Professor of Public Affairs and Applied Economics
Robert M. La Follette School of Public Affairs
University of Wisconsin-Madison
Madison, Wisconsin
Charles F. Revier
Associate Professor
Department of Economics
Colorado State University
Fort Collins, Colorado
Stephen E. Reynolds
Professor of Economics
Associate Director (International)
Institute of Public and International Affairs (IPIA)
University of Utah
Salt Lake City, Utah
Bruce B. Roberts
Professor of Economics
University of Southern Maine
Portland Maine
Malcolm B. Robinson
Professor of Economics
Thomas More College
Crestview Hills, Kentucky
William M. Rodgers
Professor and Chief Economist
Heldrich Center for Workforce Development
Bloustein School of Planning and Public Policy
Rutgers University
New Brunswick, New Jersey
John E. Roemer
Elizabeth S. and A. Varick Stout Professor of Political Science and Economics
Dept of Political Science
Yale University
New Haven, Connecticut
Samuel Rosenberg
Professor of Economics and Director of the Honors Program
Department of Economics
Roosevelt University
Chicago, Illinois
Kathleen Greer Rossmann
Associate Professor of Economics
Birmingham-Southern College
Birmingham, Alabama
Lauren Rudd
President
Savannah Capital Management
Publisher of The Rudd Report – Investment News and Research
Sarasota, Florida
Héctor Sáez
Research Economist
Center for Sustaining Agriculture & Natural Resources
Washington State University
Mount Vernon, Washington
Karl Schmedders
Associate Professor of Managerial Economics and Decision Sciences
Kellogg School of Management
Northwestern University
Evanston, Illinois
John Schmitt
Center for Economic and Policy Research
Washington, DC
John Karl Scholtz
Professor of Economics
University of Wisconsin — Madison
Madison, Wisconsin
T. Paul Schultz
Professor Emeritus Economics Department
Yale University
New Haven, Connecticut
Michael C. Seeborg
Eckley Professor of Economics
Illinois Wesleyan University
Bloomington, Illinois
Stephanie Seguino
Professor of Economics
University of Vermont
Burlington, Vermont
Mark Setterfield
Professor of Economics
Trinity College
Hartford, Connecticut
Brad W. Setser
Fellow for Geoeconomics
Council on Foreign Relations
New York, New York
Jean Shackelford
Professor of Economics
Bucknell University
Lewisburg, Pennsylvania
Sherrill Shaffer
Guthrie Distinguished Professor of Banking and Financial Services
University of Wyoming
Laramie, Wyoming
Sumitra Shah
Associate Professor of Economics
St. John’s University
New York City
Heidi Shierholz
Economist
Economic Policy Institute
Washington, DC
Perry Singleton
Assistant Professor
Department of Economics
Syracuse University
Syracuse, New York
Peter Skott
Professor
University of Massachusetts, Amherst
Amherst, Massachusetts
Timothy M. Smeeding
Director
Institute for Research on Poverty
and A & S Distinguished Professor of Public Affairs and Economics
Robert M. La Follette School of Public Affairs
Madison, Wisconsin
Bryan Snyder
Lecturer in Economics
Bentley University
Waltham, Massachusetts
Todd Sorensen
Assistant Professor
Department of Economics
University of California, Riverside
Riverside, California
William E. Spriggs
Professor and Chair, Department of Economics
Howard University
Washington, District of Columbia
James B. Stewart
Professor of Labor Studies and Employment Relations and Management and Organization
Penn State University
University Park, Pennsylvania
Diana Strassmann
Editor, Feminist Economics
Director, Program on Poverty, Social Justice, and Human Capabilities
Center for the Study of Women, Gender, and Sexuality
Rice University
Houston, Texas
Mark Stater
Assistant Professor of Economics
Trinity College
Hartford, Connecticut
Mary Huff Stevenson
Professor of Economics
University of Massachusetts Boston
Boston, Massachusetts
Frank Stricker
Professor of History and Labor Studies
California State University, Dominguez Hills
Carson, California
Linwood F. Tauheed
Assistant Professor of Economics
University of Missouri-Kansas City
Kansas City, Missouri
Mark Thoma
Associate Professor of Economics
University of Oregon
Eugene, Oregon
Alexander M. Thompson III
Professor of Economics
Vassar College
Poughkeepsie, New York
Chris Tilly
Director, Institute for Research on Labor and Employment and Professor of Urban Planning
University of California, Los Angeles
Los Angeles, CA
Eric Tymoigne
Assistant Professor of Economics
California State University, Fresno
Fresno, California
Mukti Upadhyay
Professor, Dept of Economics
Eastern Illinois University
Charleston, Illinois
Leanne Ussher
Assistant Professor, Economics,
Queens College, City University of New York
Flushing, New York
Paula B. Voos
Director of Credit Programs and Professor
Rutgers University
New Brunswick, New Jersey
Jane Waldfogel
Professor of Social Work and Public Affairs
Columbia University School of Social Work
New York, New York
William Waller
Professor of Economics
Hobart and William Smith Colleges
Geneva, New York
Immanuel Wallerstein
Senior Research Scholar
Yale University
New Haven, Connecticut
David F. Weiman
Alena Wels Hirschorn ’58 Professor of Economics
Department of Economics
Barnard College
Columbia University
New York, New York
Mark Weisbrot
Co-Director
Center for Economic and Policy Research
Washington, District of Columbia
Thomas Weisskopf
Professor of Economics
University of Michigan
Ann Arbor, Michigan
Christian Weller
Senior Fellow
Center for American Progress Action Fund
Washington , District of Columbia
Edward Wolff
Professor of Economics
Department of Economics
New York University
New York, New York
Marty Wolfson
Director of the Higgins Labor Studies Program
University of Notre Dame
Notre Dame, Indiana
Richard H. Wood, Jr.
Professor of Economics,
Stetson University
DeLand, Florida
L. Randall Wray
Professor of Economics
University of Missouri
Kansas City, Missouri
Yavuz Yasar
Assistant Professor
Department of Economics
University of Denver
Denver, Colorado
Linda Wilcox Young
Professor of Economics
Southern Oregon University
Ashland, Oregon
Mark Zandi
Chief Economist and Co- Founder
Moody’s Economy.com