The William R. Rhodes ’57 Professor of International Economics Professor of Political Science and International and Public Affairs
Mark Blyth is a political economist whose research focuses upon how uncertainty and randomness impact complex systems, particularly economic systems, and why people continue to believe stupid economic ideas despite buckets of evidence to the contrary. He is the author of several books, including Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century (Cambridge: Cambridge University Press 2002, Austerity: The History of a Dangerous Idea (Oxford University Press 2013, and The Future of the Euro (with Matthias Matthijs) (Oxford University Press 2015)
Currently trying to stop talking about the macroeconomics of austerity but bad ideas never seem to go out of fashion so it's hard to stop. New projects on economic knowledge as a macro-structural property rather than as an individual property; why the Baby-Boomers constitute a threat to future prosperity and political stability; and why long and low inflation rates and interest rates are here to stay for much longer than we think.
“When is it Rational to Learn the Wrong Lessons? Technocratic Authority, Social Learning, and Euro Fragility,” Perspectives on Politics. Volume 16 (1) March 2018, pp. 110-126. doi:10.1017/S1537592717002171
Political economist Mark Blyth comments on the British Parliament's votes toward Brexit, saying "It’s an example of what happens when democracies delegate responsibility for making serious decisions to the public and then they have to live with the consequences without ever thinking through what they’re doing."
Political economist Mark Blyth discusses the creation of the European Union and the Brexit referendum. "An interesting aspect of the story is how the United States itself was not just present at the beginning, [but] was actually quite generative of the project."
Professors Peter Andreas and Mark Blyth are mentioned in an article published by the Cambridge University Press that "identifies the 100 currently most-cited scholars, the 25 most-cited in each PhD cohort and subfield, the 40 most cited-women scholars, and the 25 most-cited emeriti."
Mark Blyth, director of the Rhodes Center for International Economics and Finance, spoke with the Financial Times about the politicking of central banking, the hurdles to finding a U.S.-China trade war resolution, and how China can manage the financial risks building in its economy.