Michael D. Goldberg
Michael D. Goldberg is the Todd H. Crockett Professor of Economics at the University of New Hampshire and a senior research associate at the Institute for New Economic Thinking (INET). He has written extensively in the fields of International Finance and Macroeconomics and his columns on asset price fluctuations and policy reform have been published by leading newspapers in more than 50 countries. His bestselling books, Imperfect Knowledge Economics: Exchange Rates and Risk (Princeton University Press, 2007) and Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State (Princeton University Press, 2011), both co-authored with Roman Frydman, propose a new approach to macroeconomic modeling that recognizes that the structure of the economy changes at times and in ways that do conform to a probabilistic rule. Beyond Mechanical Markets was a finalist for the 2011 TIAA-CREF Paul A. Samuelson Award. The book was also one of the Financial Times non-fiction favorites of 2011, commended by its chief economics commentator, Martin Wolf. James Pressley of Bloomberg News also selected it as a top business book of 2011. Beyond Mechanical Markets has been translated into Chinese, Italian, Polish, French, and German. Imperfect Knowledge Economics has been translated into Chinese and Polish.
Imperfect Knowledge Economics
Ph.D., Economics, New York University, New York, NY, October 1991
B.S., Business and Economics, Lehigh University, Bethlehem, PA, June 1980
"Change and Expectations in Macroeconomic Models: Recognizing the Limits to Knowability," with Roman Frydman, Journal of Economic Methodology, 20. pp. 118-138, 2013.
"The Imperfect Knowledge Imperative in Modern Macroeconomics and Finance Theory," with Roman Frydman, in Roma Frydman and Edmund S. Phelps (eds.), Rethinking Expectations: The Way Forward for Macroeconomics, Princeton University Press, pp. 130-165, 2013.
"Opening Models of Asset Prices and Risk to Non-Routine Change," with Roman Frydman, in Roman Frydman and Edmund S. Phelps (eds.), Rethinking Expectations: The Way Forward for Macroeconomics, Princeton University Press, pp. 207-250, 2013.
Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State, with Roman Frydman, Princeton University Press: Princeton, New Jersey, 2011. Translated into Chinese, Italian, Polish, French, and German.
"Testing Hypotheses in an I(2) Model with Applications to the Persistent Long Swings in the Dmk/$ Rate," with Roman Frydman, Soren Johansen, Katarina Juselius, Journal of Econometrics, 158, pp. 117-29, 2010.
- Todd H. Crockett Professor of Economics, Paul College, September 2012 to Present
- Finalist, TIAA-CREFF Paul Samuelson Book Award for Beyond Mechanical Markets, 2011
- Outstanding Associate Professor, UNH, 2008
- Whittemore School Excellence in Research, WSBE, 2007-2008
- University Scholars Award, UNH, Fall 2004