- Source: Isabella Weber
Isabella M. Weber (born 1987 in Nuremberg, Germany) is a German economist. She is an associate professor of economics at the University of Massachusetts Amherst.
Weber became more widely known for having taken a position in favor of a price control policy. Her op-ed published in The Guardian in December 2021 caused an uproar among economists, some of whom, including Paul Krugman, have since apologized and become open to price caps. Weber's thoughts around focusing more on what she calls "sellers' inflation" (instead of focusing on increased demand) have become more popular and mainstream by 2023, especially in Europe. In additional to price caps and strict anti-price gouging legislation to combat inflation, she also supports windfall profit taxes.
Life
In 2017, Weber obtained a PhD in Development Studies from the University of Cambridge. Her thesis was titled China's Escape from the 'Big-Bang': The 1980s Price Reform Debate in Historical Perspective and advised by Peter Nolan.
From 2017 to 2019, Weber was a lecturer in Economics at Goldsmiths, University of London. In 2019, she became assistant professor of economics at the University of Massachusetts Amherst.
In December 2021, an op-ed she published in The Guardian which argued that strategic price controls could help control inflation in bottleneck situations was heavily criticized by economists, making her "the most hated woman in economics" (The New Yorker). Paul Krugman strongly criticized the op-ed but apologized during the peak of the fracas and since changed his position on price caps, arguing they might be a useful inflation management tool.
In 2022-23, Weber was a fellow in the Future of Capitalism program at the Berggruen Institute.
In 2022, Weber was a member of the German government's gas price commission, an expert advisory group of the Federal Ministry for Economic Affairs and Climate Action.
Awards and honors
In 2023, Weber was recognized on Time Magazine's TIME100 Next list which recognizes rising leaders across multiple fields
In 2022, Weber was named one of Bloomberg's "50 people who defined global business in 2022"
In 2019, Weber was awarded the Joan Robinson Prize from the European Association for Evolutionary Political Economy for her book “How China Escaped Shock Therapy: The Market Reform Debate”
In 2019, Weber was also awarded the Warren Samuels Prize for Interdisciplinary Research in History of Economic Thought and Methodology from the Association for Social Economics (ASE)
See also
2021-2022 inflation spike
Greedflation
References
External links
Official website
Interview on Planet Money (May 12, 2023)
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