Global Honors for NSSR Faculty

As world-renowned scholars in their fields, several New School for Social Research faculty members recently received major honors from universities in Europe and South America. 

Richard J. Bernstein, Vera List Professor of Philosophy, teaches a class at The New School for Social Research

Richard Bernstein, Vera List Professor of Philosophy, received an honorary doctorate from the University of Buenos Aires in September 2019. 

As part of several days of celebration, Bernstein gave a keynote lecture on his philosophical journey; participated in a roundtable discussion entitled “Philosophy as Conversation: 40 Years of Philosophy and the Mirror of Nature by Richard Rorty”; and presented the 2019 Spanish translation of his 1983 classic, Beyond Objectivism and Relativism: Science, Hermeneutics, and Practice.

Bernstein is a celebrated scholar of American pragmatism, and is teaching a class on the topic at NSSR this spring. He writes and teaches across fields including social and political philosophy, critical theory, and Anglo-American philosophy. He has taught at NSSR since 1989, and has had an integral role in shaping the school as both NSSR dean and chair of the Department of Philosophy.


Headshot of Alice Crary, University Distinguished Professor

Alice Crary, University Distinguished Professor, has been named Visiting Fellow at Regent’s Park College, University of Oxford. This continuing position supports Crary’s ongoing relationships with faculty and students at Regent’s, where in 2018-2019 she was Fellow in Philosophy and Christian Ethics, as well as with the greater Oxford community. Crary was the first Regent’s Fellow to be awarded a personal chair at Oxford from the start of their appointment.

A moral and social philosopher, Crary has written widely on issues in metaethics, moral psychology and normative ethics, philosophy and literature, philosophy and feminism, critical animal studies, critical disability studies, and Critical Theory as well as on figures such as Austin, Cavell, Diamond, Foot, Murdoch and Wittgenstein. Her most recent book is Inside Ethics: On the Demands of Moral Thought (Harvard University Press, 2016), a monograph on the representation of animals and humans in ethical discourse. Hypatia: A Journal of Feminist Philosophy described the book as “a sweeping challenge to several widely shared orthodoxies in metaphysics and moral philosophy.” 

In Spring 2020, Crary is co-teaching a graduate seminar on Animal Ethics with Dale Jamieson, Professor of Environmental Studies and Philosophy at New York University.


Willi Semmler, Arnhold Professor of International Cooperation and Development, sits in his office

Willi Semmler, Arnhold Professor of International Cooperation and Development, received an honorary doctorate from FON University in North Macedonia in late January 2020. Following the ceremony, he took part in a summit entitled The Role of Education for Global Peace and Sustainable Development. 

Ambassador Prof. Dr. Karim Errouaki, President Emeritus of FON University, called Semmler “one of the most far-seeing political economists of our time,” adding, “For nearly 40 years, you have been a generative thinker, one whose theories have transformed the core of teaching in the field of Dynamic Modeling, Empirical Macroeconomics, and Finance and more recently you have pioneered and shaped the new field of Macroeconomics of Climate Change.”

THE ROLE OF EDUCATION FOR GLOBAL PEACE AND SUSTAINABLE DEVELOPMENT

The World Union of Poets, The Arabian Culture and Information Center, The Arab Inventors, The Arab Science Club & Dituria a.s.

A research associate and director of the Economics of Climate Change project at NSSR’s Schwartz Center for Economic Policy Analysis, Semmler is indeed on the forefront of new efforts to try to make measurable the economic impacts of climate catastrophe. His latest research focuses on financing low-carbon transitions through green bonds and carbon pricing, and he wrote a report on the topic for the World Bank with several NSSR Economics alumni and current students. 

Learn more about Semmler and his research in this Research Matters profile.

Late 2019 Publications from NSSR Faculty

Faculty across all departments at The New School for Social Research published exciting new research this year. Their work takes many forms, most often articles in popular and peer-reviewed journals as well as books. Below, Research Matters highlights three books by NSSR professors published in late 2019. Be sure to check out a full list of books from the past decade on our Social Research Bookshelf!


MARK W. FRAZIER
The Power of Place: Contentious Politics in Twentieth-Century Shanghai and Bombay

While many scholars of China treat it as sui generis, Mark W. Frazier, Professor of Politics, does not. He is among a small but expanding group of China scholars who are study China by way of comparison with other countries. In The Power of Place: Contentious Politics in Twentieth-Century Shanghai and Bombay (Cambridge), Frazier does this through a paired comparison of the politics, history, and urban planning of two cities in China and India with the deepest engagements with global capitalism.

In bringing together the three fields, Frazier attempts to answer a bigger question: How do changes in the urban political geographies of cities over the long term influence conceptions of rights to the city and patterns of popular protest? 

“I’ve always been interested in the ways in which we understand the historical context of politics, and I’ve always done work in cities,” says Frazier. “This is my first work in which I really turned to urban studies and doing work on cities as opposed to in cities.” In researching the book, he immersed himself in the foundational literature of urban studies and planning, and drew on a variety of sources: primary sources related to popular protests, archive materials from municipal agencies, and observations of neighborhood activities with NGOs. He also drew upon numerous contacts from conferences and talks hosted by the India China Institute, where he is now Co-Director and Starr Foundation Professor.

Why Shanghai and Mumbai? The two port cities “were basically shaped by British colonial capitalism as it existed in the nineteenth century,” he says. They share other characteristics as well: both evolved as cities with globally prominent textile industries, and were “at the forefront of revolutionary movements that sought to replace colonial governance and capitalism with a vision of socialist modernity in which urban inequities would be a thing of the past.”

In The Power of Place, Frazier focuses on urban politics and protests that rocked Shanghai and Mumbai over the 20th century. He notes a number of convergences in popular movements over time: anti-imperialist, nationalist sentiment in 1919; dissatisfaction with broken promises of socialist modernization in 1966; and resistance to development by housing dispossession and deindustrialization in the late 1990s. Throughout the book’s seven chapters, he explains these parallels by looking at larger transnational currents and changes in each city’s political economy over those periods.

Today, residents of both cities continue to raise questions surrounding citizenship and urban governance despite their differences in democratic and authoritarian political institutions. Fortunately, The Power of Place can help readers better understand the roots of these current debates.


MARK SETTERFIELD
Heterodox Macroeconomics: Models of Demand, Distribution and Growth

More than a decade has passed since the 2008 Financial Crisis and the start of the Great Recession. As academics, journalists, and other thinkers continue to dissect what went wrong, many heterodox economists believe they may have an idea or two about it, and what others may have missed.

In their new book, Heterodox Macroeconomics: Models of Demand, Distribution, and Growth (Elgar), Mark Setterfield, Professor of Economics, and co-author Robert A. Blecker write:

“…Mainstream macroeconomics lacks (and continues to display little interest in developing) a theory of capitalism as a stratified and contested terrain that is vulnerable to periodic crises.”

Heterodox Macroeconomics doesn’t propose to change mainstream economics, but rather to offer a comprehensive look at heterodox growth theories, especially ones in the classical-Marxian and post-Keynesian traditions. Its three sections detail growth and distribution models, models of distributional conflict and cyclical dynamics, and Kaldorian approaches to export-led growth and the balance-of-payments constraint.

Economists from all schools of thought will find this foundational heterodox text useful, especially the many mainstream economists and policymakers who, Setterfield notes, are finally beginning to pay attention to long-held heterodox ideas. Graduate students and advanced undergraduate students, and the faculty who teach them, will find the text particularly helpful.

“I actually don’t like to teach from textbooks, but here I am producing a textbook!” says Setterfield. “In many ways, this is a compendium of everything [Blecker and I] have been teaching for years. We do try to go over all of the ideas from a first principles position, not assuming a lot of familiarity with concepts.”  

In fact, in the book’s introduction, Setterfield and Blecker specifically thank the thousands of students they’ve taught over the past several decades, including NSSR alumni Daniele Tavani and Ramaa Vasudevan, both now faculty at Colorado State University, as well as the many other colleagues who’ve helped them refine their ideas. “The good and the bad thing about heterodox economics is that the community is relatively small. So, the bad thing is there aren’t many of you and there aren’t many resources to do a lot of work. The good thing is you get to know each other pretty quickly!” says Setterfield. 

Going back to the basics has been a new sort of collaborative writing process for the co-authors. “This was just one gigantic process of taking something for granted, getting into writing it down, and thinking, ‘Hm, really? I hadn’t thought about it!’” remembers Setterfield. The process mirrors what he often tells New School students when they remark that they’ve read a text before: “Oh, I’ve been reading this for 25 years and I’m still seeing things!’” Heterodox Macroeconomics will hopefully help readers at all levels have similar aha moments.


ALEX ALEINIKOFF
The Arc of Protection: Reforming the International Refugee Regime

Writing a book can be a messy process. In 2018, Alex Aleinikoff, University Professor and head of the Zolberg Institute on Migration and Mobility, decided to make part of that process public. 

He and co-author Leah Zamore published an early draft of their new book, The Arc of Protection: Reforming the International Refugee Regime, on Public Seminar, a digital intellectual commons supported by The New School. With an introduction both their work and the current state of refugee affairs, they shared each chapter and invited feedback from readers on their work.

A lot changed between that draft and the book itself, published in 2019. Aleinikoff and Zamore realized their ideal audience included policymakers and refugee advocates as well as academics, so they worked with Stanford Briefs, an imprint of Stanford University Press, to make the text more concise and accessible. They also sharpened their arguments with feedback from Public Seminar readers.

Aleinikoff and Zamore’s arguments remained the same, however: The international refugee regime — the titular arc of protection, designed in the wake of World War II — is fundamentally broken. More than 70 million people are currently displaced by conflict and violence. Routinely denied rights guaranteed to them by international law, they have few prospects for rebuilding their lives, contributing to host communities, or returning to their former homes. 

A former dean at Georgetown University Law Center, Aleinikoff shifted to full-time policymaking in 2010 as the United Nations Deputy High Commissioner for Refugees (UNHCR). He held that position for five years, during which time he worked with Zamore, then a Yale Law School student. That academic and professional experience helped inform their perspective and recommendations in The Arc of Protection. “As a legal academic, I previously focused much more on asylum proceedings in the U.S. I ran an asylum clinic, wrote a few journal articles that raised issues useful for adjudicators in the U.S.,” he says. “[At UNHCR], I became much more focused on where the real problems of the refugee system is, which is not movement of asylum seekers to developed states. It’s rather the fact that the vast majority of refugees are unable to move from the initial country they fled to. They’re not able to go home, they’re not able to resettle, and they’re not fully integrated into the communities in those hosting states. It’s that stuckness — what we call the second exile — that’s the essential problem.”

Refugee rights and refugee agency can help change the current situation, and Aleinikoff and Zamore offer strategies for change at the level of structures and institutions. They argue for the creation of a new structure that would incorporate all global actors, from states to the World Bank, that would be able to make decisions and act in ways that the UNHCR can’t. They also advocate for a move away from formal resettlement programs and toward refugees’ right of mobility on the regional level. Ordinary people can get involved as well, helping to elevate refugee voices, especially in amplifying the messages of refugee-led advocacy groups. 

Those looking to learn more about U.S. refugee and asylum policy can listen to Aleinikoff’s Tempest Tossed podcast, which recently featured David Miliband, President of the International Rescue Committee, and which will cover Trump’s immigration policies in the lead-up to the 2020 election.


Revival Magazine Examines the State of the Left

Revival on 15th Street, a cheap bar with a patio, became a regular spot for the NSSR community to meet for a post-class drink near campus. One particular group of graduate students routinely went to Revival together every Friday night. They would talk about The New School, the chaos of graduate life, and the intricacies of leftist ideologies and movements happening in, around, and far from the university. These discussions soon became the inspiration to start their own magazine.

“The idea to establish Revival Magazine originated from the realization that The New School, and in particular NSSR, lacks accessible and student-led spaces where we can exchange ideas and arguments that are not academic in nature,” says founding co-editor and Economics MA student Ruben Brockbreder. “We wanted to create Revival to document these conversations, which, while most passionately delivered in the dim light of the bar and animated by Friday night spirits, would often dissipate within daily routine and university madness.” 

“All That’s Left”

The first issue of Revival launched in May of 2019, entitled “All That’s Left.”  “The quite gloomy title for Issue I describes our attempt to collect or survey the condition of leftist movements and parties around the world,” Brockbreder says.

The issue featured three sections: commentaries on the state of the left in seven different countries; research briefs spotlighting the work of MA and PhD students in NSSR’s Three-Minute Thesis Challenge; and art and essays on themes of labor, alienation, and a sense of belonging in and near the left. Submissions came from across NSSR, representing how social science students are grappling with today’s most pressing issues.

Ye Liu, a Sociology PhD candidate, wrote a commentary on China:

Amy Osika, a Historical Studies MA student, explored the use of satire by the New Left and the U.S. counterculture for social and political critique in 1960s.

P.J. Gorre, Philosophy PhD candidate and Coordinator of Academic Affairs at NSSR, shared advice from his mother amid difficult times.

Kalpa Rajapaksha, an Economics PhD student, presented photographs from “beyond the horizons of capital in New York City.”

Making a Magazine

But as Brockbreder tells Research Matters, an idea is far from enough to make a magazine materialize from scratch. The original team of five editors found funding for Revival through NSSR’s MA Project Grant, which provides support for initiatives launched by MA students that focus on learning, research, and community-building. 

“From the very beginning, we all agreed that we wanted to produce a physical rather digital product that we could ‘hold in our hands and pass around’. From getting submissions for essays and artwork, to editing and finally printing and binding, everything in setting up Revival, in fact, has been refreshingly physical,” Brockbreder says. They printed and bound the magazine by hand at Parsons Making Center, with a digital copy created as an archive. 

Isobel Chiang, a Creative Publishing and Critical Journalism MA student and Revival’s art director, has worked as a publishing fellow with the New Republic and as an assistant at both the Parsons School of Design and at a New York City design firm. She points to the Parson’s Graphic Design Lab and its technician, Joe Hirsch, as major resources for producing the physical magazine. She included her notes on design and layout in the arts section of Revival:

“Our goal when typesetting and laying out Revival was not to make a magazine that succumbs to stale associations of leftism (the color red, images of people protesting, stars, etc.),” she writes. “Our goal, instead, was to somehow carry over the spirit of the left into a print product.” The magazine uses only three colors on uncoated paper.

Publication design is an essential part of the Creative Publishing and Critical Journalism (CPCJ) curriculum. All CPCJ MA students take Design and the Future of Publishing, a hands-on studio course investigating typography, book and pamphlet design, digital printing, content on the web, and ideation. They also examine contemporary issues that cross design and publishing through readings and analysis of contemporary books, magazines, and periodicals across both printed and digital platforms. Every spring, Parsons School of Design undergraduates join CPCJ students in multidisciplinary teams that work to create conceptual publishing projects — a truly New School-only experience.

Looking Left of The New School

Buoyed by student response and a second MA Project Grant, Revival’s editors are working on its second issue, “For our second issue, we now want to shift the focus from the global to the local to focus on the movements and debates organized by New School students and workers,” Brockbreder says. 

Submissions for the second issue should touch broadly on the relationship between leftist ideas and ‘liberal institutions,’ such as The New School, timely in the year of its centennial. Some topics suggested in the call for submissions include how the New School’s health insurance policy is affecting students, the meaning and symbolism of sanctuary schools, and labor organizing on campus and at other academic institutions. 

As the first issue told us, “We want to continue thinking beyond academia; coming from within but looking beyond. This is an attempt at reviving that tradition.”


If you would like to write for Revival, please email revivalmag@newschool.edu with a brief pitch of your idea; the essay does not have to be written at this point in time. If you have a complete essay, please submit that as an attachment with a brief summary of the essay in the body of your email. The submission deadline is December 15, 2019.


Cailin Potami is a writer, an editor, and a student in the Creative Publishing and Critical Journalism MA program. They live in Queens with their cats, Linguini and Tortellini.

Economics PhD Student Kyle Moore Talks Policy and Capitol Hill

This story originally appeared on the Insights blog from the Schwartz Center for Economic Policy Analysis at The New School for Social Research

Kyle Moore starts a new job on Capitol Hill next week. He’ll be joining the Democratic staff of the Joint Economic Committee (JEC) as a Senior Policy Analyst.

Our first order of business is to offer Kyle a hearty congratulations on his success! Kyle is a long-time member of the SCEPA and New School community, and we wish him well as he goes forward in his economics career.

Kyle earned his MA in Economics from the New School for Social Research, served as a SCEPA fellow within the Retirement Equity Lab (ReLab), and went on to pursue his PhD in the department, which he is currently writing. Some of Kyle’s ReLab work can be found here and here. The Review of Black Political Economy also recently published his research done with ReLab.

As Kyle begins his journey to impact policy within the hallowed halls of our government, he shares a little of his experience below. His story reflects the same desire to confront some of today’s biggest challenges that attracted many of us to the New School. He talks about how he got to where he is today and gives some advice to those who will follow him.

  1. What will you do in this job?

    My role will be to write reports and issue briefs on the economic policy issues that matter to Democratic Members of Congress, to prepare briefings for and help contact experts to participate in Congressional hearings on those topics, and to help write the JEC response to the annual Economic Report of the President.

  2. Can you describe your research work and focus?

    As a researcher, I’m mainly interested in understanding the causes and consequences of identity group-based social and economic disparities. I want to provide explanations (and hopefully policy solutions for) persistent gaps in health, wealth, income, and employment across race and gender. To do this, I work within the traditions of stratification economics, institutional economics, and the political economy of health. My dissertation work is centered on the health consequences of racial disparities in access to economic resources and exposure to potentially stressful events. I also have a deep interest in the philosophy of social science and in economics’ role in academia and policy circles as a social science

  3. What interested you in working on Capitol Hill?

    My interest in working with the JEC, and with economic policy more broadly, stems from my view that social scientists have a responsibility to put their knowledge and their work into practice. Because the subject matter of the social sciences (particularly economics) is human well-being, those who have the time and resources to study the social sciences are called to two purposes: to make others aware of the causes and extent of social and economic problems, and to do what’s possible to alleviate those problems. Inequality, poverty, and racial disparities in mortality and morbidity are too important to be treated as only academic concerns; they have real consequences for people’s lives. Working with the JEC gives me the opportunity to get research directly into the hands of members of Congress — research that could make a real impact on people’s life chances.

  4. What are your hopes as you go forward in this new position and in your career?

    I’m looking forward to learning a lot about how economic policy is shaped while working with the JEC. My hope is that I’ll be able to direct people towards better understandings of the causes and consequences of economic inequality. I’d especially like to bring the expertise I’ve built studying persistent racial economic disparities to the staff, in hopes that progress can be made towards reducing those disparities. I also hope that the position will give me a more well-rounded understanding of economics and economic policy, beyond my current areas of expertise, that will be valuable for the students I plan to teach once I make my way back into academia.

  5. How did your time at SCEPA and in the NSSR Econ Department influence your decision to work in policy?

    Taking courses within the Economics department at NSSR and working at SCEPA and the Retirement Equity Lab set me up to take on this role in policy. Both sets of experiences were essential in shaping my understanding of the relationship between academic research and economic policy.
  6. NSSR’s Economics department is steeped in a tradition of political economy that’s constantly asking of its students “What is the end (purpose) of economic study?” Without that framing, it’s possible to treat economic study as just a set of interesting data puzzles. The critical perspective that’s baked into the coursework at NSSR steers students towards discussions of social and economic inequality, and what we can do about that inequality. Working at SCEPA and ReLab allowed me to put that critical frame developed through courses in the Econ department to practice, translating academic research into policy briefs and white papers using accessible (non-academic) language. I was able to produce a body of work on the intersection between race, aging, and retirement policy while there, developing some expertise on those subjects. I also gained valuable technical skills working with statistical software, government databases, and longitudinal surveys that I’ve used for my own research and will continue to use in my work with the JEC.

  7. As a role model for other NS Economics students, what advice would you give a current NS Econ student if they wanted to follow in your footsteps?

    It’s important to seek out opportunities to produce work with your name on it that will be publicly distributed. Whether it’s a blog post, an op-ed, a chapter review, a policy brief, or an academic research paper. Your body of work is something that accumulates over time, follows you throughout your career, and will often open a lot of doors for you. Any time is a good time to start writing.

    Start going to seminars, academic conferences, and events. Ask questions there, meet people, talk about your research, and if you don’t have a clearly defined topic, talk about what you’re interested in. The key is to make connections with people; the more people that know who you are and what you’re interested in, the more of a chance there is that when they hear about an opportunity that might be good for you, they send it your way. Doing good work is a necessary but insufficient condition for getting to a position where that work can make a difference.

    Put together a group of colleagues and mentors you can rely on to speak openly with about work, research, and the troubles that come along with academic life. It’s not easy for anyone, and no one gets through coursework or research entirely on their own. Research and scholarship are both social processes, so it makes sense that the best research and scholarship is done in groups. Most importantly though, having people to talk to and confide in is essential for maintaining mental health throughout grad school.

  8. Given the polarization of politics today, what role do you think current New School Economics student can play in creating real and positive change?

    NSSR Economics students are perhaps uniquely positioned among the universe of Econ students in that they aren’t discouraged from taking Economics’ role as a social science with real social and political implications seriously. NSSR Econ has a “vision” that is, at its core, unabashedly progressive. That vision is something that economics as an academic discipline desperately needs, but it’s equally needed at think tanks and in the places where economic policy is shaped.  

Professor Willi Semmler Unpacks the Economics of Climate Change

This is the first in a series of Research Matters articles profiling the interdisciplinary climate change work of students, faculty, and alumni at The New School for Social Research. Check back for more!

Despite his contributions to scholarship in the economics of climate change, Willi Semmler—the Arnhold Professor of International Cooperation and Development in the Economics Department at The New School for Social Research—considers himself a relative latecomer to the field.

“I stepped in just a few years ago,” he explained, reflecting on decades-long efforts to understand the implications of a warming world for global growth.

Semmler suggested that serious discussions about these issues began with the first meetings of The Club of Rome, an international group of scholars and practitioners from across fields and areas of expertise that first met in 1968. “They recognized that growth has limits,” he said, “It affects the environment. And it uses up resources that won’t be available for future generations.” If given the opportunity, Semmler can trace the highlights and lowlights of climate change policy throughout the half-century that followed the 1968 meeting—from Rome to Rio, Kyoto to Cancun, and Doha to the 2015 United Nations Climate Change Conference in Paris.

Semmler now serves as the Director of the Climate Change Project at The Schwartz Center for Economic Policy Analysis, and was recently named Senior Researcher on climate change issues at the International Institute for Applied Systems Analysis (IIASA) in Laxenburg, Austria. With Lucas Bernard—PhD alumnus of The New School and Professor at NYC College of Technology—Semmler edited The Oxford Handbook of The Macroeconomics of Global Warming. In their introduction, they write, “The developed world can protect itself against climate change through infrastructure improvement and will use more energy to adapt to climate change effects. But it is in developing countries where some of the most dangerous consequences of climate change will be concentrated.”

In this sense, questions about the economics of climate change can rehash fundamental debates about the winners and losers of globalization, and the haves and have-nots within an interdependent global economy. “The losers of globalization were not compensated, and this has produced inequality,” Semmler said. As a result, the current political moment—in which climate change is already a hot-button issue—is made more complicated by debates about globalization itself. He explained, “We are seeing imbalances within individual countries and across borders [and] people are more skeptical about what type of globalization we really want.”

Semmler argued that this is especially the case in countries like the United States, where large swaths of the manufacturing labor force has been affected by globalization over the last three decades. He pointed out that the negative fallout for workers is particularly pronounced, “if you don’t have a proper social system where the victims or the losers of globalization and the free markets don’t have much in the way of unemployment benefits, welfare benefits, or opportunities to do re-schooling or reskilling.”

In this context of considerations about both climate change and the consequences of globalization, Semmler is examining whether financial markets can be used to help shift investment toward green technologies, nudging policy toward regulations that will promote sustainability and growth.

Semmler again returns to fundamental debates about the role of financial markets and regulation of industry to illuminate the stakes of his analysis. Breaking down the argument in his recent book Sustainable Asset Accumulation and Dynamic Portfolio Decisions, Semmler said, “There are basically two views on financial markets: the first is that you can’t constrain operations of the market and you can’t too much constrain investment choice.” In this approach, if social problems or unexpected needs emerge, then the markets should be free to allocate resources to address them. “You make your money freely and then you give it to social needs.”

But Semmler’s research suggests that, “There can be guidelines for more responsible investment: investment that takes into account environmental responsibilities, or that creates social impact.” Against the notion that such guidelines limit growth potential, Semmler has suggested that such strategies—which consider the responsibility to address social dilemmas like climate change—can produce better results for investors. “It doesn’t necessarily mean that you will lose money,” Semmler said, “Because you may be better off in the long run.”

If there is something that concerns Semmler most, it is the possibility that political uncertainty might be a drag on growth. “The global uncertainty comes from the global world order,” he said, “It’s now the global world disorder. Economies, corporations, people, and firms are affected by these macroeconomic phenomena.”

Potential solutions to these enormously complex challenges, in Semmler’s estimation, will continue to require nuanced and collaborative solutions that can better understand the often-hidden forces that are driving economic change. To celebrate Semmler’s contributions to the field of economics, several of his students and colleagues assembled a festschrift—13 essays on his work and career—in 2016. Of his work, New School for Social Research economics PhD alumnus Aleksandr Gevorkyan writes that, “Semmler’s macroeconomic analysis penetrates the most deeply hidden and convoluted aspects of the complex modern global economy.” Judging by the essays included in the collection, titled Dynamic Modeling, Empirical Macroeconomics, and Finance, climate change is less of a hidden aspect now than when Semmler began working on the issue.

And judging by the pace of news and persistence of uncertainty in the field, it seems that the economics of climate change will only continue to demand new research and insight.