Professor Temin received his B.A. from Swarthmore College in 1959 and his Ph.D. in Economics from MIT in 1964. He was a Junior Fellow of the Society of Fellows at Harvard University, 1962-65, the Pitt Professor of American History and Institutions at Cambridge University, 1985-86, Head of the Economics Department at MIT, 1990-93, and President of the Economic History Association, 1995-96.
Professor Temin's most recent books are The Roman Market Economy (Princeton University Press, 2013), Prometheus Shackled: Goldsmith Banks and England’s Financial Revolution after 1700 (Oxford University Press, 2013, with Hans-Joachim Voth), and The Leaderless Economy: Why the World Economic System Fell Apart and How to Fix It(Princeton University Press, 2013, with David Vines).
Profesor Temin presented his paper "The American Dual Economy: Race, Globalization, and the Politics of Exclusion".
How Economics and Race Drive America’s Great Divide An Interview with Peter Temin By Lynn Parramore
Can education stop the country’s backward slide?
In the America of haves and have-nots, fewer folks are “movin’ on up” like George Jefferson of the classic sitcom. In a new paper for the Institute for New Economic Thinking, Peter Temin, MIT economist and economic historian, breaks down how it happened and where we’re headed with a powerful model first used by West Indian economist W. Arthur Lewis, the only person of African descent to win a Nobel Prize in economics. Dual economies are common in less developed countries, but Temin argues that America has now diverged into a top thirty percent, where children receive excellent educations and grow up to work in sectors like finance, technology and electronics industries (FTE)— and then there’s the rest, the low-wage folks who live paycheck to paycheck and whose kids have little hope of joining the lucky ones at the top. Temin explains what drives the dual economy, what race has to do with it, how children are hurt, and why our political system can’t seem to fix anything.
Dr. Temin's presentation: The American Dual Economy: Race, Globalization and the Politics of Exclusion