Warren Mosler | |
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Warren Mosler at a 2012 seminar at Columbia University
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Born | September 18, 1949 |
Nationality | United States |
Field | Modern Monetary Theory, Macroeconomics, Monetary policy |
School or tradition |
Post-Keynesian economics |
Alma mater | University of Connecticut (B.A.) |
Awards |
Doctor Honoris Causa, Franklin University Switzerland |
Warren Mosler (born September 18, 1949) is an American economist, broker and sportscar engineer. He has been the founder of Mosler Automotive and a co-founder of the Center for Full Employment And Price Stability at University of Missouri-Kansas City.
An influential proponent of post-Keynesian Modern Monetary Theory, Mosler was awarded a Doctor h.c. by the Franklin University Switzerland, and in 2014 was appointed Visiting Professor at the University of Bergamo, Italy.
In 2010, Democratic Party member Mosler had briefly declared his candidacy for the 2012 presidential election as an independent, but dropped out to run for U.S. Senate.
Mosler attended the University of Connecticut where he majored in Economics.
After graduating from college, he initially went on to work at the Savings Bank of Manchester in Manchester, Connecticut in 1973. Next he went on to work in Hartford before moving to New York City. From there he would go on to work on Wall Street, specifically Bache & Co., Bankers Trust NYC, and William Blair.
In 1982 he founded his hedge fund, Illinois Income Investors (III), where he was made president and was responsible for several strategies utilizing government securities, mortgage backed securities, LIBOR swaps and LIBOR caps, and financial futures markets. Here he made several profitable investments, particularly betting successfully on government securities. By the mid 1990s, most of the firm had been largely turned over to his partners, as he had disagreements on the direction of some of its investments.