1. Early life and education

2. Career
     2007–2008 United States housing bubble  

3. Personal life

4. Bibliography
    Selected articles  Books 

5. References

6. Further reading

7. External links

Early life and education

Baker grew up in the Lake View neighborhood of Chicago.^[4]{{rp|205–209}}

In 1981, Baker graduated from Swarthmore College with a bachelor's degree in history with minors in economics and philosophy. In 1983, he received a master's degree in economics from the University of Denver. In 1988, he received a PhD from the University of Michigan in economics.^[2][5]

Career

From 1988 to 1989, Baker was a lecturer at University of Michigan and then, from 1989 to 1992, an assistant professor of economics at Bucknell University. From 1992 to 1998, Baker was an economist at the Economic Policy Institute. During this time, he published a paper with Mark Weisbrot in a journal of evolutionary economics.^[6]

In 1999, Baker co-founded, together with economist Mark Weisbrot, the Center for Economic and Policy Research (CEPR), an independent, nonpartisan think tank, which produces economic research on topics that affect people's lives to contribute to the public debate (social security, healthcare, the national budget), and internationally (global economy, International Monetary Fund, and Latin America policy).^[7]

Also in 1999, Baker was a senior research fellow at the Preamble Center for Public Policy.

Baker has consulted with officials from the World Bank and has provided testimony to the Joint Economic Committee of the U.S. Congress and to the OECD's Trade Union Advisory Council.

From 1996 to 2006, Baker was the author of a weekly online commentary the economic reporting of The New York Times and The Washington Post.^[8] The Economic Reporting Review was published from 1996 to 2006. From 2006, he has continued this commentary on his weblog Beat The Press, which was formerly published at The American Prospect, but is now located at the CEPR website.

2007–2008 United States housing bubble

Baker won the Revere Award,{{failed verification|date=August 2018}} along with Steve Keen and Nouriel Roubini, for predicting the crash of the United States housing bubble and the resulting recession, which occurred from 2007 to 2008.{{unreliable source?|date=August 2018}}^[9] He warned about the coming crisis and the related government policies in multiple articles, op-eds and interviews from 2002 to 2005.^[10] Basing his outlook on house-price data-sets produced by the U.S. government, Baker asserted that there was a bubble in the US housing market in August 2002,^[11] well before its peak,^[12] and predicted that the collapse of this bubble would lead to recession. His prediction for when the recession would start was off by only one quarter.^{[13][14][15][16][17]}

Regarding the housing bubble, Baker was critical of chairman of the Federal Reserve, Alan Greenspan.^[18][19][20]

He has been critical of the regulatory framework of the real estate and financial industries, the use of financial instruments like collateralized debt obligation, and the performance and conflict of interest of U.S. politicians and regulators.^[21]

Baker opposed the U.S. government bailout of Wall Street banks on the basis that the only people who stood to lose from their collapse were their shareholders and high-income CEOs. Regarding any hypothetical, negative effects of not extending the bailout, he explained, "We know how to keep the financial system operating even as banks go into bankruptcy and receivership,"^[22] citing U.S. government action taken during the S&L crisis of the 1980s.^[23] He has ridiculed the U.S. elite for favoring it, asking, "How do you make a DC intellectual look less articulate than Sarah Palin being interviewed by Katie Couric? That's easy. You ask them how failure to pass the bailout will give us a Great Depression."^[24]

Personal life

As a graduate student at the University of Michigan, Baker participated in and was arrested at two sit-ins protesting Representative Carl Pursell's votes for military aid to the Contras. In 1986, Baker defeated Donald Grimes in the Democratic primary and ran unsuccessfully against Carl Pursell to represent Michigan's second Congressional district; his candidacy opposed aid to the Contras.^[25][26][27]

Baker is married to economist Helene Jorgensen. They live in Washington, DC.^[28]

Bibliography

Selected articles

• {{cite journal|last1=Baker|first1=Dean|last2=Weisbrot|first2=Mark|title=The Logic of Contested Exchange|journal=Journal of Economic Issues|date=December 1994|volume=28|issue=4|pages=1091–1114|doi=10.1080/00213624.1994.11505613|jstor=4226888}}{{closed access}}
• {{cite news|last1=Baker|first1=Dean|last2=Hassett|first2=Kevin|title=The Human Disaster of Unemployment|url=https://www.nytimes.com/2012/05/13/opinion/sunday/the-human-disaster-of-unemployment.html|work=The New York Times|date=12 May 2012}}

Books

• {{cite book|last1=Baker|first1=Dean|title=The Logic of Neo-Classical Consumption Theory|date=1988|publisher=University of Michigan|location=Ann Arbor, MI|format=|oclc=68299542}}
• {{cite book|last1=Baker|first1=Dean|last2=Weisbrot|first2=Mark|title=Social Security: The Phony Crisis|date=1999|publisher=Univ. of Chicago Press|location=Chicago, IL|isbn=978-0-226-03544-4|url=http://www.worldcat.org/title/social-security-the-phony-crisis/oclc/41090883/viewport|oclc=41090883}}
• {{cite book|last1=Bernstein|first1=Jared|last2=Baker|first2=Dean|title=The Benefits of Full Employment: When Markets Work for People|date=2003|publisher=Economic Policy Institute|location=Washington, DC|isbn=978-1-932-06604-3|oclc=52467815}}
• {{cite book|last1=Baker|first1=Dean|title=The Conservative Nanny State How the Wealthy Use the Government to Stay Rich and Get Richer|date=2006|publisher=Center for Economic and Policy Research|location=Washington, DC|isbn=978-1-411-69395-1|url=http://www.worldcat.org/title/conservative-nanny-state-how-the-wealthy-use-the-government-to-stay-rich-and-get-richer/oclc/71423207/viewport|format=Free e-book|oclc=71423207}}
• {{cite book|last1=Baker|first1=Dean|title=The United States Since 1980|date=2007|publisher=Cambridge University Press|location=Cambridge, England|isbn=978-0-511-27471-8|oclc=252534980|doi=10.1017/CBO9780511510830}}{{closed access}}
• {{cite book|last1=Baker|first1=Dean|last2=Frank|first2=Thomas (foreword by)|title=Plunder and Blunder the Rise and Fall of the Bubble Economy.|date=2009|publisher=Berrett-Koehler Publishers|location=San Francisco, CA|isbn=978-1-609-94478-0|url=http://www.worldcat.org/title/plunder-and-blunder-the-rise-and-fall-of-the-bubble-economy/oclc/742517362/viewport|oclc=742517362}}
• {{cite book|last1=Baker|first1=Dean|title=False Profits Recovering from the Bubble Economy.|date=2011|publisher=Berrett-Koehler Publishers|location=San Francisco, CA|isbn=978-1-609-94475-9|url=http://www.worldcat.org/title/false-profits-recovering-from-the-bubble-economy/oclc/740435886/viewport|oclc=740435886}}
• {{cite book|last1=Baker|first1=Dean|title=Taking Economics Seriously|date=2010|publisher=MIT Press|location=Cambridge, MA|isbn=978-0-262-01418-2|oclc=939219451}}
• {{cite book|last1=Baker|first1=Dean|title=The End of Loser Liberalism: Making Markets Progressive|date=2011|publisher=Center for Economic and Policy Research|location=Washington, DC|isbn=978-0-615-53363-6|url=http://www.worldcat.org/title/end-of-loser-liberalism-making-markets-progressive/oclc/765978209/viewport|format=Free e-book|oclc=765978209}}
• {{cite book|last1=Baker|first1=Dean|last2=Bernstein|first2=Jared|title=Getting Back to Full Employment: A Better Bargain for Working People|date=2013|publisher=Center for Economic and Policy Research|location=Washington, DC|isbn=978-0-615-91835-8|url=http://cepr.net/documents/Getting-Back-to-Full-Employment_20131118.pdf|format=Free e-book|oclc=866909924}}
• {{cite book|last1=Baker|first1=Dean|title=Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer|date=2016|publisher=Center for Economic and Policy Research|location=Washington, DC|isbn=978-0-692-79336-7|url=http://deanbaker.net/images/stories/documents/Rigged.pdf|oclc=961184821}}

References

Further reading

• Dean Baker presentation on 2008–2009 economic trouble at Bucknell University
• [https://www.npr.org/templates/story/story.php?storyId=99258949&ft=1&f=1006 NPR's Fresh Air (Audio): "The Key to Economic Stimulus?"], January 13, 2009
• [https://www.pbs.org/moyers/journal/08082008/watch3.html Bill Moyers Journal (Video)], August 8, 2008
• [https://www.pbs.org/newshour/bb/business/jan-june09/joblosses_01-26.html News Hour with Jim Lehrer (Video): "Massive Job Cuts Renew Calls for Quick Action on Stimulus"], January 26, 2009
• C-SPAN's Book TV (Video): "Plunder and Blunder: The Rise and Fall of the Bubble Economy", January 27, 2009
• Marketplace Public Radio (Audio): We Demand to See More Transparency, March 9, 2009
• {{cite journal|last1=Scott|first1=Jonathan|title=Dean Baker's war of position|journal=Race & Class|date=25 July 2009|volume=51|issue=1|pages=55–68|doi=10.1177/0306396809106163}}{{closed access}}
• Dean Baker: Banks Could Be Big Winners of President Obama’s Foreclosure Prevention Program – video by Democracy Now!
• {{cite web |last=Roberts |first=Russ |title=Dean Baker on the Crisis |url=http://www.econtalk.org/archives/_featuring/dean_baker/ |work=EconTalk |publisher=Library of Economics and Liberty |authorlink=Russ Roberts |date=January 9, 2012}}
• Video (and audio) of debates & discussions involving Baker on Bloggingheads.tv
• Dean Baker argues that the debate over the economy should not be over whether to regulate, but how in the Boston Review

External links

• {{URL|deanbaker.net|DeanBaker.net}}
• Dean Baker at Center for Economic and Policy Research
• "Beat The Press"
• {{Twitter}}

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