Michele Boldrin

Michele Boldrin (Italian: [miˈkɛːle bolˈdrin]; 20 August 1956) is an Italian-born politician and economist, expert in economic growth, business cycles, technological progress and intellectual property. He is currently the Joseph Gibson Hoyt Distinguished Professor in Arts & Sciences at Washington University in St. Louis. Along with his colleague and coauthor David Levine, he was part of the group of 200 economists publicly opposing the American Recovery and Reinvestment Act of 2009.[1] He later publicly defended his position on the issue in various international media, including a public debate with Brad DeLong.[2]

Michele Boldrin
Michele Boldrin.jpg
Michele Boldrin in Trento, Italy for the Festival of Economics 2010
Born (1956-08-20) 20 August 1956 (age 64)
NationalityItaly and USA
InstitutionWashington University in St. Louis
FieldMacroeconomics, General equilibrium, Public Policy
Alma materCa' Foscari University of Venice, University of Rochester
Lionel W. McKenzie
ContributionsPolicy functions, dynamic programming, endogenous fluctuations and chaos in dynamic models, growth theory
Information at IDEAS / RePEc


Boldrin was born and raised in Padua, Italy, and later moved to Venice.[3] He did his undergraduate studies at the University of Venice. He then received his M.S. (1985) and Ph.D. (1987) in economics from the University of Rochester in New York, under the supervision of Lionel McKenzie.[4] Before moving to St. Louis in the Fall of 2006, he worked at University of Chicago (1986–87), UCLA (1987–94), Kellogg School of Management (1990–94), Charles III University of Madrid (1994–99), and University of Minnesota (1999–2006). He is a research fellow at the Federal Reserve Bank of St. Louis since 2006.

He is a Fellow of the Econometric Society, a past Associate Editor of Econometrica and (past) Editor and (current) Associate Editor of the Review of Economic Dynamics, among other academic journals. He (co-)wrote four books and was a visiting professor in Barcelona, Rio de Janeiro, Mexico City, Tokyo, and a number of other places. He is affiliated with CEPR and director of FEDEA. He is one of the founding editors of the (Italian) blog noiseFromAmerika and he contributes regularly to Against Monopoly and Nada es Gratis, which are respectively in English and Spanish. His two most recent books are Against Intellectual Monopoly,[5] coauthored with David K. Levine (CUP, 2008) and Tremonti, istruzioni per il disuso,[6] coauthored with Alberto Bisin, Sandro Brusco, Andrea Moro and Giulio Zanella (Ancora, 2010), in Italian.

Before 2013 Italian general election he co-founded with economist Luigi Zingales and journalist Oscar Giannino the centrist political movement Act to Stop the Decline. After the failure of the 2014 European Parliament election, he resigned. Later on he focused on his own YouTube channel and founded in late 2018 a libertarian think-tank called "Liberioltre" ("Free over the illusions").[7] Boldrin is a member of the Board of Trustees and the Scientific Council of Foundation IMDEA Social Sciences.

Political and scientific viewsEdit

He has been an outspoken critic of Modern Monetary Theory, debating with american economist Warren Mosler[8] and italian journalist Paolo Barnard.[9] In his youth he has been an Avanguardia Operaia supporter, while taking office as provincial secretary of the Italian Communist Youth Federation.[10] Later on he was a GOP and Lega Nord supporter,[11] but later on switched to more liberal positions, endorsing italian anti-religious activist Marco Cappato.[12] However, he is very critical of More Europe, the party Marco Cappato belongs to, especially criticizing their economic plan[13] and the alliances within the party[14] and defined the members of the party as "sell-outs".[15] He compared Trump-led GOP to the italian right-wing party Lega Nord (after the rise of Matteo Salvini), as well as to Berlusconism.[16] He criticized Nassim Taleb,[17] as well as Econophysics in general, debating with italian physicist Francesco Sylos Labini.[18]


Michele Boldrin conducts ongoing research in dynamic general equilibrium theory, focusing specifically on the sources of business fluctuations, growth and development, technological innovation, and intellectual property. Collaborating with David K. Levine, Boldrin examines the role played by competitive versus monopolistic markets in growth and innovation. They posit that little evidence exists for the presence of increasing returns at the aggregate level, and thus argue that there is no reason to believe that increasing returns play an important role in actual economic growth. This implies that, in theory as in practice, competitive markets favor and promote continued growth and innovation, whereas monopoly power is not necessary and probably harmful to technological change and economic development. Their theory concludes that existing claims for the necessity of intellectual property in the process of growth and innovation are greatly exaggerated.



  1. ^ Economists object to Obama stimulus plan, Washington University Press Release.
  2. ^ SMACK! Economics scholars debate pros, cons of stimulus package Archived 2011-07-18 at the Wayback Machine, UC Davis News release.
  3. ^ Michele Boldrin, Joseph Gibson Hoyt Distinguished Professor in Arts & Sciences and Chair[permanent dead link]
  4. ^ "Boldrin's Autobiography". Archived from the original on 2019-01-01. Retrieved 2009-10-04.
  5. ^ ASIN 0521127262
  6. ^ "Archived copy". Archived from the original on 2010-02-10. Retrieved 2010-02-11.CS1 maint: archived copy as title (link)
  7. ^ https://www.youtube.com/channel/UCrdEJmK5bgFte04-UF7o29Q
  8. ^ "Boldrin & Mosler - Debate on MMT - YouTube". www.youtube.com. Retrieved 2021-01-04.
  9. ^ "Quei 'pazzi' dell'Mmt". l'Espresso (in Italian). 2012-11-26. Retrieved 2021-01-04.
  10. ^ ""Questa classe dirigente va spazzata via" - la Nuova di Venezia". Archivio - la Nuova di Venezia (in Italian). Retrieved 2020-08-31.
  11. ^ "Boldrin: "l'Italia non crescerà mai più, Europa e Fmi, bocciature annunciate"". Linkiesta.it (in Italian). 2017-01-17. Retrieved 2021-01-04.
  12. ^ Boldrin, Michele [@micheleboldrin] (2019-01-17). "Chi voglia dare una mano a Marco Cappato si iscriva a +Europa, via sito internet, entro domani sera. Questo richiedono i termini congressuali. Grazie" (Tweet) (in Italian). Retrieved 2021-01-19 – via Twitter.
  13. ^ "Michele Boldrin". www.facebook.com. Retrieved 2021-01-04.
  14. ^ https://www.youtube.com/watch?time_continue=31&v=K8Ur2JI5vSI&feature=emb_logo
  15. ^ Boldrin, Michele [@micheleboldrin] (2019-05-21). "@SignorErnesto @DentiRotti @ricpuglisi @itinagli @pdnetwork @CarloCalenda @BeatriceCovassi @gualtierieurope @mrctrdsh @Piu_Europa @francorobertieu @bartolopietro1 @brandobenifei @partitopirata @carlopiana Ed io ti tolgo il saluto. Non hai capito un cazzo allora. Se devi proprio sbagliare, vota PD. Almeno non son venduti" (Tweet) (in Italian). Retrieved 2021-01-19 – via Twitter.
  16. ^ https://www.youtube.com/watch?v=A3VTNYSbB2k
  17. ^ Taleb, Nassim [@nntaleb] (2018-12-24). "@micheleboldrin Michele Boldrin è un ciarlatano ("No #skiningthegame BS vendor"). I suoi articoli sono praticamente un gioco del sistema. t.co/Yb4u2EUvme" (Tweet) (in Italian). Archived from the original on 2020-11-11. Retrieved 2021-01-19 – via Twitter.
  18. ^ Labini, Francesco Sylos (2016-05-22). "L'economia neoclassica: una pseudoscienza. Una discussione tra Sylos Labini e Boldrin". ROARS (in Italian). Retrieved 2021-01-04.
  19. ^ "Archived copy". Archived from the original on 2011-07-14. Retrieved 2013-10-03.CS1 maint: archived copy as title (link)

External linksEdit