Simon H. Johnson, a renowned British American economist was born on January 16, 1963. Johnson received his Bachelor’s degree in economics and politics from the University of Oxford and later, he did his Master’s with a degree in economics from the University of Manchester. In 1989, he received his Ph.D. with a thesis titled ‘Inflation, intermediation, and economic activity’ from MIT.
Simon Johnson ranks among the most prominent and illustrious economists of the day, his expertise in finance management and prevention of economic crises have benefited the field of economics immensely. Since the past 2 decades, Johnson has done pioneering work in determining the ingredients to advance economic growth, prevent economic crisis and encourage the emergence of markets in developing countries. Johnson’s work also serves to improve the risk gearing abilities of businesses and countries by avoiding, or limiting the effects of negative shocks on the economy.
He was given various academic and policy-drafting positions, including Professor of Economics at Duke University’s Fuqua School of Business. From March 2007 till August 2008, he served as Chief Economist of the International Monetary Fund. Simon Johnson was also made the International Monetary Fund’s Economic Counsellor and Director of the Research Department from 2007 and in 2008, he held the position of a senior fellow. At the IMF, Johnson was responsible for leading the global economic outlook team and assisting in the formulation of innovative solutions to address the issue of financial crises worldwide. Johnson is among the pioneers who proposed alternative ways to engage sovereign wealth funds. He is also the first IMF chief economist to have a blog of his own.
Johnson has made more than 300 literary contributions to illustrious magazines including the New York Times, Bloomberg, The Washington Post, The Wall Street Journal, The Atlantic, The New Republic, BusinessWeek, The Huffington Post, The Financial Times, and Project Syndicate among others. In 2009, his article “The Quiet Coup” published in the Atlantic, received worldwide acclaim. Moreover, he has authored several books which have become immediate bestsellers and have attained the status of the most highly regarded books on financial crisis. His books, written with fellow writer James Kwak, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, White House Burning: The Founding Fathers, Our National Debt, and Why It Matters for You received worldwide approval.
In 2013, Johnson was presented with the title of a ‘Main Street Hero’ by the Independent Community Bankers of America (ICBA) “for his articulate and outspoken support for public policies to end too-big-to-fail.” More recently, in April 2015, Johnson was placed at #11 on the list of New Voices for 2015 by the Washington Examiner.
Currently, Johnson serves as the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics. He is a cofounder of the BaselineScenario.com, and a member of the FDIC’s Systemic Resolution Advisory Committee. In 2012, he became a member of the private sector systemic risk council founded by Sheila Bair. In July 2014, he joined the Financial Research Advisory Committee of the US Treasury’s Office of Financial Research (OFR). Also, he served as member of the Congressional Budget Office’s Panel of Economic Advisers from April 2009-April 2015.