Areas of Expertise (6)
Corporate Litigation Damages
Intellectual Property
International Finance
Tariffs
Valuation
International Economic Policy
Biography
Stephen Magee has advised four presidential administrations (Johnson, Nixon, Ford, and Bush, Sr.) and has published three books and nearly 80 academic articles. His research has been cited by Federal Reserve Chairman Alan Greenspan and NYT columnist Paul Krugman, and Magee's work has been endorsed by two Nobel laureates in economics.
Not one to shy away from controversy, Magee has presented the virtues of capitalism and the effect of intellectual property on economic development to Fidel Castro and has debated the economic costs and benefits of lawyers with Joe Jamail.
Magee's research interests include international economics and finance, intellectual property (including patents, antitrust laws, and regulation), and the positive and negative effects of lawyers on the U.S. economy.
Media
Documents:
Audio/Podcasts:
Education (3)
Massachusetts Institute of Technology: Ph.D., Economics
Texas Tech University: M.A., Economics
Texas Tech University: B.A., Economics
Media Appearances (2)
Before Finals Frenzy, Thanksgiving with Your Professor
UTNews online
2013-12-03
His culinary skills "are limited to eggs over easy and granola bars out of a package," but that doesn't stop finance professor Stephen Magee from hosting first-year MBA students in his home for Thanksgiving lunch every year.
Economist: Trump's Border Tax ‘Dangerous' to Texas
Your Basin online
2017-02-10
A finance and economics professor at the University of Texas-Austin, Magee warned a large-scale tariff would hurt Texas businesses and American consumers.
Articles (7)
The U.S. Won the Global Currency War Against Europe and Japan: Their Retaliation Likely Helped Elect Trump
International Journal of Business and Economic Development
2017-11-01
The United States financial community, lax regulations and the Fed started a global currency war in 2002. The inadvertent cheapening of the US dollar was a by-product of what became the US subprime lending crisis and the financial collapse in 2008. ...The US became the importer of last resort for cheap foreign goods from 2014 until the election in November of 2016. Only time will tell whether the US currency war that we won from 2002-2014 and the retaliation war we lost from 2014-2016 helped Trump get elected.
Simple Measures of Endogenous Free-Riding in Protectionist Lobbies
Economic Modelling
2017-01-01
We develop broader theoretical micro-foundations for measuring free-riding and investigate the determinants of tariff rates from the perspective of corporate lobbying and free-riding. Our estimation result shows that the degree of free-riding not only varies across industries but is particularly high in larger industries indicating the underutilization of lobbying.
The United States Is a Small Country in World Trade
Review of International Economics
2008-11-11
Despite being the largest country in world trade and thus presumably having high optimal tariffs, the United States has long had low and declining levels of protection. This paradox suggests that the United States is failing to exploit its monopsony power by levying optimal tariffs.
Income and Price Elasticities in World Trade
The Review of Economics and Statistics
1989-01-01
In the econometric analysis of international trade the emphasis has traditionally been on price elasticities. The practical and theoretical importance of price elasticities is beyond question, and we shall have something to contribute to their estimation, but it has also ...
The Economics of Special Interest Politics: The Case of the Tariff
The American Economic Review
1978-05-01
This paper investigates the interaction of politicians and special interest lobbies. The goal is to model the equilibrium levels of redistributive policies such as taxes, subsidies, tariffs, and regulatory decisions.
Currency Contracts, Pass-Through, and Devaluation
Brookings Papers on Economic Activity
1973-01-01
The events of the past two years have marked a departure from the relative stability in international markets since World War II. The difficulties began with the deterioration in the United States merchandise trade balance in 1971.
Factor Market Distortions, Production, and Trade: A Survey
Oxford Economic Papers
1973-03-01
The traditional interest of economists in monopoly power and other distortions in product markets is shifting toward the problem of distortions and differentials in factor markets.
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