Monetary Economist & Market Monetarism Expert; Ralph G. Hawtrey Chair at Mercatus Center; Author of "The Money Illusion"

Fairfax, VA, USA
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Scott Sumner Biography

Scott Sumner is an American monetary economist known for his contributions to market monetarism, a school of economic thought that has influenced debates on central banking and monetary policy. Sumner holds the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, is Professor Emeritus at Bentley University, and serves as a Research Fellow at the Independent Institute. He earned a doctorate in economics from the University of Chicago. Sumner's research focuses on monetary policy, the international gold market's role in the Great Depression, and the history of macroeconomic thought.

Sumner's economics blog, "The Money Illusion," played a significant role in popularizing nominal GDP targeting, a policy approach suggesting that the Federal Reserve and other central banks should target nominal GDP—real GDP growth plus inflation—to guide business investment. Following the 2008 financial crisis, Sumner used his blog to challenge the prevailing view that the United States economy was trapped in a liquidity trap. He argued that the financial crisis and subsequent recession were caused by tight monetary policy, and that policy remained restrictive even as the Federal Reserve intervened in financial markets and purchased large quantities of assets. After the Federal Reserve announced a new round of quantitative easing, some media outlets referred to Sumner as the "blogger who saved the economy" for his advocacy of nominal income targeting.

Market monetarism, a school of economics, has developed around Sumner's views. The Daily Telegraph international business editor Ambrose Evans-Pritchard described Sumner as the leading figure in market monetarism. The Chronicle of Higher Education recognized Sumner as one of the most influential economist bloggers, alongside Greg Mankiw and Paul Krugman, and Foreign Policy ranked Sumner jointly with Federal Reserve chair Ben Bernanke among the top global thinkers. Sumner has published research in academic journals such as Journal of Political Economy, Economic Inquiry, and Journal of Money, Credit, and Banking.

Sumner is the author of two books on monetary economics. In "The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression," he examines how the Depression was prolonged by gold market shocks and New Deal wage policies. His second book, "The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy," presents a comprehensive case for market monetarism and argues that the Great Recession was primarily due to a decline in nominal GDP. Sumner's work has appeared in media outlets including New York Times, Wall Street Journal, BBC, CNBC, The Economist, Financial Times, Politico, National Interest, and The American.

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Speaker profile last updated by AAE Talent Team on 07/23/2026.

Scott Sumner Videos

Meet Scott Sumner: "The Blogger Who Saved the Economy ...

Meet Scott Sumner: "The Blogger Who Saved the Economy ...

Scott Sumner's new book, The Midas Paradox, is a story thirty years in the making. Learn more and buy the book from the Independent Institute: ...

Scott Sumner | Economists on the Welfare and Regulatory States ...

Scott Sumner | Economists on the Welfare and Regulatory States ...

The welfare state and the regulatory state are two policy areas that rarely elicit converging positions, but is it possible to find an economist...

Scott Sumner

Scott Sumner

Professor Scott Sumner of Bentley University delivered the Adam Smith Institute's annual Adam Smith Lecture on Tuesday, June 17th 2014.

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  • What topics does Scott Sumner speak about?

    Scott Sumner is a keynote speaker and industry expert whose speaking topics include Business, Disruptive Thinking, Economy, Finance, Government, Leadership, Professors, Thought Leadership, World Affairs
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Scott Sumner is a keynote speaker and industry expert who speaks on a wide range of topics. The estimated speaking fee range to book Scott Sumner for your event is $10,000 - $20,000. Scott Sumner generally travels from Fairfax, VA, USA and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Similar motivational celebrity speakers are Vijay V. Vaitheeswaran, Haiyan Wang, Joseph Stiglitz, Jeremy Rifkin and Ian Goldin. Contact All American Speakers for ratings, reviews, videos and information on scheduling Scott Sumner for an upcoming live or virtual event.

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