Isabella Weber, was included in the 2023 TIME100 Next list of emerging leaders from around the world. Weber is known internationally for her research on systemically important prices, strategic price stabilization and what she calls “sellers’ inflation” – the ability of firms with market power to hike prices and boost profits in an emergency. “By challenging conventional thinking, Isabella Weber is helping to redefine global economic policy,” says UMass Amherst Chancellor Javier Reyes. “I congratulate her on this impressive international honor, and I look forward to seeing where her research takes us next.”
“Weber is challenging the conventional wisdom that giant companies don’t price-gouge—and she’s been proved right,” writes Massachusetts U.S. Senator Elizabeth Warren in the “TIME100 Next” article. “She correctly identified how the Fed’s extreme interest-rate hikes are ill-suited to address this profiteering, arguing it should pause its increases before throwing millions out of work. Our nation needs structural changes to promote competition and investment, and Weber’s bold ideas are helping shift the economic paradigm.” Read more...