He went on to study economics at the New School, working with Robert Heilbroner, Edward J. Nell, David Gordon, and Vivian Walsh.
[1] Pressman has published articles (with his colleague at Monmouth University, Robert Scott) arguing that poverty and inequality are greater than measured by government statistics because these measures exclude interest payments on consumer debt and these interest payments cannot be used to support current living standards.
[1] Pressman has published several papers using the Luxembourg Income Study to examine poverty, the middle class and government redistribution throughout the world.
Moreover, this minimal level is greater than the current redistributive efforts in the United States, and something close to what other developed countries provide to their citizens.
[1] As noted above, Pressman has published work advocating that government tax and spending policy is a main determinant of poverty and the size of the middle class in developed countries.
He has then gone on to argue for more progressive fiscal policies to support poor and middle class households in the United States.
This would essentially give the United States a system of child or family allowances, similar to other developed nations throughout the world.
[1] Finally, Pressman has shown that there is little empirical evidence that government deficits crowd out consumption, business investment, or net exports.
He has shown how this model can be used to deal with the contemporary economic problems such as the productivity slowdown and appropriate tax policy.
Finally, human laziness comes into play – the failure of people to do the simple homework necessary to identify likely fraudulent activity.