Paul R. Gregory

Research Fellow

Paul Gregory is a research fellow at the Hoover Institution. He holds an endowed professorship in the Department of Economics at the University of Houston, Texas, is a research professor at the German Institute for Economic Research in Berlin, and is emeritus chair of the International Advisory Board of the Kiev School of Economics. Gregory has held visiting teaching appointments at Moscow State University, Viadrina University, and the Free University of Berlin. He blogs on national and international economic topics at and

The holder of a PhD in economics from Harvard University, he is the author or coauthor of twelve books and more than one hundred articles on economic history, the Soviet economy, transition economies, comparative economics, and economic demography. Gregory’s economics papers have been published in American Economic Review, Econometrica, Quarterly Journal of Economics, Review of Economics and Statistics, Journal of Political Economy, Journal of Economic History, and the Journal of Comparative Economics.  His most recent books are Women of the Gulag: Portraits of Five Remarkable Lives (Hoover Institution Press, 2013), Politics, Murder, and Love in Stalin's Kremlin: The Story of Nikolai Bukharin and Anna Larina (Hoover Institution Press, 2010), Lenin’s Brain and Other Tales from the Secret Soviet Archives (Hoover Institution Press, 2008), Terror by Quota (Yale, 2009), and The Political Economy of Stalinism (Cambridge, 2004), which won the Hewett Prize. He edited The Lost Transcripts of the Politburo (Yale, 2008), Behind the Façade of Stalin's Command Economy (Hoover, 2001), and The Economics of Forced Labor: The Soviet Gulag (Hoover, 2003). The work of his Hoover Soviet Archives Research Project team is summarized in "Allocation under Dictatorship: Research in Stalin's Archive" (coauthored with Hoover fellow Mark Harrison), published in the Journal of Economic Literature.

Gregory has also published The Global Economy and Its Economic Systems (Cengage, 2013) and is working with director Marianna Yarovskaya on a film documentary entitled Women of the Gulag.

Gregory also served on the editorial board of the seven-volume Gulag documentary series entitled The History of the Stalin Gulag, published jointly by the Hoover Institution and the Russian Archival Service. He also serves or has served on the editorial boards of Comparative Economic Studies, Slavic Review, Journal of Comparative Economics, Problems of Post-Communism, and Explorations in Economic History.

His research papers are available at the Hoover Institution Archives.

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Recent Commentary

Analysis and Commentary

Putin Hammers Another Nail In The Coffin Of The Russian Economy

by Paul R. Gregoryvia Forbes
Monday, February 22, 2016

As a regular visitor to the USSR and Russia in the late 1980s and 1990s, I remember the utter disaster commercial aviation was back then. Moscow’s three airports seemed deliberately designed to torture ordinary passengers, whereas the elite were escorted to their flights from exclusive lounges.

Analysis and Commentary

Putin Favors Trump Or Sanders For President. Here's Why That Matters To You.

by Paul R. Gregoryvia The Blaze
Friday, February 19, 2016

RT’s (Russia Today, the Kremlin’s media arm to the outside world) press coverage of the U.S. presidential primaries has been uniformly favorable towards Bernie Sanders and Donald Trump, while Hillary Clinton and Marco Rubio have been the butt of negative reporting.

Analysis and Commentary

Trump’s Tariffs Would Make The U.S. A Renegade In The World Community

by Paul R. Gregoryvia What Paul Gregory Is Writing About (Blog)
Sunday, February 14, 2016

In the Saturday night debate, Republican candidate Donald Trump again threatened a 35 percent tariff on goods produced in Mexico by an American company that has relocated to Mexico. No opposing candidate pointed out that such a retaliatory tariff would violate the rules of the World Trade Organization (WTO) of which the United States is a member in good standing. (It would also be in violation of the NAFTA agreement).

Analysis and Commentary

What If Vladimir Putin Has Hillary Clinton's Emails?

by Paul R. Gregoryvia Forbes
Friday, February 12, 2016

Despite a clear warning received almost three years ago, it has taken a heated presidential campaign and an FBI investigation to make us aware of the national security threat of Hillary Clinton’s unsecured state department e-mails. The Kremlin’s cyber warfare army has had ample opportunity to steal Clinton’s entire e-mail cache (including 31,830 “private” e-mails).

Analysis and Commentary

Are Wall Streeters Worth The Money? Just Ask Counterparts Elsewhere

by Paul R. Gregoryvia Investor's Business Daily
Friday, February 12, 2016

Pity Wall Street. The Democratic Party’s presidential candidates have painted a bull’s-eye on its back. Bernie Sanders wants to nationalize it. Hillary Clinton joins in the feeding frenzy, lest she and her husband’s ties to Goldman Sachs and other institutions become a bigger issue.

Analysis and Commentary

Low Energy Prices And Recession? Analysts Ignore The Supply-Side Elephant In The Corner

by Paul R. Gregoryvia What Paul Gregory Is Thinking About (Blog)
Monday, February 8, 2016

Gloom and doom is wreaking havoc in financial and commodity markets as oil prices probe new lows. Headlines proclaim that domestic energy producers face bankruptcy, layoffs, and can’t pay back toxic loans. Meanwhile, energy-producing countries must contend with deteriorating public finances and recession.

Analysis and Commentary

The New York Times Exposes Death Panels

by Paul R. Gregoryvia What Paul Gregory Is Thinking About (Blog)
Wednesday, February 3, 2016

Sarah Palin was widely ridiculed for her use of “death panels” to describe the inevitable rationing of medical care under Obama Care.

Analysis and Commentary

Trump Foolishly Doubles Down On Putin: “Many Say Putin Didn’t Do It”

by Paul R. Gregoryvia What Paul Gregory Is Thinking About (Blog)
Monday, February 1, 2016

Donald Trump doubled down on Vladimir Putin in an interview with Fox Business News as he reacted to a British court public inquiry into the 2014 poisoning death of Russian defector and British citizen, Alexander Litvinenko. The British inquiry found that two Russian agents (Lugovoi and Kovtun) were guilty of murder beyond a reasonable doubt, that they were, beyond a reasonable doubt, acting on the behalf of others.

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British Court: Putin Is A Likely Accessory To Litvinenko's Murder

by Paul R. Gregoryvia Forbes
Wednesday, January 27, 2016

A British court has concluded, using civil standards of proof, that Vladimir Putin approved the murder of a Russian whistleblower, Alexander Litvinenko, in London. The Litvinenko case comes as close as possible to proving Putin’s guilt.

Analysis and Commentary

Irrational Fear Of Deflation? There Is No Correlation Between Inflation/Deflation And Growth

by Paul R. Gregoryvia What Paul Gregory Is Thinking About (Blog)
Sunday, January 24, 2016

Central bankers and the financial press worry about deflation. They aim for a moderate amount of inflation and then worry when their “inflation targets” are not met. Deflationophobes link deflation and recession. They point to stagnant Japan as an example of the ravages of deflation.