Prasad studies issues of economic justice and government regulation, and is particularly interested in taxation and tax reform. She also conducts research for a group working on literacy in India, Asha for Education.
In the News
"How to Think About Taxing and Spending Like a Swede," Monica Prasad, The New York Times, March 7, 2019.
"Actually, It was Democrats who Killed the 70 Percent Tax," Monica Prasad, Politico, February 5, 2019.
"Carbon Tax: a Way Forward or Economic Ruin?," Monica Prasad, Australian Radio National, August 18, 2010.
"On Carbon, Tax and Don’t Spend," Monica Prasad, New York Times, March 25, 2008.
"The Popular Origins of Neoliberalism: The Reagan Tax Cut of 1981" Journal of Policy History (forthcoming).
Shows that the Reagan tax cut was driven by popular opinion, not business interests.
"Avoiding the Aid Curse: Foreign Aid, Taxation, and Development in Japan" in The Political Economy of Transnational Tax Reform: The Shoup Mission to Japan, edited by W. Elliot Brownlee, Eisaku Ide, and Yasunori Fukagai (Cambridge University Press, forthcoming).
Finds that while foreign aid has been shown to harm development in many countries, Japan received a great deal of foreign aid but was able to avoid the “aid curse.”
"State-Level Renewable Electricity Policies and Reductions in Carbon Emissions" (with ). Energy Policy 45 (2012): 237-242.
Reveals that although environmental policy at the national level is hesitant, a range of policies are in place at the state level, and some of them, particularly carbon taxes, are decreasing carbon emissions.
"There Must be a Reason" (with ). Sociological Inquiry 79, no. 2 (2009): 142–162.
Finds that interviewees believed in the link between Saddam Hussein and 9/11 because it made sense of the Bush administration’s decision to go to war against Iraq.
"Taxation as a Regulatory Tool: Lessons from Environmental Taxes in Europe" in Governments and Markets: Toward a New Theory of Regulation, edited by Edward Balleisen and David Moss (Cambridge University Press, 2009), 363-390.
Demonstrates that carbon taxes can work if two principles are followed: (1) the revenue generated from them should be targeted to meeting environmental aims, avoiding the creation of a “cash cow”; and (2) polluters have to have an alternative source of fuel that they can turn to to avoid paying the tax.
"Consumers of the World Unite: A Market-Based Response to Sweatshops" (with ). Labor Studies Journal 29, no. 3 (2004): 57-80.
Argues that there is a niche market for products labeled as being made under good working conditions.