Thomas

Kenneth Thomas

Professor of Political Science, University of Missouri-St. Louis
Areas of Expertise:
  • Policies in Other Nations
  • State & Local Government
  • Economic Growth & Innovation

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About Kenneth

Thomas’s research deals with the use of subsidies to attract investment by state and local governments. He places the topic in a comparative context, in particular by contrasting typical U.S. policies with European Union state aid rules, and other rules to control such “investment incentives” in Canada and Australia. He has been a community organizer and has worked with local groups in suburban St. Louis fight against tax increment financing subsidy projects. Thomas was in the leadership of Old Town Preservation Committee and worked with numerous other groups to reform Missouri’s tax increment financing statute. He has consulted informally for the Columbia Center on Sustainable Investment on its Annual Meeting, on the topic of investment incentives, and has also consulted on subsidy issues for the Organization for Economic Cooperation and Development.

Briefs

Podcast

Publications

Competing for Capital: Europe and North American in a Global Era (Georgetown University Press, 2000).

Presents the theoretical case that competition for investment has negative consequences for economic inequality, efficiency, and even the environment, and that controlling this competition takes the form of a Prisoners’ Dilemma that has eluded solution in the United States. Shows how the European Union had partially brought the problem under control. Provides a national estimate for subsidies by U.S. state and local governments.

Investment Incentives and the Global Competition for Capital (Palgrave Macmillan, 2011).

Covers investment incentives and their control in developed and developing countries alike, with an updated estimate of the national cost of U.S. state and local government subsidies.

"EU Control of State Aid to Mobile Investment in Comparative Perspective" Journal of European Integration (2012): 567-584.

Shows the evolution of EU state aid control and documents how EU governments give systematically smaller investment incentives than U.S. state and local governments do for similar projects, even projects by the same company.

In the News

Kenneth Thomas quoted on investment incentives in Mark Schlinkmann, "Cities Race to the Amazon HQ2 Finish Line with Various Strategies" St. Louis Post-Dispatch, October 18, 2017.
Guest to discuss Wells Fargo on CBS Money Watch, Kenneth Thomas, September 27, 2016.
Kenneth Thomas quoted on government incentives in Jacob Barker, "Fenton Chrysler Site Redevelopment Could Follow Hazelwood Ford Blueprint" St. Louis Post-Dispatch, July 18, 2016.
Kenneth Thomas quoted on corporate incentive programs in Jamal Thalji, "Jeff Vinik's Toughest Task is Now Attracting Corporations to Tampa" Tampa Bay Tribune, December 18, 2014.
"No: Reform the Nation’s Wasteful Incentive System," Kenneth Thomas, Milwaukee Journal-Sentinel, December 8, 2012.
Guest to discuss economics on Thom Hartmann: The Big Picture, Kenneth Thomas, May 2, 2013.
Guest to discuss the middle class in the U.S. and Canada on CHQR Radio: Kingcade and Kelly Show, Kenneth Thomas, April 23, 2014.
Kenneth Thomas quoted on tax breaks in Mark Niquette, "Business Tax Breaks Draw Review From U.S. States Seeking Revenue" Bloomberg, March 3, 2015.