# Daniel Alpert

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{{Use mdy dates|date=January 2021}}
{{short description|American investment banker}}
{{Infobox person
| name               = Daniel Alpert
| image              = Dan Alpert Headshot.jpg
| alma_mater         = [University of Pennsylvania](/source/University_of_Pennsylvania)
| years_active       = 1982-present<ref name=insider>{{cite web|url=https://www.businessinsider.com/author/daniel-alpert|title=Daniel Alpert|work=Business Insider}}</ref>
| employer           = Westwood Capital
| known_for          = U.S. Private Sector Job Quality Index
}}

'''Daniel Alpert''' is an American [investment banker](/source/Investment_banking), adjunct professor at [Cornell Law School](/source/Cornell_Law_School), commentator, and author.<ref>{{Cite web|url=https://www.latimes.com/business/story/2020-03-16/coronavirus-employers-sick-leave|title=Column: Some employers are doing the right thing in the coronavirus crisis. Some aren't|work=Los Angeles Times |first=Michael |last=Hiltzik |date=March 16, 2020}}</ref> He is a co-creator of the United States Private Sector Job Quality Index, an economic metric that measures of higher wage versus lower wage [private sector](/source/private_sector) jobs, and the author of ''The Age of Oversupply: Confronting the Greatest Challenge to the Global Economy''.<ref>{{cite web|url=https://www.cbsnews.com/news/american-jobs-are-getting-worse-according-to-a-new-economic-measure/|title=American jobs are getting worse, new economic index shows|work=CBS News}}</ref> Alpert is a founding partner of Westwood Capital LLC, an investment firm based in New York, and an adviser to the [Coalition for a Prosperous America](/source/Coalition_for_a_Prosperous_America).<ref>{{Cite web|url=https://www.fastcompany.com/90468842/new-analysis-income-growth-declines-for-poor-americans-stalls-under-trump|title=News analysis: Income growth declines for poor Americans under Trump|first=Jessica|last=Goodheart|date=February 27, 2020|website=Fast Company}}</ref><ref>{{Cite news|url=https://www.nytimes.com/2017/11/30/business/dealbook/bitcoin-price-crash.html|title=DealBook Briefing: Blue Apron's Co-Founder Steps Down as C.E.O. (Published 2017)|newspaper=The New York Times |date=November 30, 2017}}</ref> Alpert is a member of the World Economic Roundtable.<ref>{{cite web 
 |title=Institute for New Economic Thinking: Daniel Alpert 
 |url=https://www.ineteconomics.org/research/experts/dalpert 
 |publisher=Institute for New Economic Thinking |access-date=January 4, 2021
 }}</ref>

== Biography ==
Alpert received a [Bachelor of Arts](/source/Bachelor_of_Arts) degree in [public policy](/source/public_policy) from the [University of Pennsylvania](/source/University_of_Pennsylvania), and started working in commercial real estate banking and finance in 1982.<ref name=insider/> He was a banker and partner at [Oppenheimer & Co., Inc.](/source/Oppenheimer_Holdings), before founding a New York-based investment firm, Westwood Capital, in 1995.<ref name="westwood-people">{{cite web |publisher=Westwood Capital |url=http://www.westwoodcapital.com/ourpeople/daniel-alpert/ |title=Our People: Dan Alpert |website=westwoodcapital.com |accessdate=January 4, 2021}}</ref> During that time, Alpert worked on international merchant banking, bankruptcy-related restructuring transactions, [commercial mortgage backed securities](/source/commercial_mortgage_backed_securities) (CMBS) and mortgage [REIT](/source/REIT)s.<ref name=cornell/><ref>{{cite web|url=https://www.wsj.com/articles/SB89648293325275500|title=They're Ba-a-a-ck, Sort Of: Mortgage REITs|work=Wall Street Journal}}</ref>

In 2010, Alpert was a featured commentator on the story of the [2008 financial crisis](/source/2008_financial_crisis) in the documentary film ''[Inside Job](/source/Inside_Job_(2010_film))''. In January 2012, he was announced as a fellow of [The Century Foundation](/source/The_Century_Foundation).<ref>{{Cite news|url=https://www.washingtonpost.com/blogs/think-tanked/post/the-century-foundation-to-announce-new-fellows/2012/01/18/gIQAH7Gv7P_blog.html|title=The Century Foundation to announce new fellows|first=Allen|last=McDuffee|date=January 18, 2012 |newspaper=The Washington Post}}</ref>

In February 2018, Cornell Law School announced that Alpert would be a senior fellow in financial macroeconomics and an adjunct professor of law within the Clarke Program.<ref name=cornell>{{Cite press release|url=https://www.lawschool.cornell.edu/spotlights/daniel-alpert-joins-cornell-law.cfm|title=Daniel Alpert Joins Cornell Law School as Senior Fellow in Financial Macroeconomics|website=www.lawschool.cornell.edu |accessdate=January 4, 2021}}</ref> He was also named to the advisory board of the Cornell Research Academy of Development, Law and Economics (CRADLE).<ref>{{cite web|url=http://128.253.53.20/cradle|title=Cornell Research Academy of Development, Law, and Economics (CRADLE)|work=Cornell University}}{{Dead link|date=August 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

==Authorship==
Following the [2008 financial crisis](/source/2008_financial_crisis), Alpert became a cited author on economic policy and the [credit bubble](/source/United_States_housing_bubble). He started writing for ''[Business Insider](/source/Business_Insider)'' in 2011.<ref name=insider/> That same year, Alpert conceived of, and co-authored along with [Nouriel Roubini](/source/Nouriel_Roubini), [New York University](/source/New_York_University) Professor of Economics, and Robert Hockett, a Professor of Financial Law at [Cornell University](/source/Cornell_University), a widely cited and debated [white paper](/source/white_paper) on behalf of the New America Foundation entitled ''The Way Forward'' that has been credited on most sides of the macroeconomic debate with providing a clear and concise explanation of the issues that led to the [2008 financial crisis](/source/2008_financial_crisis).<ref name=forbesna /><ref>{{cite news | last = Nocera | first = Joe | title = This Time, It Really Is Different | newspaper = The New York Times | date = October 10, 2011| url = https://www.nytimes.com/2011/10/11/opinion/this-time-it-really-is-different.html
}}</ref> In 2013, he released ''The Age of Oversupply: Confronting the Greatest Challenge to the Global Economy'' on the effect of macroeconomic imbalances on advanced economies.<ref name=forbesna>{{cite news | last = Lenzner | first = Robert | title = A $1.2 Trillion Infrastructure Plan Creates 27 Million Jobs In 5 Years | newspaper = Forbes | date = October 23, 2011| url = https://www.forbes.com/sites/robertlenzner/2011/10/23/the-u-s-wont-be-able-to-grow-again-until-2016-18/
}}</ref>

In 2016, he published the white paper ''GLUT: The U.S. Economy and the American Worker in the Age of Oversupply'' on the connection between
global imbalances and United States employment, and co-authored ''The Debt Goes On: A Post-Crisis 'Progress' Report'' at Cornell. Alpert was a co-author of the U.S. Private Sector Job Quality Index in 2019.<ref>{{cite web|url=https://www.pennlive.com/coronavirus/2020/03/coronavirus-has-infected-the-economy-hitting-hourly-workers-and-small-business-owners-the-hardest.html|title=Coronavirus has infected the economy, hitting hourly workers and small business owners the hardest|work=Penn Live|date=March 30, 2020 }}</ref>

==Selected publications==
*{{cite journal
| last1      = Alpert
| first1      = Daniel
| last2      = Roubini
| first2      = Nouriel
| last3      = Hockett
| first3      = Robert C.
| date      = October 10, 2011
| title      = The Way Forward
| url      = http://newamerica.net/publications/policy/the_way_forward
| journal      = 
| volume      = 
| issue      = 
| pages      = 
| doi      = 
| access-date      = 
| archive-date      = July 11, 2012
| archive-url      = https://archive.today/20120711200159/http://newamerica.net/publications/policy/the_way_forward
| url-status      = dead
}}
*{{cite book
 | last = Alpert | first = Daniel
 | title = The Age of Oversupply: Overcoming the Greatest Challenge to the Global Economy
 | publisher = [Penguin Portfolio](/source/Penguin_Group)
 |date=September 2013
 | isbn = 978-1591845966 }}
*{{cite journal
| last       = Alpert
| first      = Daniel
| date       = April 4, 2016
| title      = GLUT: The U.S. Economy and the American Worker in the Age of Oversupply
| url        = https://www.thirdway.org/report/glut-the-u-s-economy-and-the-american-worker-in-the-age-of-oversupply
| journal    = Third Way
| volume     = 
| issue      = 
| pages      = 
| doi        = 
| access-date = 
}}
*{{cite journal
| last1       = Alpert
| first1      = Daniel
| last2      = Hockett
| first2     = Robert C.
| date       = September 13, 2016
| title      = The Debt Goes On: A Post-Crisis 'Progress' Report
| url        = https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2837929
| journal    = Cornell Legal Studies
| volume     = 
| issue      = 
| pages      = 32
| doi        = 
| ssrn = 2837929
| access-date = 
}}
*{{cite journal
| last1       = Alpert
| first1      = Daniel
| last2      = Ferry
| first2     = Jeff
| last3      = Hockett
| first3     = Robert C.
| last4      = Khaleghiyan
| first4     = Amir
| date       = April 8, 2020
| title      = The U.S. Private Sector Job Quality Index
| url        = https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3566575
| journal    = Cornell Legal Studies
| volume     = 
| issue      = 
| pages      = 55
| doi        = 
| ssrn = 3566575
| access-date = 
}}

== References ==
{{reflist|2}}

{{authority control}}
{{DEFAULTSORT:Alpert, Daniel}}
Category:Living people
Category:Year of birth missing (living people)
Category:Businesspeople from New York City

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Adapted from the Wikipedia article [Daniel Alpert](https://en.wikipedia.org/wiki/Daniel_Alpert) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Daniel_Alpert?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.
