Home » Contributions to Stock-Flow Modeling: Essays in Honor of Wynne Godley (Levy Institute Advanced Research in Economic Policy) by Dimitri B. Papadimitriou
Contributions to Stock-Flow Modeling: Essays in Honor of Wynne Godley (Levy Institute Advanced Research in Economic Policy) Dimitri B. Papadimitriou

Contributions to Stock-Flow Modeling: Essays in Honor of Wynne Godley (Levy Institute Advanced Research in Economic Policy)

Dimitri B. Papadimitriou

Published December 12th 2011
ISBN :
Kindle Edition
424 pages
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 About the Book 

In the 1970s, at a time of shock, controversy and uncertainty over the direction of monetary and fiscal policy, Wynne Godley and the Cambridge Department of Applied Economics rose to prominence, challenging the accepted Keynesian wisdom of the time. This collection of essays brings together eminent scholars who have been influenced by Godleys enormous contribution to the field of monetary economics and macroeconomic modeling.Godleys theoretical, applied and policy work is explored in detail, including an analysis of the insightful New Cambridge three balances model, and its use in showing the progression of real capitalist economies over time. Godleys prescient concerns about the global financial crash are also examined, demonstrating how his work revealed structural imbalances and formed the foundations of an economics relevant to the instability of finance.