Contributions in Stock-flow Modeling: Essays in Honor of by Dimitri B. Papadimitriou

By Dimitri B. Papadimitriou

A set of papers from top thinkers to have a good time the paintings of the overdue Wynne Godley, and his huge, immense contribution to the sphere of economic economics. Chapters comprise in-depth discussions of the progressive fiscal modelling platforms that Godley brought, in addition to his prescient issues in regards to the international monetary crash.

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34 Notes 1. ‘Wynne Godley, British economist, died on May 13th, aged 83,’ The Economist, May 29, 2010. ‘Economist known for accuracy of his pessimism,’ Irish Times, May 29, 2010. William Keegan, ‘Obituary: Wynne Godley: Economist with a flair for anticipating and responding to crises,’ The Guardian, May 21, 2010. ‘Professor Wynne Godley; Controversial Cambridge economist and one of the Treasury’s “six wise men” in the 1990s who foresaw the 2008 global financial crash,’ The Times, May 17, 2010. ‘Professor Wynne Godley; Obituaries: Maverick Treasury economist who launched devastating attacks on the policies of Labour and the Tories alike,’ The Daily Telegraph, May 22, 2010.

In contrast to his time at the Treasury, however, his expertise was no longer trusted and his statements were read against the academic standards of 1970s Cambridge. 18 To have a voice in these new settings he would have to refashion his insights to the current economic situation into a theoretical structure. He had to build a model. 4 Modeling: Obtaining academic credentials Godley and Cripps were eager to strike a settlement with Kahn and Posner and benefitted from Kaldor’s lack of interest in continuing the argument.

The insights gained from that short but delightful conversation were critical for the present writing. I thank Marc Lavoie, David Laidler, Teresa Thomas Rangil, Harro Maas, Avi Cohen, John King, Roger Backhouse, and John Maloney for comments and suggestions to this chapter. B. Papadimitriou et al. ), Contributions in Stock-flow Modeling © Palgrave Macmillan, a division of Macmillan Publishers Limited 2012 Tiago Mata 13 tacit. This record offers the historian a glimpse of economics as a craft. Like the artisans of all ages, and in sociological accounts the natural scientists of today,2 economists are enjoined on a long apprenticeship in the developing of models that are able to speak to economic issues.

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