News & Events

The work of Wynne Godley and Marc Lavoie offers a novel approach, based on a consistent accounting methodology relating stocks and flows, and making use of Post-Keynesian behavioural assumptions that tie the analysis to a monetary economics perspective. The authors’ objective is to provide an analytical framework that could provide an alternative to the standard […]

Friday, February 19, 2010 02:00. Copyright The Financial Times Limited 2010. From Mr Dimitri B. Papadimitriou Sir, Martin Feldstein (February 17) argues in favour of Greece taking a holiday from the eurozone. While his very thoughtful comment makes sense on the face of it, if implemented I believe it will bankrupt Greece absolutely. Under his […]

By James K. Galbraith, Thought and Action, The NEA Higher Education Journal, Fall 2009. This article is partly a response to Paul Krugman’s piece in the Sunday New York Times of September 6, 2009, on the failures of the economists in the face of the crisis. Here, Senior Scholar James K. Galbraith takes up the […]