PERSONAL DETAILS
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Name: Wynne Alexander Hugh Godley
Date and Place of Birth: 2nd September 1926 in London
Nationality: British
Educated: Rugby, Oxford and Paris Conservatoire de Musique
Degree: B.A. (PPE), 1947
Married in 1955; one daughter, born in 1967
Emeritus Fellow of King’s College, Cambridge
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APPOINTMENTS
2001 - 2005 Senior Visiting Research Fellow, Cambridge Endowment for
Research in Finance
1995 Visiting
Professor, Roskilde University, Denmark
1994 - 2001 Distinguished Scholar, The Levy Economics Institute, New
York
1992 – 1995 Member of the Treasury’s Panel of Independent
Forecasters
("The Six Wise Men")
1987 – 1988 Visiting Professor, University of Aalborg, Denmark
1975 Economic
Consultant to H.M. Treasury
1971 – 1973 Official Adviser to the Select Committee on Public
Expenditure
1980 Professor of
Applied Economics
1970 – 1994 Director of the Department of Applied Economics,
University of
Cambridge
1970 Fellow of King’s
College, Cambridge
1956 – 1970 The Economic Section of the H.M. Treasury (Deputy
Director
from 1967)
1950 – 1953 Professional Oboist
SELECT BIBLIOGRAPHY
Prospects for the United States and the World: A Crisis That Conventional Remedies Cannot Resolve
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(Dec 2008) With Dimitri B. Papadimitriou and Gennaro
Zezza
The
U.S. Economy: Is There a Way Out of the Woods?
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(Nov 2007) With Dimitri B. Papadimitriou, Greg
Hannsgen and Gennaro
Zezza
Fiscal policy in a stock-flow consistent (SFC)
model
[Journal of Post Keynesian Economics Volume 30, Number 1 pp 79-100]
(Fall 2007) With Marc Lavoie
The
U.S. Economy: What’s Next?
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(April 2007) With Dimitri B. Papadimitriou and Gennaro
Zezza
A
simple model of three economies with two currencies: the eurozone and
the
USA
[Cambridge Journal of Economics Vol 31/1, pp 1-23]
(January 2007) With Marc Lavoie
Debt
and Lending: A Cri de Coeur
Policy Note 2006/4 [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(May 2006) With Gennaro Zezza
Prolegomena
to Realistic Monetary Macroeconomics: A Theory of Intelligible
Sequences
Working Paper No.441 [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(February 2006) With M. Lavoie
The
balance of trade, not payments, is true measure of a deficit's
effects
Letter to the Editor [Financial Times]
(Wed, February 15, 2006)
Comprehensive
accounting in simple open economy macroeconomics with endogenous
sterilisation or flexible exchange rates
[Journal of Post Keynesian Economics Vol 28/2, pp 277-312]
(Winter 2005-6) With M. Lavoie
The
United States and her Creditors; Can the Symbiosis Last?
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(Sep 2005) With D. Papadimitriou, C. Dos Santos and G.
Zezza
Some
Unpleasant American Arithmetic
Policy Note 2005/5 [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(Jun 2005)
Imbalances
Looking for a Policy
Policy Note 2005/4 [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(Apr 2005)
Prospects
and Policies for the U.S. Economy: Why Net Exports Must Now Be the
Motor for
U.S. Growth
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(Aug 2004) With A. Izurieta and G. Zezza
Two-Country
Stock-Flow-Consistent Macroeconomics Using a Closed Model Within a
Dollar
Exchange Regime
Finance Working Paper Series, No.10 [Cambridge Endowment for
Research]
(2003) With M. Lavoie
Weaving Cloth
from
Graziani's Thread. Endogenous Money In a Simple (But Complete)
Keynesian
Model [pdf] 33k
In "Money, Credit and the Role of the State: Essays in Honour of
Augusto
Graziani", ed. N. Salvadori [Ashgate]
(2003)
The
US Economy; A Changing Strategic Predicament
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(March 2003)
Accounting
for Acquisitions Via Share Exchange
Letter to the Editor [Financial Times]
(March 19, 2003)
Kaleckian Models of Growth in a Coherent Stock-Flow
Monetary Framework: A Kaldorian View
[Journal of Post Keynesian Economics Vol. 24, No.2, pp.277-312]
(2002) With M. Lavoie
An
Important
Inconsistency at the Heart of the Standard Macroeconomic Model
[Journal of Post Keynesian Economics Vol. 24, No. 3, pp. 423-443]
(2002) With A. M. Shaikh
Strategic
Prospects and Policies for The U.S. Economy
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(April 2002)
CAP
is a Destructive Monstrosity for Britain
Comment and Analysis [Financial Times]
(September 30. 2002)
The
Developing U.S. Recession and Guidelines for Policy
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(October 2001) With A. Izurieta
As
The Implosion Begins . . .? Prospects and Policies for the U.S.
Economy: A
Strategic View
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(July 2001; Revised August 2001) With A. Izurieta
Fiscal
Policy To The Rescue
Policy Note 2001/1 [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(January 2001)
Wynne Godley (autobiographic excerpt)
In "A Biographical Dictionary of Dissenting Economists, Second
Edition", ed,
P. Arestis and M. Sawyer [Cheltenham: Edward Elgar]
(2001)
Kaleckian
Models of Growth in a Stock-Flow Monetary Framework: A Neo-Kaldorian
Model
Working Paper No. 302 [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(June 2000) With M. Lavoie
Open
Economy Macroeconomics Using Models of Closed Systems
Working Paper Series, No. 281 [Annandale-on-Hudson, NY: The Levy
Economics
Institute]
(September 1999)
Seven
Unsustainable Processes: Medium-Term Prospects and Policies for the
United
States and the World
Strategic Analysis [Annandale-on-Hudson, NY: The Levy Economics
Institute]
(January 1999)
Money
and Credit in a Keynesian Model of Income Determination
Working Paper Series, No. 242 [Annandale-on-Hudson, NY: The Levy
Economics
Institute]
(July 1998)
Fiscal
Policy Will Matter
[Challenge Vol. 41, No.1, pp. 38-54]
(January-February 1998) With G. McCarthy
Macroeconomics
Without Equilibrium or Disequilibrium
Working Paper Series, No. 205 [Annandale-on-Hudson, NY: The Levy
Economics
Institute]
(August 1997)
Money,
Finance and National Income Determination: An Integrated
Approach
Working Paper Series, No. 167 [Annandale-on-Hudson, NY: The Levy
Economics
Institute]
(June 1996)
The Godley Papers
A Collection of Newspaper Articles [ed. Steve Platt: NSS and The Observer]
(1988 to 1992)
Maastricht and All That
Vol. 14, No. 19 [London Review of Books]
(October 8 1992)
Britain's Economic Problems and Policies in the
1990s
Economic Study No. 6 [London: Institute for Public Policy Research]
(1990) With K. Coutts, R. Rowthorn and G. Zezza
The British Economy Under Mrs Thatcher
[The Political Quarterly Vol. 60, No. 2, pp. 137- 151]
(April-June 1989) With K. J. Coutts
Real Wages and Employment: A Sceptical View of Some
Recent Empirical Work
[Journal of the Manchester School of Economics and Social Studies
Vol.
57, No. 2, pp. 172-187]
(June 1989) With M. Anyadike-Danes
IS-LM and Real Stock-Flow Monetary Models: A
Prelude to
Applied Macroeconomic Modelling
Revised version of a paper presented at the conference "Fifty Years
after the
IS-LM, in Honour of Sir John Hicks"
(November 1989) With M. Anyadike-Danes and K. J.
Coutts
The British Economy: Recent History and Medium-term
Prospects
A Cambridge Bulletin on the Thatcher Experiment [Faculty of
Economics,
University of Cambridge]
(March 1986) With K. Coutts, R. Rowthorn and T.
Ward
Inflation Accounting of Whole Economic Systems
Studies in Banking and Finance [Supplement to Journal of Banking and
Finance, Amsterdam: North Holland Vol. 9, No. 2]
(June 1985) With K. J. Coutts and G. D. Gudgin
Macroeconomics
[London: Oxford University Press]
(1983) With F. T. Cripps
Industrial Pricing in the United Kingdom
[Cambridge: Cambridge University Press]
(1978) With K. Coutts and W. D. Nordhaus
A
Formal Analysis of the Cambridge Economic Policy Group Model
[Economica New Series, Vol. 43, No. 172, pp.335-48]
(November 1976) With F. T. Cripps
Why Britain needs a fresh set of principles
[London and Cambridge Economic Bulletin; Department of Applied
Economics,
University of Cambridge]
(January 22-23, 1974) With F. T. Cripps
Balance of Payments and Demand Management 1972 -
1976
[London and Cambridge Economic Bulletin; Department of Applied
Economics,
University of Cambridge]
(January 1973) With F. T. Cripps
Pricing
in the Trade Cycle
[Economic Journal Vol. 82, No. 327, pp.853-882]
(1972) With W. D. Nordhaus
Pricing Behaviour in Manufacturing Industry
[The National Institute Economic Review No. 33, pp. 43-47]
(August 1965) With C. Gillion
Long-term Growth and Short-term Policy
[The National Institute Economic Review No. 29, pp. 26-33]
(August 1964) With J.R. Shepherd
Costs, Prices and Demand in the Short Run
In "Macroeconomic Themes", ed, M.J. Surrey [Oxford: Oxford
University
Press]
(1959)
