Wednesday, September 11, 2013

Wynne Godley On Front Business Page Of New York Times

The New York Times, even outside of their editorial pages, seems to think their readership should know about the non-mainstream economists I generally like:

I predict that this profile of Godley will get a more positive response from Post Keynesians and advocates of endogenous money than their profile of Warren Mosler did. One caveat: I think Godley was more about using his stock-flow consistent modeling to identify unsustainable trends, than to quantitatively predict the course of, say, Gross Domestic Product (GDP) over the next n quarters. (He also accepted the conclusions of the Cambridge Capital Controversy.)

Update: I should have noticed that the Jonathan Schlefer is the author of the article on Godley. L. Randall Wray comments.

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