Thursday, September 12, 2013

Wynne Godley in the New York Times

The NYTimes had a nice piece on Wynne recently. If you missed it, here is the link. They note that:
"If the economics profession takes on the challenge of reworking the mainstream models that famously failed to predict the crisis, it might well turn to one of the few economists who saw it coming, Wynne Godley of the Levy Economics Institute. Mr. Godley, unfortunately, died at 83 in 2010, perhaps too soon to bask in the credit many feel he deserves."
Note that he did see the 2008 crisis, which basically confirmed several of his predictions.

PS: Pictured above Lance Taylor, Wynne Godley and yours truly, at my defense in 1999.

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