Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes,with subsequent development influenced to a large degree by MichałKalecki,Joan Robinson,Nicholas Kaldor,Sidney Weintraub,Paul Davidson,Piero Sraffa and Jan Kregel. Historian Robert Skidelsky argues that the post-Keynesian school has remained closest to the spirit of Keynes' original work. It is a heterodox approach to economics.
An economist is a professional and practitioner in the social science discipline of economics.
Lawrence Robert Klein was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics in the Department of Economics at the University of Pennsylvania,he was awarded the Nobel Memorial Prize in Economic Sciences in 1980 specifically "for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies." Due to his efforts,such models have become widespread among economists. Harvard University professor Martin Feldstein told the Wall Street Journal that Klein "was the first to create the statistical models that embodied Keynesian economics," tools still used by the Federal Reserve Bank and other central banks.
Alan Stuart Blinder is an American economics professor at Princeton University and is listed among the most influential economists in the world according to IDEAS/RePEc. He is a leading macroeconomist,politically liberal,and a champion of Keynesian economics and policies.
Kenneth Saul Rogoff is an American economist and chess Grandmaster.
In economics,the debt-to-GDP ratio is the ratio between a country's government debt and its gross domestic product (GDP). A low debt-to-GDP ratio indicates that an economy produces goods and services sufficient to pay back debts without incurring further debt. Geopolitical and economic considerations –including interest rates,war,recessions,and other variables –influence the borrowing practices of a nation and the choice to incur further debt.
James R. Crotty was an American Post-Keynesian macroeconomist whose research in theory and policy attempts to integrate the complementary analytical strengths of the Marxian and Keynesian traditions. He has made contributions to the social structure of accumulation (SSA) theory;the implications of radical uncertainty for macro theory and theories of financial markets.
Stephen Alvin Resnick was an American Marxist economist. He was well known for his work on Marxian economics,economic methodology,and class analysis. His work,along with that of Wolff,is especially associated with a post-Althusserian perspective on political economy.
Samuel Stebbins Bowles,is an American economist and Professor Emeritus at the University of Massachusetts Amherst,where he continues to teach courses on microeconomics and the theory of institutions. His work belongs to the neo-Marxian tradition of economic thought. However,his perspective on economics is eclectic and draws on various schools of thought,including what he and others refer to as post-Walrasian economics.
Richard David Wolff is an American economist known for his work on economic methodology,marxian economics and class analysis. He is a professor emeritus of economics at the University of Massachusetts Amherst and a visiting professor in the graduate program in international affairs of the New School. Wolff has also taught economics at Yale University,City University of New York,University of Utah,University of Paris I (Sorbonne),and The Brecht Forum in New York City.
Thomas Herndon is an assistant professor of economics at Loyola Marymount University who became known for critiquing "Growth in a Time of Debt",a widely cited academic paper by Carmen Reinhart and Kenneth Rogoff supporting the austerity policies implemented by governments in Europe and North America in the early 21st century. His research concluded that these measures may not have been necessary.
Socialism for the rich and capitalism for the poor is a classical political-economic argument asserting that,in advanced capitalist societies,state policies assure that more resources flow to the rich than to the poor,for example in the form of transfer payments.
Carmen M. Reinhart is a Cuban-American economist and the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. Previously,she was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Professor of Economics and Director of the Center for International Economics at the University of Maryland. She is a research associate at the National Bureau of Economic Research,a Research Fellow at the Centre for Economic Policy Research,Founding Contributor of VoxEU,and a member of Council on Foreign Relations. She is also a member of American Economic Association,Latin American and Caribbean Economic Association,and the Association for the Study of the Cuban Economy. She became the subject of general news coverage when mathematical errors were found in a research paper she co-authored.
The Political Economy Research Institute (PERI) is an independent research unit at the University of Massachusetts Amherst. According to its mission statement,it "...promotes human and ecological well-being through our original research". PERI was established in 1998 by co-directors Robert Pollin and Gerald Epstein,both economists at the university. Funding for its foundation came from Pollin and his businessman father,Abe Pollin.
The College of Social and Behavioral Sciences (SBS) at the University of Massachusetts Amherst is home to the School of Public Policy as well as nine academic departments offering 13 undergraduate majors,11 areas of Master's and doctoral study,and a number of graduate certificate programs. The college bridges science and liberal arts,encouraging students to pursue cross-disciplinary studies,take classes outside their chosen major,and participate in research projects with faculty mentors.
Growth in a Time of Debt,also known by its authors' names as Reinhart–Rogoff,is an economics paper by American economists Carmen Reinhart and Kenneth Rogoff published in a non peer-reviewed issue of the American Economic Review in 2010. Politicians,commentators,and activists widely cited the paper in political debates over the effectiveness of austerity in fiscal policy for debt-burdened economies. The paper argues that when "gross external debt reaches 60 percent of GDP",a country's annual growth declined by two percent,and "for levels of external debt in excess of 90 percent" GDP growth was "roughly cut in half." Appearing in the aftermath of the financial crisis of 2007–2008,the evidence for the 90%-debt threshold hypothesis provided support for pro-austerity policies.
Léonce Ndikumana,is a Burundian Professor of Economics and specialist in African economy development,macroeconomics,external debt and capital flight.
Robert A. Blecker is an American economist who is currently a Professor in the Department of Economics at American University in Washington,DC. He is also Affiliate Faculty of the American University School of International Service and Center for Latin American and Latino Studies,and a research associate at the Economic Policy Institute and Political Economy Research Institute. His research has made contributions to the fields of post-Keynesian and neo-Kaleckian macroeconomics,open economy macroeconomics,international trade theory and policy,global imbalances and the U.S. trade deficit,the North American Free Trade Agreement,the economy of Mexico,export-led growth,and the theory of balance-of-payments constrained growth.
Patrick Leon Mason is an American economist who is a professor of economics at the University of Massachusetts - Amherst.
James St. Clair Heintz is an American economist. He is the Andrew Glyn Professor of Economics at the University of Massachusetts,Amherst. He is an expert on economic policy,job creation,labor standards,international trade,clean energy and human rights. He has also served as an expert to the International Labour Organization,the United Nations Development Program (UNDP),the United Nations Research Institute for Social Development well as the Economic Commission for Africa. His research has particularly focused on the relationship between economic policy and economic and social rights.
