Marc Lavoie

Last updated
Marc Lavoie
A picture of Marc Lavoie.jpg
Born1954 (age 6667)
Nationality Canadian
InstitutionProfessor at the University of Ottawa
Field Economics
School or
tradition
Post-Keynesian economics
Alma mater Carleton University
Influences John Maynard Keynes, Michał Kalecki, Nicholas Kaldor, Joan Robinson, Richard Kahn, Wynne Godley
Contributions Economic growth, Structural change, Monetary economics, National accounting, Economics of Ice Hockey
Information at IDEAS / RePEc
Notes

Marc Lavoie (born 1954) [1] is a Canadian professor in economics at the University of Ottawa and a former Olympic fencing athlete.

Contents

Academic career

Born in Ottawa, Ontario, Canada, Marc Lavoie is a professor in the Department of Economics at the University of Ottawa, where he started teaching in 1979. He got his doctorate from the University of Paris-1. Besides having published nearly two hundred articles in refereed journals, he has written a number of books, among which are Post-Keynesian Economics: New Foundations (2014), Introduction to Post-Keynesian Economics (2006), translated into four languages, Foundations of Post-Keynesian Economic Analysis (1992), as well as Monetary Economics: An Integrated Approach to Money, Income, Production and Wealth (2007) with Wynne Godley. The latter deals with and employs in its analysis the stock/flow consistent method.

With Mario Seccareccia, he has been the co-editor of three books, including one on the works of Milton Friedman, in addition to writing the first Canadian edition of the Baumol and Blinder first-year textbook (2009).

Lavoie has been the associate editor of the Encyclopedia of Political Economy (1999), and he has been a visiting professor at the universities of Bordeaux, Nice, Rennes, Dijon, Grenoble, Limoges, Lille, Paris-1 and Paris-Nord, as well as Curtin University in Perth, Australia.

Lavoie is also an IMK Research Fellow at the Hans Böckler Foundation in Düsselforf and Policy Fellow at the Broadbent Institute in Toronto. He has lectured at post-Keynesian summer schools in Kansas City, the Levy Economics Institute and Berlin. [2]

Research interests

Athletic career

Lavoie won the Canadian national senior championship in sabre seven times, in 1975–1979 and 1985–1986. He also won the Canadian national junior championship twice, in 1973–1974, and was second at the under-15 French championships in 1969. He was on the Canadian national team from 1973 to 1984. He participated in the 1975, 1979 and 1983 Pan-American Games finishing fourth in the individual event in sabre in 1979. He also participated in the Commonwealth championships in 1974 (4th), 1978 (2nd) and 1982, and competed at the 1976 and 1984 Summer Olympics. [3] [4] Having been named Carleton University's Male Athlete of the Year in 1973-74 and again in 1974–75, on October 16, 2014, Lavoie was inducted into Carleton University's Athletic Hall of Fame [5] He had previously been inducted into the Hall of Fame of the Fédération d’escrime du Québec. [6]

Los Angeles (1984)

Montreal (1976)

Books

See also

Related Research Articles

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Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services.

Keynesian economics Group of macroeconomic theories

Keynesian economics are the various macroeconomic theories and models of how aggregate demand strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. Instead, it is influenced by a host of factors – sometimes behaving erratically – affecting production, employment, and inflation.

Macroeconomics Branch of economics that studies aggregated indicators

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes and government spending to regulate an economy’s growth and stability. This includes regional, national, and global economies.

Post-Keynesian economics

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 Michał Kalecki, 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.

Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions, and it considers how money, for example fiat currency, can gain acceptance purely because of its convenience as a public good. The discipline has historically prefigured, and remains integrally linked to, macroeconomics. This branch also examines the effects of monetary systems, including regulation of money and associated financial institutions and international aspects.

Alan Blinder American economist

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William Baumol American economist

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Heterodox economics

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Liquidity preference interest seen as a reward for parting with liquidity

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Wynne Godley

Wynne Godley was an economist famous for his pessimism about the British economy and his criticism of the British government. In 2007, he and Marc Lavoie wrote a book about the "Stock-Flow Consistent" model, an analysis that predicted the global financial crisis of 2008.

<i>The Economics Anti-Textbook</i> Economics textbook

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Monetary circuit theory holds that money is created endogenously by the banking sector

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L. Randall Wray American economist associated with Modern Monetary Theory

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Stock-flow consistent models (SFC) are a family of macroeconomic models based on a rigorous accounting framework, which guarantees a correct and comprehensive integration of all the flows and the stocks of an economy. These models were first developed in the mid-20th century but have recently become popular, particularly within the post-Keynesian school of thought. Stock-flow consistent models are in contrast to dynamic stochastic general equilibrium models, which are used in mainstream economics.

Morris Copeland

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References

  1. Marc Lavoie profile at the Canadian Olympic Committee website
  2. Marc Lavoie CV at the University of Ottawa website
  3. "Marc Lavoie Olympic Results". sports-reference.com. Archived from the original on 2020-04-17. Retrieved 2011-04-03.
  4. Marc Lavoie's results Archived 2014-10-18 at the Wayback Machine at the Ottawa Fencing Hall of Fame website
  5. "Archived copy". Archived from the original on 2014-10-20. Retrieved 2014-10-17.CS1 maint: archived copy as title (link)
  6. http://escrimequebec.qc.ca/index.php/fr/membres/pantheon