Duncan K. Foley

Last updated
Duncan K. Foley
Born (1942-06-15) June 15, 1942 (age 81)
Nationality American
Academic career
Institution New School of Social Research and Santa Fe Institute
Field Economics
School or
tradition
Classical economics, Marxian economics, Keynesian economics, Neo-Ricardian economics, Neoclassical economics, Alternatives to capitalism
Alma mater Yale University (Ph.D., Economics, 1966; National Science Foundation Grant Fellowship)
Swarthmore College (B.A. Mathematics, 1964; Phi Beta Kappa)
Doctoral
advisor
Herbert Scarf
James Tobin
Doctoral
students
Mark Gertler
Influences Karl Marx, Michel Aglietta, Louis Althusser, Étienne Balibar, Ladislaus Bortkiewicz, Nikolai Bukharin, Samuel Bowles, Maurice Dobb, William Baumol, Luigi Pasinetti, Erik Lindahl
Information at IDEAS / RePEc

Duncan K. Foley (born June 15, 1942) is an American economist. He is the Leo Model Professor of Economics at the New School for Social Research and an External Professor at the Santa Fe Institute. Previously, he was Associate Professor of Economics at MIT and Stanford, and Professor of Economics at Columbia University (Barnard College and Columbia University Graduate Faculty of Arts and Sciences). He has held visiting professorships at Woodrow Wilson School at Princeton University, UC Berkeley, and Dartmouth College, as well as the New School for Social Research (in 1995, prior to his permanent position starting in 1999).

Contents

Foley has served as the Co-Editor of ‘‘Journal of Economic Behavior and Organization’’ (1999–2001), as an Associate Editor of ‘‘Journal of Economic Theory’’ (1976–1981), and of ‘‘Journal of Economic Behavior and Organization’’ (1989–2014), and on the editorial boards of ‘‘Journal of Economic Literature’’ (1985–1991), ‘‘Metroeconomica’’ (1991–present), [1] and ‘‘Princeton University Press Series on Complexity’’ (1993–2004). He also served on the Nominating Committee of the American Economics Association (1990). [2]

His most-cited work was on Marxian economics and value theory, in particular his seminal book that put Das Kapital in a modern form, offering an accessible and rigorous introduction to Marx’s thought [3] – this work disrupted his path to tenure. [4]

However, at length he provides treatments of the history and theory of economics encompassing John Maynard Keynes, Hyman Minsky, David Ricardo, Jean-Baptiste Say, Adam Smith, and Piero Sraffa. Indeed, his work ranges across such topics as economics, physics, ecology, money, complexity and statistical reasoning, and problems of social coordination. Foley has contributed to political economy and public finance, monetary economics, global environmental economic policy and technological innovation, econometrics, Bayesian statistics and foundations for choice of theory, information theory, complex systems theory (thermodynamics / statistical mechanics) and economics (as well as classical political theory), statistical equilibrium economic modeling, economic dynamics, and other macroeconomics (including growth theory, business cycle theory and the theory of distribution). In the field of fair division, he is considered the first to introduce the concept of envy-free resource allocation. [5] [6] [7]

Personal life

Foley was born in Columbus, OH. He is married with one son, and is of Quaker descent. [ citation needed ]

Awards and recognition

Selected publications

Several working papers are also available here.

See also

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References

  1. Metroeconomica - Editorial Board - Wiley Online Library
  2. Curriculum Vitae – Duncan Foley’s Homepage
  3. Understanding Capital – Duncan K. Foley | Harvard University Press
  4. 2009, David Colander, Richard P. F. Holt, J. Barkley Rosser Jr. (eds.), The Changing Face of Economics: Conversations with Cutting Edge Economists, University of Michigan Press
  5. New School Edu: Duncan Foley's homepage
  6. Santa Fe Institute: Duncan Foley
  7. [ineteconomics.org/people/duncan-foley Duncan Foley | The Institute for New Economic Thinking]
  8. Leontief 2015 Announcement: Foley & Taylor
  9. 2013, Lance Taylor, Armon Rezai and Thomas Michl eds., Social Fairness and Economics: Essays in the Spirit of Duncan Foley, New York: Routledge (Frontiers of Political Economy)]
  10. Curriculum Vitae – Duncan Foley’s Homepage
  11. [schumpeter-centre.uni-graz.at/en/teaching/graz-schumpeter-lectures/ Schumpeter Lectures Graz Schumpeter Lectures - Graz Schumpeter Center]
  12. Curriculum Vitae – Duncan Foley’s Homepage
  13. Curriculum Vitae – Duncan Foley’s Homepage