Wynne Godley

A Biography

Authors: Shipman, Alan

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  • Presents the first full biography of Wynne Godley
  • Contextualises Godley's contributions to economics, whilst also taking into account his excursions into other activities and the way these affected his intellectual role
  • Describes, for the first time, the development of an approach to macroeconomics which is now coming to be dominant in Post-Keynesian economics
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eBook $64.99
price for USA in USD (gross)
  • ISBN 978-3-030-12289-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-12288-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This  timely biography of the economist  Wynne Godley (1926-2010) charts his long and often crisis-blown route to a new way of understanding  whole economies. It shows how early frustrations as a policy-maker enabled him to glimpse the cliff-edges other macro-modellers missed, and re-arm ‘Keynesian’ theory against the orthodoxy that had tried to absorb it. Godley gained notoriety for his economic commentaries - foreseeing the malaise of the 1970s, the Reagan-Thatcher slump, the unsustainable 1980s and 1990s booms, and the crises in the Eurozone and world economies after 2008. This foresight arose from a series of advances in his understanding of national accounting, price-setting, the role of modern finance, and the use of economic data, especially to grasp the interlinkage of stocks and flows. This biography also gives due attention to Godley's life outside academic economics – including his chaotic childhood,  truncated career as a professional oboist, equally brief stints as a sculptor’s model and economist in industry, and a longer spell as  as a Treasury adviser with a mystery gift for forecasting. 
This first full-length biography traces Wynne Godley’s long career from professional musician to public servant, policymaker, tormentor of conventional macroeconomics and creator of a workable alternative – all after escaping a childhood of decaying mansions and draconian schools, and rescuing his private world from the legacy of two Freuds.  Drawing on Godley’s published and unpublished work and extensive interviews with those who knew him, the author explores Godley's improbable life and explains the lasting significance of his work.



About the authors

Alan Shipman studied economics at Cambridge in Wynne Godley’s shadow, and realised how the subject had needed his insights on returning to  it after the Global Financial Crisis. Now a lecturer in economics at the Open University, his previous books include Capitalism Without Capital: Accounting for the Crash (Palgrave Macmillan, 2015).

Buy this book

eBook $64.99
price for USA in USD (gross)
  • ISBN 978-3-030-12289-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-12288-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Wynne Godley
Book Subtitle
A Biography
Authors
Copyright
2019
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-030-12289-8
DOI
10.1007/978-3-030-12289-8
Hardcover ISBN
978-3-030-12288-1
Edition Number
1
Number of Pages
XV, 318
Number of Illustrations
2 b/w illustrations, 1 illustrations in colour
Topics