Wynne Godley
Wynne Godley | |
|---|---|
Wynne Godley | |
| Born | 2 September 1926 London, England |
| Died | 13 May 2010 (aged 83) |
| Nationality | British |
| Spouse | Kitty Garman |
| Academic background | |
| Influences | John Maynard Keynes, Nicholas Kaldor, James Tobin, Francis Cripps |
| Academic work | |
| Discipline | Monetary economics |
| School or tradition | Post-Keynesian economics |
| Notable ideas | Stock-Flow Consistent Modelling Sectoral financial balances |
Wynne Godley (26 September 1926 – 13 May 2010) 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 2008 financial crisis. Dirk Bezemer argues that Godley was notable for predicting the nature of the Great Recession of the late 2000s well in advance, and for doing so on the basis of a formal model.