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Wynne Godley = A Biography /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Wynne Godley/ by Alan Shipman.
Reminder of title:	A Biography /
Author:	Shipman, Alan.
Description:	XV, 318 p. 3 illus., 1 illus. in color.online resource. :
Contained By:	Springer Nature eBook
Subject:	Economic history. -
Online resource:	https://doi.org/10.1007/978-3-030-12289-8
ISBN:	9783030122898

Wynne Godley = A Biography /
Shipman, Alan.

Wynne GodleyA Biography /[electronic resource] :by Alan Shipman. - 1st ed. 2019. - XV, 318 p. 3 illus., 1 illus. in color.online resource.

1. Life Before Economics 1926-1955 -- 2. Under Treasury Rules 1956-64 -- 3. Short-term Forecasting -- 4. Public Expenditure -- 5. Planning, Tax Reform and Structural Change -- 6. Gatecrashing the Cambridge Tradition -- 7. Public Expenditure Revisited -- 8. Sector Balances and ‘New Cambridge’ -- 9. Balance-of-Payments, Deindustrialisation and Protection -- 10. Spectating on Thatcher and Major -- 11. “Macroeconomics” -- 12. The SSRC Showdown -- 13. Wilderness and Wisdom -- 14. Cassandra Across the Atlantic -- 15. The Long Road to Redemption -- 16. Monetary Economics and After -- 17. The True Self.

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.

ISBN: 9783030122898

Standard No.: 10.1007/978-3-030-12289-8doiSubjects--Topical Terms:

557541
Economic history.

LC Class. No.: HC10-1085

Dewey Class. No.: 330.1509

Wynne Godley = A Biography /
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520 $a 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.
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