WorldCat Identities

Godley, Wynne

Overview
Works: 91 works in 242 publications in 3 languages and 2,157 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Creator, Other
Classifications: HB172.5, 339
Publication Timeline
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Most widely held works by Wynne Godley
Macroeconomics by Wynne Godley( Book )

15 editions published in 1983 in English and Undetermined and held by 504 WorldCat member libraries worldwide

Monetary economics : an integrated approach to credit, money, income, production and wealth by Wynne Godley( Book )

32 editions published between 2006 and 2012 in English and held by 341 WorldCat member libraries worldwide

This book challenges the mainstream paradigm, which is based on the inter-temporal optimisation of welfare by individual agents. It introduces a new methodology for studying how it is institutions (firms, banks, governments, foreigners and households) which create flows of income, expenditure and production together with stocks of assets (including money) and liabilities, thereby determining how whole economies evolve through time. It is a central contention that any realistic representation of a monetary economy must be grounded in a fully articulated system of national income and flow of funds accounts which is so complete that the nth variable is logically implied by the other n-1. As the financial balances of each sector have exact counterparts in changes in stock variables, historical time is introduced into the basic system of concepts, with asset and liability stocks providing the link between each period and each succeeding period. It is taken as axiomatic that decisions are based on expectations about the future reached under conditions of uncertainty, so for every sector there must exist at least one flexible option or "buffer" over which that sector has no direct control and which adjusts passively when expectations are falsified. For firms the buffer will normally take the form of inventories, for banks and governments it will be stocks of government securities, for households it will be stocks of credit money. Accordingly, outside financial markets there is neither need nor place for equilibrium conditions to bring supply into equivalence with demand. It will almost always be quantities rather than prices which give the signals which keep the economy on track. Starting with extremely simple stock flow consistent (SFC) models, the text describes a succession of increasingly complex models, using a conventional narrative style backed up by equations which bring precision to individual propositions. However, underlying each narrative there exists a simulation model constructed with such rigour that, in harmony with its basis in comprehensive accounting, there is always one equation which is implied logically by all the others. Solutions of these models are used to illustrate, with charts, ways in which whole economies evolve when shocked in various ways. Readers will be able to download all the models and explore their properties for themselves. A major conclusion is that economies require management via fiscal and monetary policy if full employment without inflation is to be achieved
Industrial pricing in the United Kingdom by K. J Coutts( Book )

10 editions published in 1978 in English and Spanish and held by 325 WorldCat member libraries worldwide

The stock-flow consistent approach : selected writings of Wynne Godley by Wynne Godley( Book )

10 editions published between 2011 and 2012 in English and held by 87 WorldCat member libraries worldwide

Selected essays from the eminent economist, Wynne Godley, tracing the development of his work and illuminating the key theories and models that made his name. Essays focus not only on the stock-flow coherent approach, but also lay out Godley's views about the European Union and the stability of its monetary policy. This book is the intellectual legacy of Wynne Godley, the famous British economist who was the head of the Department of Applied Economics at the University of Cambridge for nearly 20 years, after having been deputy director of the Economic section at the UK Treasury. These selected writings are useful not only as a summary of the evolution of Godley's analysis, but also equip economists with new tools for the achievement of sustainable economic growth. Professor Godley's work always originated from puzzles in the real world economy, rather than from curiosities in economic models, and his work has retained its practicality; the stock-flow models have proved to be effective in predicting recent recessions. These essays present Godley's challenge to accepted wisdom in the field of macroeconomic modelling, which, in his opinion, did not reflect the economics that he had learned by working on practical matters for the Treasury in the 1960s. Godley developed post-Keynesian traditions and created models which fully integrate theory with the financial system and real demand and output
Neuer Protektionismus in der Weltwirtschaft und EG-Handelspolitik : Jahreskolloquium 1984 by Arbeitskreis Europäische Integration( Book )

7 editions published in 1985 in German and held by 87 WorldCat member libraries worldwide

Contributions in stock-flow modeling : essays in honour of Wynne Godley( Book )

3 editions published in 2012 in English and held by 68 WorldCat member libraries worldwide

"A collection of papers from leading thinkers to celebrate the work of the late Wynne Godley, and his enormous contribution to the field of monetary economics. Chapters include in-depth discussions of the revolutionary economic modeling systems that Godley introduced, as well as his prescient concerns about the global financial crash."--Publisher's website
Local government finance and its reform : a critique of the Layfield Committee's report by Francis Cripps( Book )

8 editions published in 1976 in English and held by 61 WorldCat member libraries worldwide

The planning of telecommunications in the United Kingdom by Francis Cripps( Book )

3 editions published in 1978 in English and Undetermined and held by 29 WorldCat member libraries worldwide

Unternehmensplanung, Betriebsplanung ; Fernmeldebetriebsanlage ; Grossbritannien und Nordirland
The arguments for and against protectionism by Maurice FitzGerald Scott( Book )

5 editions published between 1980 and 1985 in English and held by 19 WorldCat member libraries worldwide

A dynamic model for the analysis of trade policy options by Nicos Christodoulakis( Book )

2 editions published in 1986 in English and held by 19 WorldCat member libraries worldwide

Seven unsustainable processes : medium-term prospects and policies for the United States and the world by Wynne Godley( Book )

2 editions published in 1999 in English and held by 15 WorldCat member libraries worldwide

The Jerome Levy Economics Institute, located in Annandale-on-Hudson, New York, presents the full text of October 5, 2000 paper entitled "Seven Unsustainable Processes: Medium-term Prospects and Policies for the United States and the World," written by Wynne Godley. This paper examines economic growth, fiscal policy, foreign trade, and private income expenditure and borrowing, as well as models of the United States and world economies to suggest appropriate policy responses
Contributions in stock-flow modelling : essays in honour of Wynne Godley( Book )

4 editions published between 2011 and 2012 in English and held by 12 WorldCat member libraries worldwide

Money and credit in a Keynesian model of income determination by Wynne Godley( Book )

3 editions published in 1998 in English and held by 10 WorldCat member libraries worldwide

An important inconsistency at the heart of the standard macroeconomic model by Wynne Godley( Book )

3 editions published in 1998 in English and held by 8 WorldCat member libraries worldwide

A critical imbalance in U.S. trade : the U.S. balance of payments, international indebtedness, and economic policy by Wynne Godley( Book )

3 editions published in 1995 in English and held by 8 WorldCat member libraries worldwide

According to Wynne Godley, the significance of the deficit in the United States' balance of payments has been underestimated in both public policy and academic discussions, despite the fact that American markets are increasingly dominated by foreign manufacturers. Godley analyzes the problem posed by the current balance of payments deficit. Breaking down the current account into its component parts, he traces the cause of the deficit. He refutes the arguments of other economists that the balance of payments deficit is self-correcting, unimportant, or the result of other domestic forces (namely, too low a level of national saving), and outlines policy approaches to solving the problem. Godley notes that although the strategic problems posed are specific to this country and the United States may have to take unilateral action to solve them, the problems have arisen because there is no significant international regulation of the system as a whole. Inherent flaws have developed in the system of international production, trade, and payments as that system has expanded and become increasingly deregulated. "All the difficulties that exist, or that are foreshadowed in this brief, would be best resolved by energetic international cooperation, of which there is at present little sign"
Debt and lending : a cri de coeur by Wynne Godley( Book )

4 editions published in 2006 in English and held by 8 WorldCat member libraries worldwide

Economía monetaria : una revolución contra la teoría económica superficial con el rigor de los modelos stock-flujo by Wynne Godley( Book )

2 editions published in 2012 in Spanish and held by 8 WorldCat member libraries worldwide

Money, finance and national income determination : an integrated approach by Wynne Godley( Book )

3 editions published in 1996 in English and held by 8 WorldCat member libraries worldwide

Open economy macroeconomics using models of closed systems by Wynne Godley( Book )

4 editions published in 1999 in English and held by 7 WorldCat member libraries worldwide

Contributions to stock-flow modeling Essays in honor of Wynne Godley( )

2 editions published between 2011 and 2012 in English and held by 0 WorldCat member libraries worldwide

A collection of papers from leading thinkers to celebrate the work of the late Wynne Godley, and his enormous contribution to the field of monetary economics. Chapters include in-depth discussions of the revolutionary economic modelling systems that Godley introduced, as well as his prescient concerns about the global financial crash
 
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Audience level: 0.62 (from 0.46 for Macroecono ... to 0.96 for Economía ...)

Monetary economics : an integrated approach to credit, money, income, production and wealth
Alternative Names
Godley, Wynne A. 1926-2010

Godley, Wynne A.H. 1926-2010

Wynne Godley Brits econoom (1926-2010)

Wynne Godley Economist

Wynne Godley economista britannico

Wynne Godley englischer Oboist und Ökonom

Languages
English (113)

German (7)

Spanish (3)

Covers
The stock-flow consistent approach : selected writings of Wynne Godley