The Case For Concerted Action

Wynne Godley was born 100 years ago on this day (2nd September 1926) according to some of his obituaries.

Levy Institute Podcast: The Life And Legacy Of Wynne Godley In the series Levy At 40, Claudio H.

Recently Financial Times had an article A Keynesian Solution to Global Imbalances (‼) by Daire Macfedden.

In his newsletter, Chartbook, in a recent post Chartbook 442: Global imbalances – A new cocktail in old bottles: World Economy April 2026:, Adam Tooze discusses global imbalances but seems dismissive of the problem.

A few days ago, the IMF wrote about global imbalances, with this chart: Source: IMF The IMF’s analysis uses the identity: S − I = DEF + CAB where S is private sector saving, I is capital formation (investment), DEF is the government deficit, and CAB is the

There are two recent articles about Wynne Godley and Francis Cripps, and their Cambridge Economic Policy Group, also called “New Cambridge economics”, and also on Nicholas Kaldor who was closely associated with it, although not part of it: The Political C…

A lot of economists—which unfortunately includes some post-Keynesians—exaggerate the effect of tariffs and quotes on prices.

International trade is central in Wynne Godley’s models and work.

While John Maynard Keynes understood that trade/current account deficits can become a problem, not just for a country with it but also for the whole world, he quite underplayed the role of international trade.

It seems that even post-Keynesians—with rare exceptions—are largely inattentive to open economy macro.