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Wynne Godley (1926-2010)


  • Francis Cripps

    (CAM - University of Cambridge [UK])

  • Marc Lavoie

    (CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique, University of Ottawa [Ottawa])


We review Godley’s career working in the Treasury and then at Cambridge as an applied economist concerned with live UK policy issues rather than macroeconomic theory. A description of the methodology that he followed and passed on to the Cambridge Economic Policy Group (CEPG) is followed by an outline of the macroeconomic model that he developed with many collaborators, eventually summarized in a more abstract and theoretical form in the book on macroeconomics published in 1983. The last part describes some of his work on the US economy but it mainly focuses on Godley’s progression from macroeconomics to monetary economics and his search for what he most likely considered to be the Holy Grail of economic theory.

Suggested Citation

  • Francis Cripps & Marc Lavoie, 2016. "Wynne Godley (1926-2010)," Post-Print hal-01343649, HAL.
  • Handle: RePEc:hal:journl:hal-01343649
    Note: View the original document on HAL open archive server:

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