James Crotty (economist)
James Crotty is a post Keynesian macro economist who has research in theory and policy that attempts to integrate the complementary analytical strengths of the Marxian and Keynesian traditions. He has made valuable and original contributions to the Social Structure of Accumulation (SSA) theory, the implications of radical uncertainty for macro theory and theories of financial markets. His heterodox analysis of and approach to current economic issues at the global and US scale has provided strong analytical, solid and well argued dissent voice in a world heavily dominated by neo-classical and neo-liberal economics. His writings have appeared in leading social science journals such as Monthly Review, the American Economic Review, the Review of Radical Political Economy, the Cambridge Journal of Economics, the Quarterly Journal of Economics, the Journal of Economic Literature, the Journal of Post Keynesian Economics, the Journal of Economic Issues, and in many edited collections.
James Crotty has received his Ph.D. from Carnegie-Mellon in 1973 and after teaching in the State University of New York at Buffalo for a while joined the Economics Department of the University of Massachusetts, Amherst. Recently in his researches James Crotty has focused on the political economy of Korea and continues his research on the structure and performance of the global neoliberal economy, the impact of neoliberal globalization on developed and developing economies. He is considered as one of the leading post-Keynesian economists in US and continues to teach at the University of Massachusetts, Amherst.
Recent work
2005
- Was Korea’s Economy Structurally Dysfunctional in the mid-1990s?: A Critique of the IMF’s Justification for Regime Change in Korea (with Kang-Kook Lee)
- From East Asian “Miracle” to Neoliberal “Mediocrity”: The Effects of Liberalization and Financial Opening on the Post-Crisis Korean Economy (with Kang-Kook Lee)
2004
2002
- The Effects of Increased Product Market Competition and Changes in Financial Markets on the Performance of Nonfinancial Corporations in the Neoliberal Era
- Why Do Global Markets Suffer From Chronic Excess Capacity?: Insights From Keynes, Schumpeter and Marx
- A Political-Economic Analysis of the Failure of Neoliberal Restructuring in Post-Crisis Korea (with Kang-Kook Lee)
2001
- Korea's Neoliberal Restructuring: Miracle or Disaster? (with Kang-Kook Lee)
- Economic Performance in Post-Crisis Korea: A Critical Perspective on Neoliberal Restructuring (with Kang-Kook Lee)
- Structural Contradictions of Current Capitalism: A Keynes-Marx-Schumpeter Analysis
2000
- Structural Contradictions of the Global Neoliberal Regime
- The Case for Capital Controls
- Trading State-Led Prosperity for Market-Led Stagnation: From the Golden Age to Global Neoliberalism