Jim Crotty Obituary, An American Post-Keynesian macroeconomist has passed away

Jim Crotty Obituary, Death – So sad to hear that Jim Crotty, a great teacher, has died. I’m glad I took his last macroeconomics class, where we learned about his extreme view of Keynes and the financial crisis right after 2008. Jim Crotty was a great guy and a smart scholar who knew a lot about Keynes. He told me and a lot of other economists, “Who Keynes really is.” James R. Crotty was a Post-Keynesian macroeconomist who lived in the United States. In his work on theory and policy, he tried to combine the best parts of the Marxist and Keynesian ways of looking at things.

He has helped with ideas about the social structure of accumulation (SSA), how radical uncertainty affects macro theory, and how financial markets work. In 1961, Crotty got his bachelor’s degree from Fordham University. In 1963, he got his master’s degree from Carnegie-Mellon University. Carnegie Mellon University gave Crotty his Ph.D. in 1973. From 1963 to 1966, Crotty worked at Mellon National Bank and Trust Company as an Economist and Operations Research Analyst. From 1966 to 1972, he was an assistant professor at the State University of New York at Buffalo.

From 1972 to 1974, he was an assistant professor at Bucknell University. He taught at the University of Buffalo, the State University of New York, and Bucknell University before joining the Economics Department at the University of Massachusetts Amherst in Amherst. In June of 1974, he started working at UMass Amherst as an assistant professor. He has worked in different ways at the university since then, except from 1977 to 1981. In June 2010, Crotty was made a professor emeritus by the school.

His work has been printed in Monthly Review, American Economic Review, Review of Radical Political Economics, Cambridge Journal of Economics, Quarterly Journal of Economics, Journal of Economic Literature, Journal of Post Keynesian Economics, Journal of Economic Issues, and many edited collections. In 2014, Crotty and Gerald Epstein’s research was used to writing an article for Salon about how Goldman Sachs, Morgan Stanley, and Bear Stearns made most of their money from “casino” activities in 2006.


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