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Wynne Godley pp 203-214 | Cite as

The Research Council Showdown

  • Alan Shipman
Chapter

Abstract

A further disaster strikes when the Social Science Research Council, for ten years the main source of funding for Godley and his group, withdraws financial support, rejecting his appeals that their work is making progress and about to yield substantial advances. The Group dissolves as leading members, including Cripps, seek new opportunities elsewhere, and Godley has to reorganise the DAE around other projects. While the SSRC says its decision reflects changes in macro modelling direction which Cambridge has missed, and the new scope for funding forecasting services commercially, Godley suspects he has been punished for the series of accurate but critical forecasts of Conservative policy outcomes and ambushed by econometricians who do not acknowledge that their models lack sequential reality and stock-flow consistency.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Alan Shipman
    • 1
  1. 1.Department of EconomicsThe Open UniversityMilton KeynesUK

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