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Godley Moves in Mysterious Ways: The Craft of Economic Judgment in Post-war Britain

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Contributions in Stock-flow Modeling

Part of the book series: Levy Institute Advanced Research in Economic Policy ((LAREP))

Abstract

Economists are not memorialized in monuments. Wynne Godley is the exception, his likeness is cast in bronze upon Coventry Cathedral as archangel Michael (‘St Michael’s Victory over the Devil’, 1958) in a sculpture by his father-in-law Jacob Epstein. On his passing, Godley was remembered in obituaries in the major British broadsheets, that recalled his dotted career, his engagement with the arts, his grace as a host and his tragic family history.1 At the venerable age of 75, Godley penned an essay to the London Review of Books on his battles, four decades earlier, with an abusive psychoanalyst (Godley 2001). If one were to write Godley’s biography (and I know of no such plans) the defining features of his character would be taken from this autobiographical account: a search for his true voice, and as he took many public roles, a nagging fear that he might disappoint such responsibilities. The tensions that made up the intimate structures of his psychoanalytic self help also to describe his approach to economics: an anxious affirmation of voice and judgment.

I interviewed Wynne Godley in 2006 while working on an earlier version of this chapter with very different purposes. The insights gained from that short but delightful conversation were critical for the present writing. I thank Marc Lavoie, David Laidler, Teresa Thomas Rangil, Harro Maas, Avi Cohen, John King, Roger Backhouse, and John Maloney for comments and suggestions to this chapter.

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© 2012 Tiago Mata

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Mata, T. (2012). Godley Moves in Mysterious Ways: The Craft of Economic Judgment in Post-war Britain. In: Papadimitriou, D.B., Zezza, G. (eds) Contributions in Stock-flow Modeling. Levy Institute Advanced Research in Economic Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230367357_2

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