The New Palgrave Dictionary of Economics

Living Edition
| Editors: Matias Vernengo, Esteban Perez Caldentey, Barkley J. Rosser Jr

Wynne Godley

  • Gennaro ZezzaEmail author
  • Alan Shipman
Living reference work entry


The chapter provides a brief biography of Wynne Godley (1926–2010), a British economist who informed the discussion of economic policy in the United Kingdom and later the United States. Godley was the main contributor to the development of the stock-flow-consistent approach to macroeconomics, setting out models based on rigorous accounting which allowed him to anticipate (ahead of more orthodox forecasters) adverse developments in the UK economy in the 1970s and 1980s, as well as the global recessions of 2001 and 2007–2009.

JEL Classification

B31 B50 E12 
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Copyright information

© The Author(s), under exclusive license to Springer Nature Limited 2020

Authors and Affiliations

  1. 1.University of Cassino and Southern LazioCassinoUK
  2. 2.Levy Economics Institute of Bard College, Annandale on HudsonNew YorkUSA
  3. 3.Open UniversityLondonUK

Section editors and affiliations

  • Matías Vernengo
    • 1
  1. 1.Bucknell UniversityLewisburgUSA