Axel Leijonhufvud

Dr. Leijonhufvud was born in Stockholm, Sweden and obtained his bachelors degree at the University of Lund. After coming to the United States in 1960, he earned an M.A. from the University of Pittsburgh and his Ph.D. from Northwestern University. He came to the University of California at Los Angeles in 1964 and was named Full Professor in 1971, served repeatedly as Department Chairman, and retired from UCLA in 1994. From 1995 he was Professor of Monetary Theory and Policy at the University of Trento, Italy and became Professore emerito of that University in 2009.

Professor Leijonhufvud has honorary degrees from the University of Lund, Sweden, and the University of Nice, Sophia-Antipolis, in France. He has been a Fellow of the Institute of Advanced Studies in Princeton and at the Centers for Advanced Studies in Vienna and in Jerusalem and he is an Overseas Fellow of Churchill College, Cambridge. He has lectured widely and has been a visiting professor at a number of universities including the European University Institute, Florence, Stockholm School of Economics, University of Konstanz, University of Strasbourg, Nihon University in Tokyo, and Instituto Torcuato di Tella in Buenos Aires. He has testified before Congress on issues of banking and monetary policy and has been an economic advisor to the President of Kazakhstan as well as a consultant to Russian regional governments. He has been included in 100 Great Economists Since Keynes (M. Blaug, editor), in the International Who’s Who, Who’s Who in America, etc.

Dr. Leijonhufvud’s best-known work, On Keynesian Economics and the Economics of Keynes: A Study in Monetary Economics (Oxford,1968) was translated into German, Italian, Spanish, Japanese, Serbo-Croatian and Chinese. This line of research was pursued further in Information and Coordination (Oxford: 1981) and (with Daniel Heymann) in High Inflations (Oxford, 1995). Other books: Macroeconomic Instability and Coordination: Selected Essays: Cheltenham: Edward Elgar 2000, Informazione, coordinamento e instabilitá macroeconomica (collection of essays edited by Elisabetta de Antoni): Roma: Editori Laterza 2004, Organización e inestabilidad económica: Ensayos elegidos: Buenos Aires: Temas 2006. Leijonhufvud has published numerous articles in professional journals and collected volumes. Since 2007 he has written frequently for the CEPR Policy Insight series and VoxEU.

Featuring this expert

Feelings Offstage

Article | Apr 15, 2012

INET Berlin 2012 - back home again. On stage, it’s been a huge amount of claims, assertions, and arguments about what went wrong, about what exactly happened, about why this time was different, about what will certainly happen, and about what remains deeply uncertain, about what “we” shall do about it, about what “we” could do better.

Asking questions about paradigms and INET

Article | Apr 11, 2012

Dinner has already rolled around on what has been a quick day.

INET and reforming economic education: can history help?

Article | Apr 13, 2011

One INET project is to “reconnect the teaching of economics with the working of the actual economy,” which is to begin with a reform of the undergraduate curriculum.

Toward an Alternative Macroeconomic Theory

Budapest 2010

Event Conference | Sep 6–8, 2010

The Institute joined DIME and Central European University in hosting a conference addressing a key question of economics today: How can we create a new macroeconomic theory that takes into account the true relationship of finance to the real economy and can more accurately anticipate crises?