Duncan Foley is Leo Model Professor of Economics at the New School for Social Research. He has taught at the Massachusetts Institute of Technology, Stanford University, Barnard College of Columbia University and published extensively in the fields of mathematical economics, Marxist economics, macroeconomics, monetary economics, the history of economic thought, economic distribution, stability,sustainability, and development. Lance Taylor and he are the 2015 recipients of the Leontief Prize of Tufts University’s Global Development and Environmental Institute.
By this expert
A growth model incorporating dynamics of capital per capita, atmospheric CO2 concentration, and labor and energy productivity is described.
Human economic interactions spontaneously express themselves in the quantitative form of prices and transactions quantities. Thismakes it difficult to avoid quantitative reasoning in political-economic research altogether