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We are economists who challenge conventional wisdom and advance ideas to better serve society.

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Duncan Foley

Advisory Board
Leo Model Professor, The New School

Involvement

Leader of Economic Sustainability, Distribution, and Stability

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

Mathematical Formalism and Political-Economic Content

Paper Conference paper | By Duncan Foley | Apr 2010

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