Marc Lavoie is Professor in the Department of Economics at the University of Ottawa, where he has taught for 35 years. He is also a Research Fellow at the Macroeconomic Research Institute of the Hans Böckler Foundation in Düsseldorf and a Research Associate at the Broadbent Institute in Toronto. Lavoie has published close to 200 articles or book chapters in a wide variety of fields, in particular macroeconomics and monetary economics. With Wynne Godley he has written Monetary Economics: An Integrated Approach to Money, Income, Production and Wealth (2007) and with Mario Seccareccia, he has authored the Canadian edition of the Baumol and Blinder first-year textbook (2009). He has recently edited Wage-led Growth: An Equitable Strategy for Economic Recovery (2013, with E. Stockhammer), which deals with the effects of rising income inequality and the drift towards lower wage shares, and also In Defense of Post-Keynesian and Heterodox Economics (2013, with F. Lee). His latest work is Post-Keynesian Economics: New Foundations (2014), which is an exhaustive account of post-Keynesian economic analysis.

By this expert

Profit Inflation and Markups Once Again

Article | Jun 15, 2023

Inflation and corporate profits, a further discussion, responding to Servaas Storm

Profit-Led Inflation Redefined: Response to Nikiforos and Grothe

Article | Jun 6, 2023

Besides changes in institutions and social norms, other phenomena could explain a rise in the profit share.

Central Banks, Secular Stagnation, and Loanable Funds

Article | Sep 3, 2019

A Comment on Summers and Stansbury

Rethinking Macroeconomic Theory Before the Next Crisis

Article | Sep 23, 2016

While many countries throughout the world have faced severe financial crises over the last decades, and while the Japanese stagnation and the 1997 Asian financial crisis did induce some additional interest for the introduction of banking and finance in macroeconomic theory, it is only with the advent of the US subprime financial crisis that macroeconomic and monetary theories put forward by mainstream economists have started to be questioned.

Featuring this expert

Curriculum Reform & Rethinking Economics

Video | Sep 17, 2015

Marc Lavoie discusses the methodological foundations of heterodox economics, and offers a very different model of money and credit, firms and pricing, consumer theory, effective demand and employment and growth theories.

Mathematics for New Economic Thinking

Event Workshop | Oct 26–19, 2013

This workshop has the dual aim to expose mathematicians to new research problems in economics and economists to new techniques and developments in mathematics.