Sheila Dow is Emeritus Professor of Economics at the University of Stirling, Scotland, Adjunct Professor of Economics at the University of Victoria, Canada, and a member of the Academic Council of INET. Her main academic focus is on raising methodological awareness in the fields of macroeconomics, money and banking, and the history of economic thought (especially Hume, Smith and Keynes). While her career has primarily been in academia, she has held positions with the Bank of England and the Government of Manitoba, and as special advisor on monetary policy to the UK Treasury Select Committee. She has held positions such as Chair of INEM and co-editor of Economic Thought and is currently a member of the Academic Advisory Board of the ISRF. Recent books include Foundations for New Economic Thinking (Palgrave Macmillan 2012), and co-edited volumes The General Theory and Keynes for the 21st Century (Edward Elgar, 2018) and Money, Method and Post-Keynesian Economics for the 21st Century (Edward Elgar, 2018).
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Developments in the real economy have persistently challenged central tenets of older economic thinking, such as the supposed close connection between the money supply and inflation.
One thing is clear – the ‘get Brexit done’ slogan resonated in a country which had been living on a series of knife edges as one ‘crunch’ time after another came and went.
State-issued digital money may avoid some pitfalls of cryptocurrency, but it’s no financial panacea
Decomposition by such an important category as gender helps us understand the economy at the macro level, and design macroeconomic policy, better. It also provides the foundation for advocating equal gender rights and outcomes. But, where gendered policy issues arise in mainstream macroeconomics (income maldistribution, labour market composition, etc.) the subject matter is narrowed by its microfoundations, by focusing on GDP growth and on suboptimal outcomes being explained by market imperfections.
Featuring this expert
The Future of Macroeconomics Institute for New Economic Thinking, via Naked Capitalism 2-2-21]
Sheila Dow and Antonella Stirati bring their scholarly expertise to INET’s research advisory group
The economist had to learn moral philosophy before anything else—an underpinning that’s still helpful for today’s students
INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.