Marc Lavoie

About the Author

Marc Lavoie is a distinguished economist and professor emeritus at the University of Ottawa, where he has dedicated his career to advancing heterodox economic theories, particularly in the Post-Keynesian tradition. With a focus on monetary economics, macroeconomics, and alternative modeling approaches, Lavoie's work challenges mainstream neoclassical paradigms by emphasizing the roles of institutions, uncertainty, and effective demand in economic dynamics. His seminal contributions have influenced scholars and policymakers worldwide, promoting a more realistic understanding of financial systems and growth processes. Lavoie's latest edition of Post-Keynesian Economics: New Foundations: Second Edition further refines these ideas, incorporating contemporary developments in endogenous money and stock-flow consistency, making complex concepts accessible to both academics and practitioners seeking innovative economic perspectives.