Bard Faculty

L. Randall Wray

Professor of Economics; Senior Scholar, Levy Economics Institute of Bard College

Primary Academic Program: Economics


B.A., University of the Pacific; M.A., Ph.D., Washington University. Current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With Levy Institute President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. He is the author of Money and Credit in Capitalist Economies; Understanding Modern Money: The Key to Full Employment and Price Stability; and Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems. He is also coeditor of, and a contributor to, Money, Financial Instability, and Stabilization Policy, and Keynes for the 21st Century: The Continuing Relevance of The General Theory. He previously taught at the University of Missouri–Kansas City, University of Denver, University of Bologna, and University of Rome (La Sapienza).


Phone: 845-758-7730
Department: Levy Economics Institute
Location: Albee
Office: 202