Professor and Chair of Economics
Albert and Vera List Academic Center
Mark Setterfield is Professor of Economics in the Department of Economics at The New School for Social Research, and is also a member of faculty at Eugene Lang College. He was previously Maloney Family Distinguished Professor of Economics in the Department of Economics at Trinity College, Hartford, Connecticut, and has held visiting positions at the University of Masschusetts, Lowell, CEPREMAP (Paris, France), Downing College (Cambridge, UK), Dalhousie University (Halifax, Canada), l'Université de Paris XIII, Sorbonne Paris Cité (Paris, France), and the University of Sao Paulo (Sao Paulo, Brazil). He is an Associate Member of the Cambridge Centre for Economic and Public Policy at Cambridge University, UK, a Senior Research Associate at the International Economic Policy Institute, Laurentian University, Canada, and a Member of the Centre d’Économie de l’Université Paris Nord (CEPN) at l'Université de Paris XIII, Sorbonne Paris Cité (France).
Concentrations: Macroeconomics, Growth and Distribution, Post-Keynesian Economics.
PhD 1993, Dalhousie University
Centre d’Économie de l’Université Paris Nord (CEPN), Université Paris XIII, Sorbonne Paris Cité, France
Cambridge Centre for Economic and Public Policy, Cambridge University, UK
International Economic Policy Institute, Laurentian University, Canada
Articles and Book Chapters
“Household borrowing and the possibility of ‘consumption-driven, profit-led growth’,” Review of Keynesian Economics, 5, 1, 43-60 (2017) (with Yun Kim).
“Wage- versus profit-led growth after 25 years: an introduction to the second special issue,” Review of Keynesian Economics, 5, 1, 1-3 (2017).
"Wage- versus profit-led growth after 25 years: an introduction," Review of Keynesian Economics, 4, 4, 367–372 (2016).
“Expectations and stability in the Kaleckian growth model,” Brazilian Keynesian Review, 2, 1, 11-25 (2016) (with Gilberto Lima).
“Economic growth and development,” in L.P. Rochon and S. Rossi (eds) An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis, Cheltenham, Edward Elgar, 211-33 (2016).
“Multi-agent systems as a tool for analyzing path-dependent macrodynamics,” Structural Change and Economic Dynamics, 38 (September), 25-37 (2016) (with Shyam Gouri Suresh).
“Heterodox economics, social ontology, and the use of mathematics,” in J. Morgan (ed.) What is Neoclassical Economics? Debating the Origins, Meaning and Significance, London, Routledge, 221-37 (2016).
“Inequality, debt servicing, and the sustainability of steady-state growth,” Review of Political Economy, 28, 1, 45-63 (2016) (with Yun Kim and Jeremy Rees).
“Debt servicing, aggregate consumption, and growth,” Structural Change and Economic Dynamics, 36 (March), 22-33 (2016) (with Yun Kim).
“A simple analytical model of the adverse real effects of inflation,” Journal of Post Keynesian Economics, 38, 4, 637-65 (2015) (with Eduardo Figueiredo Bastian).
“Firm performance, macroeconomic conditions, and ‘animal spirits’ in a Post Keynesian model of aggregate fluctuations,” Journal of Post Keynesian Economics, 38, 1, 38-63 (2015) (with Shyam Gouri Suresh).
“Aggregate consumption and debt accumulation: an empirical examination of US household behavior,” Cambridge Journal of Economics, 39, 1, 93-112 (2015) (with Yun Kim and Yuan Mei).
“Inflation targeting and macroeconomic stability with heterogeneous inflation expectations,” Journal of Post Keynesian Economics, 37, 2, 255-79 (2014-15) (with Gilberto Lima and Jaylson da Silveira).
“The cost channel of monetary transmission and stabilization policy in a Post- Keynesian macrodynamic model,” Review of Political Economy, 26, 2, 258-81 (2014) (with Gilberto Lima).
“Aggregate structural macroeconomic analysis: a reconsideration and defence,” Cambridge Journal of Economics, 38, 4, 797-815 (2014) (with Shyam Gouri Suresh).
“Neoclassical growth theory and heterodox growth theory: opportunities for (and obstacles to) greater engagement,” Eastern Economic Journal, 40, 3, 365-86 (2014).
“A theory of aggregate consumption,” European Journal of Economics and Economic Policies: Intervention, 11, 1, 31-49 (2014) (with Yun Kim and Yuan Mei).
Books and Edited Volumes
After the Great Recession: the Struggle for Economic Recovery and Growth New York: Cambridge University Press (2013) (with Barry Cynamon and Steven Fazzari).
“How the Great Moderation became a (contained) depression and what to do about it,” The World Financial Review, March-April, 10-14 (2013) (with Barry Z. Cynamon and Steven M. Fazzari).
Kaldorian growth theory, Kaleckian growth theory, macroeconomic stabilization policy, path dependence in macroeconomics, aggregate wage and price setting behavior, agent-based macroeconomic models, macroeconomic methodology.
Advanced Macroeconomics 1
Computer Language Workshop
Directed Dissertation Study