Founded in 1986 as the Jerome Levy Economics Institute, the Levy Economics Institute of

Bard College Bard College is a private liberal arts college in Annandale-on-Hudson, New York. The campus overlooks the Hudson River and Catskill Mountains, and is within the Hudson River Historic District—a National Historic Landmark. Founded in 1860, ...

is a nonprofit, nonpartisan public policy think tank. The purpose of its research and other activities is to enable scholars and leaders in business, labor, and government to work together on problems of common interest. Its findings are disseminated—via publications, conferences, seminars, congressional testimony, and partnerships with other nonprofits—to a global audience of public officials, private sector executives, academics, and the general public. Through this process of scholarship, analysis, and informed debate, the Levy Institute generates public policy responses to economic problems. The Levy Institute is housed on the campus of Bard College in

Annandale-on-Hudson Annandale-on-Hudson is a Hamlet (New York), hamlet in Dutchess County, New York, United States, located in the Hudson Valley town of Red Hook, New York, Red Hook, across the Hudson River from Kingston, New York, Kingston. The hamlet consists main ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, located 90 miles north of New York City. Blithewood, a Georgian-style manor at the campus's western edge, is the institute's main research and conference facility. Designed as a private residence by

McKim, Mead and White McKim, Mead & White was an American architectural firm that came to define architectural practice, urbanism, and the ideals of the American Renaissance in fin de siècle New York. The firm's founding partners Charles Follen McKim (1847–1909), ...

alumnus

Francis L. V. Hoppin Colonel Francis Laurens Vinton Hoppin (October 7, 1866 – October 9, 1941) was a prominent American architect and painter from Providence, Rhode Island. Early life Hopping was born on October 7, 1866 in Providence, Rhode Island. He was a son of ...

, it was completed in 1900. The house and grounds, which includes an Italianate garden overlooking the

Hudson River The Hudson River is a river that flows from north to south primarily through eastern New York. It originates in the Adirondack Mountains of Upstate New York and flows southward through the Hudson Valley to the New York Harbor between Ne ...

, were incorporated as part of Bard College in 1951.

Current research

The Levy Institute has 18 scholars and 50 research associates. Their research focuses on such issues as stock-flow consistent macro modeling, monetary policy and financial structure, financial instability, income and wealth distribution,

financial regulation Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handle ...

and governance, gender equality and time poverty, and immigration/ethnicity and social structure. The Levy Institute is known for its research in heterodox economics, specifically in Post-Keynesian and Marxian Economics.

Governance

The board of directors includes Leon Botstein, the president of Bard College; Bruce C. Greenwald and

Joseph Stiglitz Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the J ...

, both of

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

; Lakshman Achuthan, managing director of the

Economic Cycle Research Institute The Economic Cycle Research Institute (ECRI) based in New York City, is an independent institute formed in 1996 by Geoffrey H. Moore, Anirvan Banerji, and Lakshman Achuthan. It provides economic modeling, financial databases, economic forecasting ...

; Martin L. Leibowitz, managing director of

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

; William Julius Wilson of

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of highe ...

; and Dimitri B. Papadimitriou, president of the Levy Institute, Jerome Levy Professor of Economics and executive vice president of Bard College, and managing director of

Bard College Berlin Bard College Berlin (formerly known as ECLA or European College of Liberal Arts) is a private, non-profit institution of higher education in Berlin, Germany. It was founded as a non-profit association in 1999. Courses are taught in the English l ...

Masters Program

In the Autumn of 2014 the first class of students was admitted to the institute's Masters of Science in Economic Theory and Policy. The new program is directed by Jan Kregel and is taught by Research Scholars at the institute.

References

{{authority control Bard College Annandale-on-Hudson, New York Economic research institutes Research institutes in New York (state) Political and economic think tanks in the United States Houses completed in 1899 Educational organizations based in the United States