John Marcus Fleming (1911 – 3 February 1976) was a British economist. He was the deputy director of the research department of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

for many years; he was already a member of this department during the period of Canadian economist Robert Mundell's affiliation. At approximately the same time as Mundell, Fleming presented similar research on stabilization policy in open economies. As a result, today's textbooks refer to the

Mundell–Fleming model The Mundell–Fleming model, also known as the IS-LM-BoP model (or IS-LM-BP model), is an economic model first set forth (independently) by Robert Mundell and Marcus Fleming. Reprinted in Reprinted in The model is an extension of the IS–LM ...

. Mundell's contribution, which assumes perfect rather than imperfect capital mobility is, however, considered more important due to its depth, range, and analytical power, and more applicable to today's conditions. He was educated at Bathgate Academy and the

University of Edinburgh The University of Edinburgh ( sco, University o Edinburgh, gd, Oilthigh Dhùn Èideann; abbreviated as ''Edin.'' in post-nominals) is a public research university based in Edinburgh, Scotland. Granted a royal charter by King James VI in 1 ...

, the

Graduate Institute of International Studies Graduate may refer to: Education * The subject of a graduation, i.e. someone awarded an academic degree ** Alumnus, a former student who has either attended or graduated from an institution * High school graduate, someone who has completed high ...

in Geneva, and the London School of Economics.

Publications

*''Dual exchange market and other remedies for disruptive capital flows'', IMF Staff Papers, March 1974.

External links

*
The Royal Swedish Academy of Sciences has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1999 to Professor Robert A. Mundell
* Reprinted in * 1911 births 1976 deaths People educated at Bathgate Academy Alumni of the University of Edinburgh Graduate Institute of International and Development Studies alumni 20th-century British economists {{UK-economist-stub