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

Bard College Bard College is a private college, private Liberal arts colleges in the United States, liberal arts college in Annandale-on-Hudson, New York. The campus overlooks the Hudson River and Catskill Mountains within the Hudson River Historic District ...

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, New York, 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 based in New York City. The firm came to define architectural practice, urbanism, and the ideals of the American Renaissance in ''fin de siècle'' New York. The firm's founding partners, Cha ...

alumnus Francis L. V. Hoppin, it was completed in 1900. The house and grounds, which includes an Italianate garden overlooking the

Hudson River The Hudson River, historically the North River, is a river that flows from north to south largely through eastern New York (state), New York state. It originates in the Adirondack Mountains at Henderson Lake (New York), Henderson Lake in the ...

, 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 broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest consi ...

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, both of

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

; Lakshman Achuthan, managing director of the Economic Cycle Research Institute; Martin L. Leibowitz, managing director of

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

; William Julius Wilson of

Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...

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

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 initial Director of the new program was Jan Kregel, he was succeeded by Thomas Masterson in 2022 when Profressor Kregel retired. The program 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