James R. Crotty (December 26, 1940 – January 9, 2023)[2] was an American Post-Keynesian macroeconomist whose research in theory and policy attempts to integrate the complementary analytical strengths of the Marxian and Keynesian traditions.
[3] Crotty did Economist and Operations Research Analyst at Mellon National Bank and Trust Company from 1963 to 1966.
[1][3] His heterodox analysis of and approach to current economic issues at the global and U.S. scale have provided a dissenting voice in a world heavily dominated by neo-classical and neo-liberal economics.
[citation needed] In 2016, he told Institute for New Economic Thinking that Keynes has been misrepresented stating, "When Keynes ended the General Theory with a call for "a more or less comprehensive socialization of investment" and the "euthanasia of the rentier," it wasn't a tossed-off provocation, but a summary of a serious political program developed over decades.
In 2014, Salon magazine used Crotty and Gerald Epstein's research on an article on how in 2006 Goldman Sachs, Morgan Stanley and Bear Stearns made the majority of their profits on 'casino' activities.