He earned a master's degree in international relations and a PhD in economics from Yale University.

He states its purpose is to "stimulate public discussion about what kinds of economic arrangements and conditions are needed to promote democracy and open society.

[1] His work has covered macroeconomic theory and policy, international finance and trade, economic development, and labor markets where his approach is Post-Keynesian.

[2] Academically his best known work is the book Post Keynesian Economics: Debt, Distribution, and the Macro Economy.

But Moore raises the criticism that by using neoclassical tools and methodology Palley has failed to take both time and uncertainty (key post-Keynesian concerns) in a sufficiently serious fashion.