Victoria Chick

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Victoria Chick
Born1936 (age 85–86)
FieldMacroeconomics and monetary economics
School or
Post Keynesian economics
InfluencesJohn Maynard Keynes, Hyman Minsky
ContributionsPost Keynesian economics
Information at IDEAS / RePEc

Victoria Chick (born 1936) is a Post Keynesian economist. She has made contributions to the understanding of Keynes's General Theory.

Early life[edit]

Chick was born in 1936 in Berkeley, California. She graduated from the University of California, Berkeley with Bachelor's and Master's degrees in economics.[1]


Chick wrote her thesis on Canada's experience in the 1950s with flexible exchange rates. As a research student, she was taught by Hyman Minsky (among others), although her interest in Keynes and his General Theory developed much later. After further study at the London School of Economics, in 1963 she secured a post at University College London where she remained for the rest of her career, being appointed to a Chair in 1993.

At UCL her interests shifted from international economics to monetary theory and macroeconomics. Her first major book, The Theory of Monetary Policy (1973), was a critical evaluation of both the Keynesian and monetarist approaches to macroeconomics that were dominant of the time. In 1971 she was present at Joan Robinson's Ely Lecture to the American Economic Association, titled The Second Crisis in Economics, and at the meeting called by Joan Robinson and Paul Davidson which gave conscious expression to what became the Post Keynesian school of thought.

Chick then returned to The General Theory and wrote a critique of Clower and Leijonhufvud's reappraisal (Leijonhufvud, 1968) of the Economics of Keynes, leading eventually to her magnum opus Macroeconomics After Keynes (1983). In this book she portrayed the Keynesian Revolution as one of method, forced by taking seriously the effects of money, time and uncertainty. Her subsequent work has placed great emphasis on methodology and institutions.

In 1988, with Philip Arestis, Chick founded the Post Keynesian Economics Study Group (PKSG).[2]

Major works[edit]

  • The Theory of Monetary Policy Oxford: Basil Blackwell (1977)
  • Macroeconomics After Keynes Cambridge, Massachusetts: MIT Press (1983)

See also[edit]


  1. ^ Arestis, Philip; Desai, Meghnad; Dow, Sheila (18 October 2001). "Methodology, Microeconomics and Keynes: Essays in Honour of Victoria Chick". Routledge. Retrieved 15 September 2021.
  2. ^ "About PKES". Retrieved 15 September 2021.


  • Arestis, P. and Sawyer, M. C. (2001) A Biographical Dictionary Of Dissenting Economists, Edward Elgar