Robert Guttmann
Profile
Dr. Robert Guttmann is Professor of Economics at Hofstra University (1984–present), where he chaired the department from October 2003 to August 2012, and former Associate Professor at the Centre d’Économie Paris-Nord (CEPN), Université Paris XIII (2013–2019).
Professor Guttmann has taught courses in international economics, monetary economics, and the history of economic thought. His research spans climate change economics, digital money, financialization, and global capitalism, examining the long-term transformation of monetary systems and the dynamics of crises.
Academic Focus and Research
Guttmann’s scholarship explores how finance-led capitalism and digital money reshape the global economy.
His most recent book, Multi-Polar Capitalism: The End of the Dollar Standard (Palgrave Macmillan, 2021), analyzes the global shift away from the U.S. dollar system.
He has written in English, French, German, Italian, Spanish, and Portuguese, contributing to a truly international discourse on political economy.
Fields of Expertise
Monetary Economics • International Economics • Environmental Economics
Research Topics
Economics & Finance of Climate Change • Finance-Led Capitalism • Electronic Money • Long Waves
Intellectual Influences
John Maynard Keynes – Money and economic crises
Joseph Schumpeter – Business cycles
Hyman Minsky – Financial crises and instability
Nikolai Kondratiev – Economic long waves
Ernest Mandel – Structural dynamics of capitalism
Publications
Books:
Reforming Money and Finance (1989; 2nd ed., 1997)
How Credit-Money Shapes the Economy: The United States in a Global System (1994)
Cybercash: The Coming Era of Electronic Money (2002)
Finance-Led Capitalism: Shadow Banking, Re-Regulation, and the Future of Global Markets (2015)
Eco-Capitalism: Carbon Money, Climate Finance, and Sustainable Development (2018)
Multi-Polar Capitalism: The End of the Dollar Standard (2021)
Articles, Book Chapters, and Essays (Highlights):
Over 80 scholarly works published in Économies et Sociétés, Revue de la Régulation, Challenge, Politis, Capitalism Nature Socialism, International Journal of Political Economy, Review of Keynesian Economics, and others.
His contributions address post-Keynesian monetary theory, global imbalances, asset bubbles, shadow banking, Basel II reforms, and the structural crises of capitalism.
Notable Publications (Chronological Highlights):
“Stagflation and Credit-Money in the USA” (British Review of Economic Issues, 1984)
“Money in Regulation Theory” (La Lettre de la Régulation, 1994)
“Asia in Crisis” (Capitalism, Nature, Socialism, 1998)
“Cybermonnaie: Les implications d’une nouvelle forme monétaire” (Terminal, 1997–1999)
“A Primer on Finance-Led Capitalism and Its Crisis” (Revue de la Régulation, 2008)
“Consumer Debt and Financial Fragility” (International Review of Applied Economics, 2010, with Dominique Plihon)
“The Heterodox Notion of Structural Crisis” (Review of Keynesian Economics, 2015)
“Virus Economics: An American Tragedy” (Revue de la Régulation, 2021)
Conferences and Keynotes
“Central Banking in a Debt-Deflation Crisis: A Comparison of the Fed and ECB,” Université de Bourgogne (France), 2008
“Asset Bubbles, Debt Deflation, and Global Imbalances,” Eastern Economic Association Conference, New York, 2009
“The Crisis of Finance-Led Capitalism,” International Conference, University of Campinas (Brazil), 2009
“Re-Regulating Finance,” Research Network Macroeconomics and Macroeconomic Policies (FMM), Berlin, 2010
“Financialization Revisited,” UNICAMP (Brazil), 2016
“Carbon Money and Climate Finance,” Chaire Énergie et Prospérité, Paris, 2018
Keynote Speaker, “New Developmentalist Approaches,” Fundação Getulio Vargas, São Paulo, 2019
Grants and Research Support
Faculty Academic Study Program (FASP) Research Grant, Rutgers University (1981)
Faculty Development Grants, Hofstra University (1987, 1988)
Research and Development Grant, Hofstra University (1990)
Awards and Honors
Fund B Merit Award, Rutgers University (1980–81)
Leonard Stessin Prize for Outstanding Scholarly Publication, Hofstra University (1986)
Choice Magazine Award for Outstanding Academic Publication in Economics for How Credit-Money Shapes the Economy (1995)
Distinguished Teacher Awards, Hofstra University (1989, 2004, 2013)
Full Professor Incentive Awards, Hofstra University (2003, 2009)
Augustus B. Weller Chair in Economics, Hofstra University (2017–2020)
Interviews
Robert Guttmann on the Collapse of Credit Suisse, AT1 Bonds, and the Dilemma Central Banks Are Facing. Social Science Encyclopedia. (March 30, 2023)
Talks
Regular speaker at conferences and universities across Europe, North America, and Latin America on monetary reform, financial regulation, and climate finance.
Education
Ph.D. Economics – University of Greenwich
M.A. Economics – University of Wisconsin–Madison
B.A. Economics – University of Vienna
Institutions
Professor of Economics, Hofstra University (1984–Present)
Associate Professor, Université Paris XIII (2013–2019)