Biography:Tracy Mott

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Tracy Mott (November 4, 1946 — November 4, 2021) was an American economist in the field of post-Keynesian economics and preeminent scholar of the ideas of John Maynard Keynes, Michael Kalecki, and Josef Steindl. He was particularly interested in the determinants of investment (macroeconomics).

Tracy studied at Princeton University and then attended Union Theological Seminary to earn his Master’s in Divinity. Eventually, Tracy earned his PhD in Economics from Stanford University where he studied under Donald J. Harris. His first academic appointment was at the University of Colorado Boulder, but Tracy spent the majority of his career at the University of Denver.[1]

Tracy was a prodigious scholar. Early notable articles include "Towards a Post-Keynesian Formulation of Liquidity Preference"[2] and "The Investment Theories of Kalecki and Keynes" (his most cited work co-authored with Steven Fazzari).[3] Both were published in the Journal of Post-Keynesian Economics (JPKE). He also co-authored a "A Cointegration Analysis of the US Money Supply Process" with Hamid Baghestani in the Journal of Macroeconomics.[4]

He published his first book in 2005, which is an edited volume on the contributions of Josef Steindl co-authored with Nina Shapiro.[5] His second book was published in 2010 and summarized much of his thinking about Kalecki and investment.[6] His last publications where chapters in edited volumes with a former student from his CU Boulder days[7] and with a long-time colleague at the University of Denver.[8]

Tracy Mott died on his 75th birthday in Denver, CO.

Life and education

Tracy Land Mott was born on November 4, 1946 in Memphis, Tennessee to Albert and Sara Louise Mott.[9] He graduated from Princeton University in 1968 and lived in New York, NY, working for different community agencies.

Tracy earned his Master's in Divinity in 1974 and his PhD in Economics in 1982 from Stanford University. He was very interested in the ideas of John Maynard Keynes and Michael Kalecki especially regarding investment.

After graduating, Tracy moved to Colorado to join the faculty at the University of Colorado in Boulder as an assistant professor.[10] In 1991, he joined the University of Denver (DU)[11] as an associate professor and he stayed there until his retirement in 2018. During his time at DU, he served as department chair multiple times and became professor of economics and was recognized as professor emeritus prior to his passing.

Selected Publications

Journal Articles

  • 1985: "Towards a Post-Keynesian Formulation of Liquidity Preference" in JPKE
  • 1986: "The investment theories of Kalecki and Keynes: an empirical study of firm data, 1970–1982" with Steven Fazzari in JPKE
  • 1994: "Tax incidence and macroeconomic effects in a Kaleckian model when profits finance affects investment and prices may respond to taxes" in the JPKE and "The influence of changes in income distribution on aggregate demand in a Kaleckian model: stagnation vs. exhilaration reconsidered" in Employment, Growth, and Finance, both with E. Slattery
  • 1997: Cointegration Analysis of the U.S. Money Supply Process with Hamid Baghestani in the Journal of Macroeconomics
  • 1999: "Kalecki versus Keynes on the determinants of investment" with J. Lopez in Review of Political Economy
  • 2000: "Kenneth Boulding, 1910‐1993" in The Economic Journal
  • 2014: "Asymmetries in the relation between investment and output" with H. Baghestani in JPKE

Books

  • 2005: Rethinking Capitalist Development - Essays on the Economics of Josef Steindl, eds. Tracy Mott and Nina Shapiro (Routledge)
  • 2010: Kalecki's Principle of Increasing Risk and Keynesian Economics (Routledge)

Book Chapters

  • 2002: "Longer-run aspects of Kaleckian macroeconomics" in The Economics of Demand-Led Growth (ed. Mark Setterfield, Edward Elgar)
  • 2015: "A Kaleckian Perspective on Changes in the Aggregate Income Distribution in the US" with Mark Evers in Michał Kalecki in the 21st Century (eds. Jan Toporowski and Lukasz Mamica, Springer)
  • 2020: "Rosa Luxemburg, Mikhail Tugan-Baranovsky and the current state of economic crisis" with P. Sai-wing Ho in Conflict, Demand and Economic Development (Routledge)

Tracy Mott Workshop

The Department of Economics at the University of Denver launched an annual workshop in Tracy Mott's name and memory in 2022. The themes of the workshop go beyond Tracy's academic work, but true to his example focus on both theory and policy as well as scholarly work by faculty and contributions from students.

  • 2022: Inaugural Tracy Mott Workshop featuring Randall Wray, Malcolm Sawyer, and Jan Toporowski
  • 2023: "A Pluralist Exploration of Social Reproduction and Caring" featuring Nancy Folbre and Elissa Braunstein
  • 2024: "Urban Ecosystems, Land Use, and Housing" featuring John Carruthers and Peter Tsigaris
  • 2025: "Teaching Economics from Interdisciplinary Perspectives" featuring faculty and students from the University of Denver

The workshop is supported by an endowed fund in Tracy Mott's name.

References

  1. ↑ Yasar, Yavuz; Lautzenheiser, Mark (2023). "Introduction for the special issue for Tracy Mott". Journal of Post_Keynesian Economics 46 (4): 496-497. doi:10.1080/01603477.2023.2268616. https://www.tandfonline.com/doi/full/10.1080/01603477.2023.2268616. Retrieved 1 April 2026. 
  2. ↑ Mott, Tracy (1985). "Towards a Post-Keynesian Formulation of Liquidity Preference". Journal of Post_Keynesian Economics 8 (2): 222-232. doi:10.1080/01603477.1985.11489561. https://www.tandfonline.com/doi/abs/10.1080/01603477.1985.11489561. Retrieved 1 April 2026. 
  3. ↑ Fazzari, Steven; Mott, Tracy (1986). "The investment theories of Kalecki and Keynes: an empirical study of firm data, 1970–1982". Journal of Post_Keynesian Economics 9 (2): 171-187. doi:10.1080/01603477.1986.11489611. https://www.tandfonline.com/doi/pdf/10.1080/01603477.1986.11489611. Retrieved 1 April 2026. 
  4. ↑ Baghestani, Hamid; Mott, Tracy (April 1997). "A Cointegration Analysis of the U.S. Money Supply Process". Journal of Macroeconomics 19 (2): 269-283. doi:10.1016/S0164-0704(97)00015-3. https://www.sciencedirect.com/science/article/abs/pii/S0164070497000153. Retrieved 1 April 2026. 
  5. ↑ Mott, Tracy; Shapiro, Nina (2005). Rethinking Capitalist Development Essays on the Economics of Josef Steindl. New York, NY: Routledge. p. 196. ISBN 9780415651486. https://www.routledge.com/Rethinking-Capitalist-Development-Essays-on-the-Economics-of-Josef-Steindl/Mott-Shapiro/p/book/9780415651486. 
  6. ↑ Mott, Tracy (2010). Kalecki's Principle of Increasing Risk and Keynesian Economics. New York, NY: Routledge. p. 192. ISBN 9780415746557. https://www.routledge.com/Kaleckis-Principle-of-Increasing-Risk-and-Keynesian-Economics/Mott/p/book/9780415746557. 
  7. ↑ Mott, Tracy; Evers, Mark (April 1, 2015). Michał Kalecki in the 21st Century. Palgrave Macmillan UK. pp. 182–197. doi:10.1057/9781137428288_12. https://doi.org/10.1057/9781137428288_12. 
  8. ↑ "Rosa Luxemburg, Mikhail Tugan-Baranovsky and the current state of econ". https://www.taylorfrancis.com/chapters/edit/10.4324/9780367814502-12/rosa-luxemburg-mikhail-tugan-baranovsky-current-state-economic-crisis-tracy-mott-sai-wing-ho. 
  9. ↑ "Tracy Mott Obituary". November 7, 2021. https://www.denverpost.com/obituaries/tracy-mott-denver-co/. 
  10. ↑ "Tracy Mott Obituary - Boulder, CO". November 7, 2021. https://www.dailycamera.com/obituaries/tracy-mott-boulder-co/. 
  11. ↑ "Institute for New Economic Thinking". https://www.ineteconomics.org/research/experts/tmott. 



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