Professor Basil Moore dies at 84
Basil Moore, prominent Post-Keynesian economist, who had a more than 30 year involvement with Stellenbosch Economics, passed away peacefully on Thursday, 8 March on his farm Moore’s End in the Banghoek Valley outside of Stellenbosch. As professor of Economics at Wesleyan University in the US, Basil visited Stellenbosch University in the mid-1980s and since then taught mainly on our postgraduate programmes up until 2012. He moved to South Africa (Stellenbosch) in 1992 and was appointed professor extraordinary in the department in January 2004. He taught macroeconomics and his favourite course was a postgraduate elective module on Post-Keynesian Macroeconomics. He was an enthusiastic lecturer who did his utmost to convince his students of the Post-Keynesian view of how the world functions.
Basil Moore’s major contribution to Post-Keynesian macroeconomics was on endogenous money theory and more specifically his 1988 book Horizontalists and Verticalists: The Macroeconomics of Credit Money. This book has been particularly influential in advocating a "horizontalist" view of monetary policy, which is that in a credit-based economy, the money supply is endogenous and determined by demand, and not by central bank supply of high-powered money, as the "verticalists" believe.
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BER Weekly
25 Jul 2025 Budget hurdle cleared, but US tariff implementation remains a riskIt was another big week on the local political front, but with some constructive momentum. On the trade front, ahead of next week’s 1 August deadline, Trump announced another “massive” trade deal with Japan. The upcoming week is busy, with a slew of global and domestic data releases and several monetary policy decisions, including the SARB....
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Upcoming Seminars
Monday 04 August 202512:00-13:00
Prof Willem Boshoff: Stellenbosch University
Topic: "Two competing approaches in South African competition policy: merger control and anti-cartel enforcement over the past 30 years"
12:00-13:00
Professor Johan Fourie: Stellenbosch University
Topic: "Economic History: TBC"
12:00-13:00
Dr Stephen Taylor: Director In Education & Research Fellow Stellenbosch
Topic: "TBC"
BER Weekly
25 Jul 2025 Budget hurdle cleared, but US tariff implementation remains a riskIt was another big week on the local political front, but with some constructive momentum. On the trade front, ahead of next week’s 1 August deadline, Trump announced another “massive” trade deal with Japan. The upcoming week is busy, with a slew of global and domestic data releases and several monetary policy decisions, including the SARB....
Read the full issue