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Levy Economics Institute

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Founded in 1986 as the Jerome Levy Economics Institute , the Levy Economics Institute of Bard College is a nonprofit, nonpartisan public policy think tank. The purpose of its research and other activities is to enable scholars and leaders in business, labor, and government to work together on problems of common interest. Its findings are disseminated—via publications, conferences, seminars, congressional testimony, and partnerships with other nonprofits—to a global audience of public officials, private sector executives, academics, and the general public. Through this process of scholarship, analysis, and informed debate, the Levy Institute generates public policy responses to economic problems.

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21-510: The Levy Institute is housed on the campus of Bard College in Annandale-on-Hudson , New York , located 90 miles north of New York City. Blithewood, a Georgian-style manor at the campus's western edge, is the institute's main research and conference facility. Designed as a private residence by McKim, Mead and White alumnus Francis L. V. Hoppin , it was completed in 1900. The house and grounds, which includes an Italianate garden overlooking

42-881: A daughter of Walter Scott Gurnee and Mary Isabelle (née Barney) Gurnee (daughter of Danford N. Barney , president of Wells Fargo & Company ). After his retirement, the Hoppins were frequent hosts at their homes in Newport, and Palm Beach. Hoppin died at Auton House, his residence on Harrison Avenue in Newport, Rhode Island , on October 9, 1941. Hoppin had two services, first at Emmanuel Episcopal Church in Newport and second at St. Thomas Episcopal Church in New York City before being buried at Sleepy Hollow Cemetery at Tarrytown, New York . After his death, his widow remarried twice; first to Alfred Hudson Townley in 1949 (former Justice of

63-456: A prominent illustrator (who wrote about the family in his novel, Recollections of Auton House ), and Dr. Courtland Hoppin, also a homeopathic physician, was the grandfather of Courtland Hector Hoppin , a pioneer in the field of animated film . His maternal uncle, David Hammond Vinton, Quartermaster General of Florida (who married Pamela, a daughter of Maj. Gen. Jacob Brown ), was the father of The Right Reverend Alexander Hamilton Vinton ,

84-616: Is known for its research in heterodox economics, specifically in Post-Keynesian and Marxian Economics. The board of directors includes Leon Botstein , the president of Bard College; Bruce C. Greenwald and Joseph Stiglitz , both of Columbia University ; Lakshman Achuthan , managing director of the Economic Cycle Research Institute ; Martin L. Leibowitz , managing director of Morgan Stanley ; William Julius Wilson of Harvard University ; Pavlina Tcherneva , President of

105-514: Is mostly owned by Bard College. There are also a few private residences, small businesses, and undeveloped land controlled by the New York State Department of Environmental Conservation . Annandale-on-Hudson, despite its size, has a significant history. Blithewood , a mansion designed by Francis L. V. Hoppin , an alumnus of the architectural firm of McKim, Mead and White for Andrew C. Zabriskie in 1899, replaced an earlier mansion by

126-493: The Century Club and The Brooklyn Museum . Fellow office architect, Egerton Swartwout , characterized Hoppin's drawings as "colored, blue sky and trees where there aren't any, and flying shadows on the building, you know, a real snappy piece of work." In 1890, he joined his brother Howard and Spencer P. Read to form a new firm was known as Hoppin, Read & Hoppin. They worked together until 1896, when Francis left to found

147-526: The Gilded Age . They designed homes for Francis Vinton Greene (a relative), James F. D. Lanier , Andrew C. Zabriskie , John J. Wysong , Harris C. Fahnestock , Charles Oliver Iselin , Henry Clews , and William Watts Sherman . One of Hoppin's best known works was The Mount , Edith Wharton 's home in Lenox . Wharton commissioned the firm to design her Lenox residence (with major input from her at every stage of

168-504: The Hudson River , were incorporated as part of Bard College in 1951. The Levy Institute has 18 scholars and 50 research associates. Their research focuses on such issues as stock-flow consistent macro modeling, monetary policy and financial structure, financial instability, income and wealth distribution, financial regulation and governance, gender equality and time poverty, and immigration/ethnicity and social structure. The Levy Institute

189-479: The Stockbridge-Munsee Community . The town takes its name from an estate donated by John Bard and his wife to Columbia University so that a college could be formed there. Today, Bard College stands on the land that John Bard donated. Bard College houses the only post office for Annandale-on-Hudson's ZIP code , 12504. The land comprising Annandale-on-Hudson, sometimes abbreviated to "Annandale",

210-501: The École des Beaux Arts as has been reported. On returning to the United States, Hoppin joined the firm of McKim, Mead and White in 1886. Reportedly, while with the firm, McKim noted Hoppin's exceptional skill at rendering with one architectural historian writing: "Among architects that had a facility for perspective Francis L.V. Hoppin stands out..." He became the office specialist in perspective , exemplified in his drawings for

231-582: The Levy Institute; and Dimitri B. Papadimitriou , President Emeritus of the Levy Institute, Jerome Levy Professor of Economics and executive vice president of Bard College, and managing director of Bard College Berlin . In the Autumn of 2014 the first class of students was admitted to the institute's Masters of Science in Economic Theory and Policy. The initial Director of the new program was Jan Kregel , he

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252-487: The firm of Hoppin & Koen in New York City with Terence A. Koen . The firm was based is known for police stations, fire stations and dignified town houses in the Beaux Arts style . Among his apprentices at Hoppin & Koen were Robert P. Huntington and Dudley Newton, Jr., the son of a prominent Newport architect. The firm became well known for its large country houses in the most fashionable parts of America during

273-558: The first Bishop of Western Massachusetts , and Harriette Arnold Vinton (wife of Dr. John Clarkson Jay, son of Dr. John Clarkson Jay ). After early training at the Trinity Military Institute, Providence, he prepared for a career in the U.S. Army , but left to study architecture at Brown University and at the Massachusetts Institute of Technology . After MIT, he went to Paris for training, but apparently not at

294-568: The history of this area. Francis L. V. Hoppin Colonel Francis Laurens Vinton Hoppin (October 7, 1866 – October 9, 1941) was a prominent American architect and painter from Providence, Rhode Island . Hopping was born on October 7, 1866, in Providence, Rhode Island . He was a son of Dr. Washington Hoppin (1824–1867), a homeopathic physician, and Louise Claire ( née Vinton) Hoppin (1832–1891). Among his siblings

315-623: The municipal Red Hook Police Department, the Dutchess County Sheriff's Office, New York State Police , Red Hook Volunteer Fire Company, and Tivoli Volunteer Fire Company. Students, faculty, and staff of Bard College also receive on-campus emergency assistance from Bard College Safety and Security and the student-run Bard EMS. The Munsee and Muhheaconneok people were the original inhabitants of this area and, due to forced migration, now reside in Northeast Wisconsin and are known as

336-597: The process), after having a falling out with Ogden Codman, Jr. Hoppin retired in 1923 to pursue a career as an artist, and Koen died the following year in 1923. When the Spanish–American War began, Hoppin enlisted in the 12th Regiment of the New York National Guard , reaching the rank of Major , and at one time was Adjutant General of the First Brigade, New York National Guard. He was later granted

357-607: The same name remodeled for Robert Donaldson Jr. by architect Alexander Jackson Davis . The current Blithewood was donated to Bard College in 1951 by the Zabriskie family and, today, houses the Levy Economics Institute at Bard College. The Estate was originally part of a 1660 land transfer from Native owners to Peter Schuyler. The Manor Estate is another historical mansion located on campus. Bard College's resident archaeologist Christopher Lindner has extensively researched

378-558: The title of "Colonel" by Gov. Charles Seymour Whitman , which he answered for the rest of his life. In 1925 and 1929, Hoppin gave a one-man show of his watercolors in New York. He largely painted on location at visits to Soissons , Rheims , Arras , Ypres , Rome , Paris, Newport and Bar Harbor, Maine . He produced dozens of watercolors usually of architectural subjects or of gardens. As Hoppin, Read & Hoppin, 1890–1896: As Hoppin & Koen, 1896–1922: On June 3, 1893, Hoppin

399-628: Was Howard Hoppin , Louise Claire Hoppin (a founder of the Red Cross ), Harriet (née Hoppin) Jacob, and Washington Hoppin, Jr. Francis was from a prominent and talented Providence family; his paternal grandparents were Thomas Coles Hoppin and Harriet Dunn (née Jones) Hoppin. His maternal grandparents were Maj. John Rogers Vinton (who was killed during the Siege of Veracruz and became the namesake of Fort Vinton ) and Lucretia Dutton (née Parker) Vinton of Boston . Among his paternal uncles were Augustus Hoppin ,

420-514: Was married to Sarah Carnes Weeks (1863–1956) at Oyster Bay on Long Island . She was the youngest daughter of John Abeel Weeks (son of Robert D. Weeks , co-founder and president of the New York Stock Exchange ) and Alice Hathaway (née Delano ) Weeks (a distant cousin of Franklin D. Roosevelt ). Sarah was a first cousin of Henry W. DeForest and Robert W. DeForest . In 1910, he married, secondly, to Mary Latham Gurnee (1880–1968),

441-632: Was succeeded by Thomas Masterson in 2022 when Profressor Kregel retired. The program is taught by Research Scholars at the institute. Annandale-on-Hudson Annandale-on-Hudson is a hamlet in Dutchess County, New York , United States, located in the Hudson Valley town of Red Hook , across the Hudson River from Kingston . The hamlet consists mainly of the Bard College campus. Emergency services at Annandale-on-Hudson are provided by

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