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James R. Crotty, UMass Amherst economics professor emeritus, served as the first Helen Sheridan Memorial Scholar from 2007 until 2011. During this time Crotty wrote several papers explaining the underlying causes of the financial crisis and has offered ideas on how to re-regulate financial markets to avoid future disaster.

Crotty and his colleague, Gerald Epstein, are the recipients a grant from the Institute for New Economic Thinking (INET). Their project, How Big is Too Big? What Should Finance Do and How Much Should It Be Cut Down to Size?, will attempt to identify the socially desirable size and character of the financial system.

On April 15, 2011, Professor Crotty presented the first Helen Sheridan Memorial Lecture titled, The Battle Over Austerity: What Caused the Fiscal Crisis and Who Should Pay?