Nitin Nair

Nitin Nair


Nitin is a postgraduate researcher pursuing a PhD in economics at the Leeds University Business School. He is primarily interested in post-Keynesian economic theory and its application into a theory of underdevelopment, through an emphasis on the relationship between finance and capital accumulation. He has been trained in different strands of post-Keynesian theory. He studied financial and structuralist (Latin American) post-Keynesian economics under Jan Kregel. He was taught Modern Money Theory and Institutional post-Keynesian economics by Randy Wray and Pavlina Tcherneva. He trained in stock-flow consistent modelling and the Circuitist approach under Gennaro Zezza. His master’s thesis was supervised by Dimitri Papadimitriou. He has also studied Sraffian economics and has attended the Sraffian Summer School hosted by Centro Sraffa. Currently, his research is supervised by Karsten Kohler, Annina Kaltenbrunner, and Gary Dymski.


Nitin was awarded the Levy Fellowship between 2021 and 2023. He is a recipient of the LUBS economics department scholarship. In 2023, he won the 18th Annual AFIT-AFEE Student Paper Competition and EAEPE’s Herbert Simon Prize. He has contributed to the Levy Economics Institute Working Paper Series

Peer reviews


Journal of Post Keynesian Economics

Research interests

Nitin’s research revolves around the currency hierarchy, capital accumulation, and underdevelopment. He will attempt to illustrate, using a stock-flow consistent model, the structural tendencies that encourage the accumulation of (international) money and financial assets instead of the accumulation of capital assets. He believes that it is this tendency of the accumulation of (international) money that manifests itself through different channels to result in low levels of output, employment, and the failure to industrialize and create adequate productive capacity – keeping peripheral economies underdeveloped and in a subordinated position. Central to this research is a revival of the works of Keynes, Davidson, Minsky, and Kregel and its fusion with structuralist post-Keynesian economics.

Nitin is also interested in financialization, and the integration of shadow banking into the monetary circuit using insights from Minksy’s money hierarchy approach. 




  • M.S. in Economic Theory and Policy, Levy Economics Institute of Bard College (2021-2023)
  • B.A. in Economics, Azim Premji University (2017-2020)