John Marcus Fleming (1911 – February 3, 1976) was a British economist. He was the deputy director of the research department of the
International Monetary Fund for many years; he was already a member of this department during the period of Canadian economist
Robert Mundell's affiliation. At approximately the same time as Mundell, Fleming presented similar research on
stabilization policy in open economies. As a result, today's textbooks refer to the
Mundell–Fleming model. Mundell's contribution, which assumes perfect rather than imperfect capital mobility is, however, considered more important due to its depth, range, and analytical power, and more applicable to today's conditions.