Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on Money, the Cycle, and Unemployment

Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on Money, the Cycle, and Unemployment

by David Laidler
     
 

ISBN-10: 0521645964

ISBN-13: 9780521645966

Pub. Date: 09/28/2009

Publisher: Cambridge University Press

It is a commonly held belief that, in 1936, Keynes' General Theory ushered in a new era in economic thought, with faith in the free market being replaced by reliance on systematic government intervention as a means of keeping the economy on an even keel. This book surveys the writings of a large number of economists in the interwar years and argues that the

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Overview

It is a commonly held belief that, in 1936, Keynes' General Theory ushered in a new era in economic thought, with faith in the free market being replaced by reliance on systematic government intervention as a means of keeping the economy on an even keel. This book surveys the writings of a large number of economists in the interwar years and argues that the "Keynesian Revolution" is a myth, and that the "new economics" was a careful and selective synthesis of an "old economics" that had been developing for twenty years or more.

Product Details

ISBN-13:
9780521645966
Publisher:
Cambridge University Press
Publication date:
09/28/2009
Series:
Historical Perspectives on Modern Economics Series
Edition description:
New Edition
Pages:
400
Product dimensions:
6.00(w) x 8.90(h) x 1.10(d)

Table of Contents

Introduction; 1. An overview; Part I. The Wicksellians: 2. Wicksellian origins; 3. The macrodynamics of the Stockholm school; Part II. The Marshallian Tradition in Britain: 4. Cambridge cycle theory: Lavington, Pigou and Robertson; 5. The monetary element in the Cambridge tradition; 6. The Treatise on Money and related contributions; 7. British discussions of unemployment; Part III. American Analysis of Money and the Cycle: 8. American macroeconomics between World War I and the Depression; 9. American macroeconomics in the early 1930s; Part IV. Keynes, the Classical and IS-LM: 10. The General Theory; 11. The classics and Mr. Keynes; 12. IS-LM and the General Theory; 13. Selective synthesis; References.

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