The Economics of Keynes in Historical Context: An Intellectual History of the General Theory

by M. Lawlor

Overview

This volume offers a comprehensive treatment of the development of Keynes's economic ideas in the General Theory of Employment, Interest and Money , using archival material, the historical record of the economics of Keynes's time and place and the scholarship available on Keynes's biography and philosophy.

Product Details

ISBN-13:	9781349430079
Publisher:	Palgrave Macmillan UK
Publication date:	10/10/2006
Edition description:	1st ed. 2006
Pages:	357
Product dimensions:	5.51(w) x 8.50(h) x 0.03(d)

About the Author

MICHAEL S. LAWLOR is Professor of Economics at Wake Forest University in Winston-Salem, North Carolina, USA. He holds a joint appointment at the Wake Forest School of Medicine, Department of Public Health Sciences. He has held visiting appointments in the Department of Economics at the University of Cambridge and Duke University and is a Life Member of Clare-Hall, Cambridge.

Table of Contents

Introduction: Motivation, Methodology and Overview Motivation: Approaching the General Theory Historically Methodology: The Marshallian Structure of the General Theory Overview PART 1: KEYNES, CAMBRIDGE AND UNEMPLOYMENT Introduction: Keynes, the General Theory and the Labor Market The 'Late Victorian' Context of Marshall's Labor Market Views The Treatment of Labor Markets in Marshallian Economics Keynes and Labor Market PART 2: A PHILOSOPHER AND A SPECULATOR Looking Backward from the General Theory: On the Historical Origins of Keynes's Financial Market Views Sk Equilibrium in Asset Markets and 'the Folly of Amateur Speculators' The Evolution of Keynes's Views on Asset Markets and Speculation PART 3: 'SHIFTING EQUILIBRIA' IN A MONETARY ECONOMY The Development of Cambridge Monetary Thought 1870-1935 Keynes's Development as a Cambridge Monetary Theorist Sraffa and Hayek on 'Own Rates of Interest' 'The Essential Properties of Interest and Money' CONCLUSION: A THEORY OF A MONETARY ECONOMY 'Natural Rate' Mutations: Keynes, Leijonhifvud and the Wicksell Connection