Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on Mon

Description: Fabricating the Keynesian Revolution by David Laidler Laidler surveys the writings of a large number of economists in the inter-war 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 which had been developing for twenty years or more. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description 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. 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. Review "Natura non facit saltum. So said Marshall, and once again hes been proven correct. Without denigrating the very real contributions of John Maynard Keynes, David Laidler demonstrates conclusively that, far from inventing an entirely novel theory to challenge a dead orthodoxy, Keynes fabricated his theory from the ample materials provided by a lively and diverse interwar literature. Fabricating the Keynesian Revolution sets Keyness work in the theoretical context of its period as no other book has. It is must reading not only for historians of economics but for anyone who wants to understand how modern macroeconomics came to be." Neil Skaggs, Illinois State University "For persons entering economics in the 1940s, Keynesian economics was shockingly revolutionary because it was shockingly activist by comparison with all earlier, other than Marxian, economic teaching. Laidlers book brilliantly traces the fabrification of a textbook revolution in activist economics which in one generation replaced thoughtful Marshallian courses in economic inquiry with courses in soapbox oratory about economic fluctuations. Laidlers scholarship is impeccable; even the most knowledgable professional has much to learn from reading his book." Robert Clower, University of South Carolina "David Laidler has written an important, scholarly, and controversial study of the diverse strands of monetary economics between the wars, showing how Austrian, Swedish, American institutionalist, and Marshallian traditions of cycle analysis, and Keyness own earlier work, contributed along with Keyness General Theory to the emergence of modern macroeconomics. Laidlers wide-ranging, learned, and provocative analysis deepens our understanding of the richness of interwar macroeconomics, and will stimulate a lively debate on the role of Keynes in the development of macroeconomics." Robert Dimand, Brock University, Canada "...brilliantly conceived and splendidly executed...No one interested in the economics or the economic history of the interwar period should fail to read it." Journal of Economics, Susan Showson, University of Toronto Promotional Examining the emergence, in the inter-war years, of what came to be called Keynesian macroeconomics. Review Quote "Natura non facit saltum. So said Marshall, and once again hes been proven correct. Without denigrating the very real contributions of John Maynard Keynes, David Laidler demonstrates conclusively that, far from inventing an entirely novel theory to challenge a dead orthodoxy, Keynes fabricated his theory from the ample materials provided by a lively and diverse interwar literature. Fabricating the Keynesian Revolution sets Keyness work in the theoretical context of its period as no other book has. It is must reading not only for historians of economics but for anyone who wants to understand how modern macroeconomics came to be." Neil Skaggs, Illinois State University Promotional "Headline" Examining the emergence, in the inter-war years, of what came to be called Keynesian macroeconomics. Description for Bookstore Laidler surveys the writings of a large number of economists in the inter-war 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 which had been developing for twenty years or more. Description for Library Laidler surveys the writings of a large number of economists in the inter-war 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 which had been developing for twenty years or more. Details ISBN052164173X Author David Laidler Short Title FABRICATING THE KEYNESIAN REVO Publisher Cambridge University Press Series Historical Perspectives on Modern Economics Language English ISBN-10 052164173X ISBN-13 9780521641739 Media Book Format Hardcover DEWEY 330.156 Year 1999 Imprint Cambridge University Press Subtitle Studies of the Inter-war Literature on Money, the Cycle, and Unemployment Place of Publication Cambridge Country of Publication United Kingdom Pages 400 Affiliation University of Western Ontario Illustrations 1 Line drawings, unspecified DOI 10.1604/9780521641739 UK Release Date 1999-03-28 AU Release Date 1999-03-28 NZ Release Date 1999-03-28 Publication Date 1999-03-28 Alternative 9780521645966 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:91369529;

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