Fabricating the Keynesian Revolution
Studies of the Inter-war Literature on Money, the Cycle, and Unemployment
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Fabricating the Keynesian Revolution by David Laidler
Book DescriptionExamining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'. This study accepts the novelty of the latter, as represented by the IS-LM model, which in various forms came to dominate the sub-discipline for three decades. It argues, however, that this model did not represent a radical change in economic thinking but rather an extremely selective synthesis of those which had permeated the preceding literature, including Keynes's own contributions to it, not least the General Theory. Hence the book questions the appropriateness of thinking of this development as the outcome of a 'Keynesian Revolution' in economic thought, partly because the most radical aspects of Keynes's own intended contribution were excluded from it, but mainly because IS-LM is better viewed as the end result of twenty years or more of intellectual development to which many others besides Keynes contributed.
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Book DetailsISBN: 9780521641739
(228mm x 152mm x 25mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Mar-1999
Country of Publication: United Kingdom
Books By Author David Laidler
Fabricating the Keynesian Revolution, Paperback (March 1999)» View all books by David Laidler
Examining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'.
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