Rethinking the Keynesian Revolution
«Goodspeed has here provided a solid, techinal and historical recounting of the older Cambridge Capital Controversies that will be quite useful for scholars interested in Keynes, Hayek, and the economics that issued from Cambridge.»
The European Journal of Economic Thought
While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. Les mer
between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also
contributed to a fundamental convergence between the two economists during the 1930s. This shared, 'Wicksellian' vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics.
This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to economists, political scientists, and
historians with general economics training, as well as to graduate students in these fields.
Detaljer
- Forlag
- Oxford University Press Inc
- Innbinding
- Innbundet
- Språk
- Engelsk
- ISBN
- 9780199846658
- Utgivelsesår
- 2012
- Format
- 21 x 15 cm
Anmeldelser
«Goodspeed has here provided a solid, techinal and historical recounting of the older Cambridge Capital Controversies that will be quite useful for scholars interested in Keynes, Hayek, and the economics that issued from Cambridge.»
The European Journal of Economic Thought