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Reinterpreting The Keynesian Revolution (Paperback)
Loot Price: R1,555
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Reinterpreting The Keynesian Revolution (Paperback)
Series: Routledge Studies in the History of Economics
Expected to ship within 12 - 17 working days
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Various explanations have been put forward as to why the Keynesian
Revolution in economics in the 1930s and 1940s took place. Some of
these point to the temporal relevance of John Maynard Keynes's The
General Theory of Employment, Interest, and Money (1936),
appearing, as it did, just a handful of years after the onset of
the Great Depression, whilst others highlight the importance of
more anecdotal evidence, such as Keynes's close relations with the
Cambridge 'Circus', a group of able, young Cambridge economists who
dissected and assisted Keynes in developing crucial ideas in the
years leading up to the General Theory. However, no systematic
effort has been made to bring together these and other factors to
examine them from a sociology of science perspective. This book
fills this gap by taking its cue from a well-established tradition
of work from history of science studies devoted to identifying the
intellectual, technical, institutional, psychological and financial
factors which help to explain why certain research schools are
successful and why others fail. This approach, it turns out,
provides a coherent account of why the revolution in macroeconomics
was 'Keynesian' and why, on a related note, Keynes was able to see
off contemporary competitor theorists, notably Friedrich von Hayek
and Michal Kalecki.
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