The Hayek-Keynes debates
Citations (2)
- The Cambridge Companion to Keynes whole source · open book
Companion chapters cover Keynes, the Keynesian revolution and its rivals.
- Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 - Press Release whole source
Official Nobel source for Hayek work on money and economic fluctuations.
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Consequences
what this set in motion, following the causal links
- preceded Publication of The General Theory 1936 The clash over cycles and intervention framed the reception of Keynes work.
- enabled Hicks turns Keynes into the IS-LM diagram 1937 Hicks formalized a teachable model from Keynes book.
- enabled Congress passes the Employment Act of 1946 1946 Keynesian economics made full-employment policy intellectually legible after the war.
- preceded Samuelson's Economics mainstreams the Keynesian synthesis 1948 Policy adoption and textbook synthesis reinforced each other in the postwar settlement.
People
- Friedrich Hayek protagonist
- John Maynard Keynes protagonist
Appears in 2 stories
Linked events (1)
- this preceded Publication of The General Theory