This book offers powerful new insights into the development of macroeconomics in the quarter century preceding Keynes's General Theory. The interaction between national schools of business cycle and monetary theory is examined with emphasis on the cross-fertilisation of ideas and on the problem of apparently simultaneous discovery of theories. Early efforts to formulate macroeconomic theories in rigorous and testable form are studied together with debates about how to choose between competing theories. The book considers the response of economists to Marxian and other challenges from outside the profession and reveals the surprising extent of interaction between mainstream economists and monetary heretics during the Depression.
The book will be essential reading for students and scholars with an interest in macroeconomics and in the history of economic thought.
- ISBN10 1852781440
- ISBN13 9781852781446
- Publish Date 1 January 1989
- Publish Status Cancelled
- Out of Print 13 November 2006
- Publish Country GB
- Imprint Edward Elgar Publishing Ltd
- Format Hardcover
- Pages 256
- Language English