The Economics of Keynes in Historical Context

This volume offers a comprehensive treatment of the development of Keynes's economic ideas in the General Theory of Employment, Interest and Money , using archival material, the historical record of the economics of Keynes's time and place and the scholarship available on Keynes's biography and philosophy.

Autorentext
MICHAEL S. LAWLOR is Professor of Economics at Wake Forest University in Winston-Salem, North Carolina, USA. He holds a joint appointment at the Wake Forest School of Medicine, Department of Public Health Sciences. He has held visiting appointments in the Department of Economics at the University of Cambridge and Duke University and is a Life Member of Clare-Hall, Cambridge.

Inhalt
Introduction: Motivation, Methodology and Overview Motivation: Approaching the General Theory Historically Methodology: The Marshallian Structure of the General Theory Overview PART 1: KEYNES, CAMBRIDGE AND UNEMPLOYMENT Introduction: Keynes, the General Theory and the Labor Market The 'Late Victorian' Context of Marshall's Labor Market Views The Treatment of Labor Markets in Marshallian Economics Keynes and Labor Market PART 2: A PHILOSOPHER AND A SPECULATOR Looking Backward from the General Theory: On the Historical Origins of Keynes's Financial Market Views Stock Equilibrium in Asset Markets and 'the Folly of Amateur Speculators' The Evolution of Keynes's Views on Asset Markets and Speculation PART 3: 'SHIFTING EQUILIBRIA' IN A MONETARY ECONOMY The Development of Cambridge Monetary Thought 1870-1935 Keynes's Development as a Cambridge Monetary Theorist Sraffa and Hayek on 'Own Rates of Interest' 'The Essential Properties of Interest and Money' CONCLUSION: A THEORY OF A MONETARY ECONOMY 'Natural Rate' Mutations: Keynes, Leijonhifvud and the Wicksell Connection