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The Eclipse of Keynesianism
 
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The Eclipse of Keynesianism
The Political Economy of the Chicago Counter-Revolution
 
 
Palgrave Macmillan
 
 
 
 
 
19 Apr 2001
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£90.00
|Hardback Print on Demand
  
9780333730454
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DescriptionReviewsContentsAuthors

This book examines the process by which Keynesianism, with its sympathetic view of the role of government in the economy and society, lost influence amongst economists and policy makers and was replaced by more negative views about government intervention and more positive views about the role of the market as a social organiser.


Description

This book examines the process by which Keynesianism, with its sympathetic view of the role of government in the economy and society, lost influence amongst economists and policy makers and was replaced by more negative views about government intervention and more positive views about the role of the market as a social organiser.


Reviews

'I found Leeson's book an interesting reading. He has a remarkable command of the literature, and seems to be knowledgeable of every line written by his favourite authors. His book is full of original and provocative insights … Friedman is of course world famous, yet his role is still in need of assessment. Leeson's book will be a compelling benchmark in this programme' - Michel De Vroey Professor of Economics, University of Louvain, Belgium

'Leeson's book is a mine of information and an invaluable guide to the literature … [which] anyone interested in the movement towards laissez faire that took place around the 1970s should read … He continually throws out fascinating ideas' - Roger Backhouse, Professor of the History and Philosophy of Economics at the University of Birmingham, UK


Contents

Preface
Introduction
The Ghosts I Called I Cant' Get Rid Of Now: The Keynes-Tinbergen-Friedman-Phillips Critique of Keynesian Macroeconometrics
The Chicago Counter-Revolution and the Sociology of Economic Knowledge
The Rise of the Natural-Rate of Unemployment Model
Does the Expectations Trap Render the Natural-Rate Model Invalid in the Disinflationary Zone?
Language and Inflation
Friedman and the Walrasian Equations of The Natural-Rate Counter-Revolution
Index


Authors

ROBERT LEESON is Senior Lecturer in Economics at Murdoch University. He has held visiting positions at Cambridge University, the London School of Economics and the Hoover Institution, Stanford University. He has published widely in journals such as the Economic Journal, Economica, the Cambridge Journal of Economics, Urban Studies and the History of Political Economy.