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By G. Harcourt

The writer reports retrospectively his constructing rules on thought and coverage for the reason that he first encountered Keynes's writings in 1950. themes coated comprise: Keynes now, particularly the arriving again into favour of his such a lot primary principles; highbrow biographies and shorter tributes to economists; and a survey of Post-Keynesian thought.

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1, 52–82. Marshall, A. (1890) Principles of Economics (London: Macmillan), ninth (variorum) edition 1961. Meade, J. E. and E. A. Russell (1957) ‘Wage Rates, the Cost of Living and the Balance of Payments’, Economic Record, vol. 33, 23–8. Okun, A. (1978) ‘The Great Stagflation Swamp’, Challenge, vol. 20, 6–13. Parkin, M. (1996) Economics (Sydney: Addison-Wesley). Pesaran, M. H. and G. C. Harcourt (2000) ‘Life and Work of John Richard Nicholas Stone 1913–1991’, Economic Journal, vol. 110, F146–65.

What we’re really saying is that the public sector is so inefficient you should not let them do investment anyway because private people would do it so much more efficiently’. That has a certain modern ring to it, in light of what Donald Horne calls ‘the economic fundamentalists’ and others call the ‘economic rationalists’. Keynes then realised that Say’s Law did not hold and therefore the quantity theory of money was not an explanation of the general level of prices. This had occurred in the Treatise on Money, although he could not see at that time that it was inconsistent with his system.

And G. C. Harcourt (1960) ‘Taxation and Business Surplus’, Economic Record, vol. 36, 425–8. Cate, T. ) (1997) An Encyclopedia of Keynesian Economics (Cheltenham: Edward Elgar). Chamberlin, E. H. (1933) The Theory of Monopolistic Competition. A Re-orientation of the Theory of Value (Cambridge: Harvard University Press). Chari, V. V. (1998) ‘Nobel Laureate Robert E. Lucas, Jr: Architect of Modern Macroeconomics’ Journal of Economic Perspectives, vol. 12, 171–86. Clausewitz, C. Von (1943) Principles of War, translated and edited by Hans W.

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