Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on Money, the Cycle, and Unemployment (Historical Perspectives on Modern Economics)
- Binding: Paperback
- Author: David Laidler
- Publish Date: 1999-03-28
It is a commonly held belief that, in 1936, Keynes' General Theory ushered in a new era in economic thought, with faith in the free market being replaced by reliance on systematic government intervention as a means of keeping the economy on an even keel. This book surveys the writings of a large number of economists in the interwar years and argues that the Keynesian Revolution is a myth, and that the new economics was a careful and selective synthesis of an old economics that had been developing for twenty years or more.