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The Pragmatic Basis of Keynes's Political Economy

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  • Dillard, Dudley

Abstract

Although we still live in the shadow of the years between the First and the Second World Wars, already it seems quite clear that future historians of economic thought will regard John Maynard Keynes as the outstanding economist of this turbulent period. As one writer has recently said, “The rapid and widespread adoption of the Keynesian theory by contemporary economists, particularly by those who at first were highly critical, will probably be recorded in the future history of economic thought as an extraordinary happening.” Book after book by leading economists acknowledges a heavy debt to the stimulating thought of Lord Keynes. The younger generation of economists, especially those whose thinking matured during the great depression of the thirties, have been particularly influenced by him.

Suggested Citation

  • Dillard, Dudley, 1946. "The Pragmatic Basis of Keynes's Political Economy," The Journal of Economic History, Cambridge University Press, vol. 6(2), pages 121-152, November.
    • Handle: RePEc:cup:jechis:v:6:y:1946:i:02:p:121-152_05
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    Cited by:

    1. Ahmed Anwar, 2020. "From Keynes' Liquidity Preference to Gesell's Basic Interest," Edinburgh School of Economics Discussion Paper Series 299, Edinburgh School of Economics, University of Edinburgh.
    2. Bruce E. Kaufman, 2012. "Wage Theory, New Deal Labor Policy, and the Great Depression: Were Government and Unions to Blame?," ILR Review, Cornell University, ILR School, vol. 65(3), pages 501-532, July.

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