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Curried Keynesianism meets the master: Lauchlin Currie's memorandum on The General Theory for the Federal Reserve Board

Author

Listed:
  • Matías Vernengo

    (Bucknell University, USA)

Abstract

This short paper introduces Lauchlin Currie's unpublished memorandum to the Board of Governors of the Federal Reserve discussing Keynes's General Theory. The memorandum falls short of a full review of Keynes's magnum opus, but together with other published material it provides a picture of Keynesian ideas within the Fed during the Great Depression. It is suggested that Currie's views on Keynes are relevant, in particular because, contrary to what would become the dominant view, he does not think that wage or interest-rate rigidity is at the heart of the Keynesian results.

Suggested Citation

  • Matías Vernengo, 2016. "Curried Keynesianism meets the master: Lauchlin Currie's memorandum on The General Theory for the Federal Reserve Board," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(1), pages 56-60, January.
  • Handle: RePEc:elg:rokejn:v:4:y:2016:i:1:p56-60
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    Citations

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    Cited by:

    1. Ivan D. Velasquez, 2018. "Two Harvard Economists on Monetary Economics: Lauchlin Currie and Hyman Minsky on Financial Systems and Crises," Economics Working Paper Archive wp_917, Levy Economics Institute.

    More about this item

    Keywords

    history of thought; Keynes; Currie;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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