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German Anticipations of the Keynesian Revolution?: The Case of Lautenbach, Neisser and Ropke

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  • Hansjorg Klausinger

Abstract

This paper discusses the extent to which the so-called German Keynesians, in particular Lautenbach, Neisser and Ro, can be credited with anticipating the key theoretical elements of the Keynesian revolution. After justifying the choice of these three economists as representatives of German Keynesianism the theoretical foundations of expansionist programmes, in particular the distinction between primary and secondary depression are examined. A list of crucial elements of Keynes's General Theory is then established, which is used in the main section for testing the claim of anticipations. The conclusion is that the policy prescriptions were based on different foundations so that with regard to theory such a claim is not warranted.

Suggested Citation

  • Hansjorg Klausinger, 1999. "German Anticipations of the Keynesian Revolution?: The Case of Lautenbach, Neisser and Ropke," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 6(3), pages 378-403.
    • Handle: RePEc:taf:eujhet:v:6:y:1999:i:3:p:378-403
    DOI: 10.1080/10427719900000073
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    1. Milton Friedman & Anna J. Schwartz, 1963. "A Monetary History of the United States, 1867–1960," NBER Books, National Bureau of Economic Research, Inc, number frie63-1.
    2. Moggridge, D E, 1992. "The," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 207-209, Summer.
    3. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
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    1. Feld, Lars P. & Köhler, Ekkehard A. & Nientiedt, Daniel, 2021. "The German Anti-Keynes? On Walter Eucken’S Macroeconomics," Journal of the History of Economic Thought, Cambridge University Press, vol. 43(4), pages 548-563, December.
    2. Kolev, Stefan, 2024. "When Liberty Presupposes Order: F. A. Hayek’S Contextual Ordoliberalism," Journal of the History of Economic Thought, Cambridge University Press, vol. 46(2), pages 288-311, June.
    3. Hansjoerg Klausinger, 1999. "The Stability of Full Employment. A Reconstruction of Chapter 19-Keynesianism," Department of Economics Working Papers wuwp063, Vienna University of Economics and Business, Department of Economics.
    4. Stefano Figuera & Andrea Pacella, 2021. "La teoria euckeniana della moneta: spunti per una riflessione critica (Eucken's theory of money: ideas for critical reflection)," Moneta e Credito, Economia civile, vol. 74(296), pages 275-299.
    5. Fabian Lindner, 2012. "Saving does not finance Investment: Accounting as an indispensableguide to economic theory," IMK Working Paper 100-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    6. Marcelo Resico & Stefano Solari, 2016. "The Social Market Economy as a Feasible Policy Option for Latin Countries," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(2), pages 27-52.

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