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The Development of Cambridge Monetary Thought 1870–1935

In: The Economics of Keynes in Historical Context

Author

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  • Michael S. Lawlor

    (Wake Forest University)

Abstract

It would be extremely misleading to suggest that no economists before Keynes had considered the issues surrounding the demand for money; its relation to speculation; the interest rate and employment; and the savings and investment nexus that are now considered part and parcel of his, and all, macroeconomics. In fact not only was economics in general rife with such discussions in the first three decades of the twentieth century (Haberler, 1937; Saulnier, 1938; Laidler, 1991, 1999), but contributions from Cambridge economists were an important part of this debate, (Robertson, 1940; Eshag, 1963; Shackle, 1967, Patinkin, 1976, 1982; Presley, 1979; Leijonhufvud, 1981; Bridel, 1987). Moreover both of these literatures have been well documented.1

Suggested Citation

  • Michael S. Lawlor, 2006. "The Development of Cambridge Monetary Thought 1870–1935," Palgrave Macmillan Books, in: The Economics of Keynes in Historical Context, chapter 11, pages 155-177, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28877-5_11
    DOI: 10.1057/9780230288775_11
    as

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