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Investment Expenditure, Unrealised Expectations and Offsetting Monetary Policies

In: 50 Years a Keynesian and Other Essays

Author

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  • G. C. Harcourt

    (Jesus College
    University of Adelaide)

Abstract

I first met Hy Minsky at the 1979 AEA Meeting in Atlanta, Georgia, the first (and only) time I have been to the Meetings. The highlights for me (apart from meeting Hy, of course) were Bob Solow’s courageous Presidential Address (Solow, 1980), which caused outrage amongst the new classical macroeconomists and their clones; Tibor Scitovsky’s Ely Lecture (Scitovsky, 1980); the receipt by Joe Stiglitz of the J. B. Clark Medal; the session on post-Keynesian economics at which Jim Crotty, Lorie Tarshis and Janet Yellen were the principal speakers (I commented on Janet’s paper, so recording another first and only, a paper in the American Economic Review, albeit the May 1980 Supplement); and meeting over two of the largest chocolate sundaes I have ever seen, Carol Heim and Rhona Wilensky, who were then two of the best and brightest graduate students at Yale, exhausted after n interviews on the slave market which accompanies the Meetings.

Suggested Citation

  • G. C. Harcourt, 2001. "Investment Expenditure, Unrealised Expectations and Offsetting Monetary Policies," Palgrave Macmillan Books, in: 50 Years a Keynesian and Other Essays, chapter 15, pages 197-205, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52331-9_15
    DOI: 10.1057/9780230523319_15
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    Cited by:

    1. Geoff C. Harcourt & Peter Kriesler & John Nevilet, 2013. "Why myths in neoclassical economics threaten the world economy: a post-Keynesian Manifesto," Discussion Papers 2013-36, School of Economics, The University of New South Wales.
    2. John Nevile, 2018. "Learning from full employment history: The 1945 Australian White Paper in practice," The Economic and Labour Relations Review, , vol. 29(4), pages 446-458, December.
    3. G. C. Harcourt, 2009. "The Rise and, Hopefully, the Fall of Economic Neo-Liberalism in Theory and Practice," The Economic and Labour Relations Review, , vol. 20(1), pages 1-6, December.

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