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Shall I Compare Thee to a Wild Duck?

In: Dennis Robertson

Author

Listed:
  • Gordon Fletcher

    (University of Liverpool Management School)

Abstract

Robertson’s approach to economics, like that of every other economist, must to some extent have been shaped by his personality. This, in Robertson’s case, could perhaps account for his fastidious overemphasis on detail at the expense of the whole, his scrupulous concern with the apportionment of credit and, as we shall see, a step-by-step ‘realistic’ approach to economic analysis. That he should have been in ‘intellectual torment’ in attempting to assess Keynes’s contribution is itself significant, and it is clear from his response to Keynes’s criticism during the period preceding the publication of Robertson’s Banking Policy and the Price Level (the period, it must be noted, from which Keynes dated all his emancipation, see Keynes, CW, XIV, p. 94), that Robertson was not of the stuff that revolutionaries are made — at least when working in the shadow of Keynes: I am afraid of being swayed into publishing by the desire to avoid disappointment and loss: but I am also afraid of being swayed against publishing by my tendency to believe you are always right! Sometimes when I have stood out against this weakness, I have been justified! (Letter to Keynes, 1925, in Keynes, CW, XIII, p. 29)

Suggested Citation

  • Gordon Fletcher, 2006. "Shall I Compare Thee to a Wild Duck?," Palgrave Macmillan Books, in: Dennis Robertson, chapter 10, pages 150-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59590-3_11
    DOI: 10.1057/9780230595903_11
    as

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