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Introduction

In: Monetarism and the Demise of Keynesian Economics

Author

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  • G. R. Steele

    (University of Lancaster)

Abstract

Great economists are men of vision: not usually with respect to their originality, but for their success in achieving recognition and acceptance of ideas. Yet, there is a danger; with popularity, profound ideas can be reduced to trivial slogans. Too often grand philosophies are plundered to serve mean interests. In the twentieth century, this has been the fate of the rival philosophies upon which, in varying degree, the conduct of economic policy has been based — Keynesianism and Monetarism.

Suggested Citation

  • G. R. Steele, 1989. "Introduction," Palgrave Macmillan Books, in: Monetarism and the Demise of Keynesian Economics, chapter 1, pages 1-6, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09994-8_1
    DOI: 10.1007/978-1-349-09994-8_1
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