9780312235758

The Eclipse of Keynesianism The Political Economy of the Chicago Counter-Revolution

by
  • ISBN13:

    9780312235758

  • ISBN10:

    0312235755

  • Format: Hardcover
  • Copyright: 2001-12-07
  • Publisher: Palgrave Macmillan

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Summary

This book examines the process by which Keynesianism, with its sympathetic view of the role of government in the economy and society, lost influence among economists and policy makers and was replaced by more negative views about government intervention and more positive views about the role of the market as a social organizer.

Author Biography

Robert Leeson is Senior Lecturer in Economics, Murdoch University.

Table of Contents

Preface vii
Introduction
1(10)
`The Ghosts I Called I Can't Get Rid of Now': the Keynes-Tinbergen-Friedman-Phillips Critique of Keynesian Macroeconometrics
11(34)
The Chicago Counter-Revolution and the Sociology of Economic Knowledge
45(28)
The Rise of the Natural-Rate of Unemployment Model
73(18)
Does the Expectations Trap Render the Natural-Rate Model Invalid in the Disinflationary Zone?
91(6)
Language and Inflation
97(14)
Friedman and the Walrasian Equations of the Natural-Rate Counter-Revolution
111(20)
Notes 131(18)
Bibliography 149(28)
Index 177

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