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Three macroeconomic syntheses of vintage 1937: Hicks, Haberler, and Lundberg

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  • Hans-Michael Trautwein

Abstract

The 1920s and 1930s were years of intensive debate about economic dynamics and stabilisation policies. There was a large variety of explanations of cycles and depressions, and Keynes' General Theory of Employment, Interest and Money (1936) was pitched against them. In 1937, followed three different attempts to provide synthetic expositions of macroeconomic theory that would deal with the Keynesian challenge: Hicks' Mr. Keynes and the "Classics" , Haberler's Prosperity and Depression , and Lundberg's Studies in the Theory of Economic Expansion . This paper compares those 1937 syntheses and contrasts them with the "Neoclassical Synthesis" and the current "New Neoclassical Synthesis".

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  • Hans-Michael Trautwein, 2014. "Three macroeconomic syntheses of vintage 1937: Hicks, Haberler, and Lundberg," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(5), pages 839-870, October.
    • Handle: RePEc:taf:eujhet:v:21:y:2014:i:5:p:839-870
    DOI: 10.1080/09672567.2013.873944
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    1. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
    2. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739.
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    Cited by:

    1. Gräbner, Claudius, 2016. "From realism to instrumentalism - and back? Methodological implications of changes in the epistemology of economics," MPRA Paper 71933, University Library of Munich, Germany.

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