IDEAS home Printed from https://ideas.repec.org/a/wea/econth/v3y2014i2p1.html

J.M. Keynes, F.A. Hayek and the Common Reader

Author

Listed:
  • Constantinos Repapis

    (Institute of Management Studies, Goldsmiths, University of London, UK)

Abstract

This paper gives an account of the debate between F.A. Hayek and J.M. Keynes in the 1930s written for the general public. The purpose of this is twofold. First, to provide the general reader with a narrative of what happened, and pointers to further reading which are accessible to the non-specialist. Second, to discuss how academics can fruitfully bridge the gap between their specialist work and the public without reducing complex themes into one-dimensional narratives. I use the Keynes vs. Hayek debate as a case study on how this may be achieved.

Suggested Citation

  • Constantinos Repapis, 2014. "J.M. Keynes, F.A. Hayek and the Common Reader," Economic Thought, World Economics Association, vol. 3(2), pages 1-1, September.
    • Handle: RePEc:wea:econth:v:3:y:2014:i:2:p:1
    as

    Download full text from publisher

    File URL: http://et.worldeconomicsassociation.org/papers/j-m-keynes-f-a-hayek-and-the-common-reader/
    Download Restriction: no
    File URL: http://et.worldeconomicsassociation.org/files/WEA-ET-3-2-Repapis.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Keynes,John Maynard, 2012. "The Collected Writings of John Maynard Keynes," Cambridge Books, Cambridge University Press, number 9781107658066 edited by Johnson,Elizabeth & Moggridge,Donald, August.
    2. White,Lawrence H., 2012. "The Clash of Economic Ideas," Cambridge Books, Cambridge University Press, number 9781107012424, August.
    3. Jordi Galí, 2008. "Introduction to Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework," Introductory Chapters, in: Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.
    4. repec:ucp:bkecon:9780226320649 is not listed on IDEAS
    5. repec:nos:voprec:y:2006:id:1748 is not listed on IDEAS
    6. Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, August.
    7. Vaughn,Karen I., 1998. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521637657, August.
    8. Harcourt,G. C., 2008. "The Structure of Post-Keynesian Economics," Cambridge Books, Cambridge University Press, number 9780521067539, August.
    9. Hayek, F. A., 2010. "Studies on the Abuse and Decline of Reason," University of Chicago Press Economics Books, University of Chicago Press, number 9780226321097 edited by Caldwell, Bruce, August.
    10. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    11. repec:ucp:bkecon:9780226320670 is not listed on IDEAS
    12. Roger E. Backhouse, 2012. "Economics is a serious and difficult subject," Journal of Economic Methodology, Taylor & Francis Journals, vol. 19(3), pages 231-241, September.
    13. Hayek, F. A., 2011. "The Constitution of Liberty," University of Chicago Press Economics Books, University of Chicago Press, number 9780226315379 edited by Hamowy, Ronald, August.
    14. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
    15. Moggridge, D E, 1992. "The," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 207-209, Summer.
    16. Skidelsky, Robert, 2010. "Keynes: A Very Short Introduction," OUP Catalogue, Oxford University Press, number 9780199591640.
    17. repec:ucp:bkecon:9780226089553 is not listed on IDEAS
    18. R. Skidelsky., 2006. "Hayek versus Keynes: The Road to Reconciliation," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    19. Colander,David C. & Coats,Alfred William (ed.), 1993. "The Spread of Economic Ideas," Cambridge Books, Cambridge University Press, number 9780521446501, August.
    20. Hayek, F. A., 1997. "Socialism and War," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320588 edited by Caldwell, Bruce, August.
    21. Marc Lavoie, 2009. "Introduction to Post-Keynesian Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-23548-9, June.
    22. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739, August.
    23. Hayek, F. A., 2010. "Studies on the Abuse and Decline of Reason," University of Chicago Press Economics Books, University of Chicago Press, number 9780226321127 edited by Caldwell, Bruce, Febrero.
    24. Jean-Baptiste Fleury, 2012. "The evolving notion of relevance: an historical perspective to the ‘economics made fun’ movement," Journal of Economic Methodology, Taylor & Francis Journals, vol. 19(3), pages 303-316, September.
    25. Nicolo De Vecchi, 2006. "Hayek and the General Theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(2), pages 233-258.
    26. Burgin, Angus, 2012. "The Great Persuasion: Reinventing Free Markets since the Depression," Economics Books, Harvard University Press, number 9780674058132, march.
    27. Michaël Assous & Muriel Dal Pont Legrand & Harald Hagemann, 2016. "Business cycles and growth," Chapters, in: Gilbert Faccarello & Heinz D. Kurz (ed.), Handbook on the History of Economic Analysis Volume III, chapter 4, pages 27-39, Edward Elgar Publishing.
    28. N. Emrah Aydinonat, 2012. "The two images of economics: why the fun disappears when difficult questions are at stake?," Journal of Economic Methodology, Taylor & Francis Journals, vol. 19(3), pages 243-258, September.
    29. Craufurd Goodwin & Kevin D. Hoover & E. Roy Weintraub & Bruce Caldwell, 2010. "John Maynard Keynes of Bloomsbury: Four Short Talks," Working Papers 10-24, Duke University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stefan Kolev & Nils Goldschmidt & Jan-Otmar Hesse, 2020. "Debating liberalism: Walter Eucken, F. A. Hayek and the early history of the Mont Pèlerin Society," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 433-463, December.
    2. Bruce Caldwell & Leonidas Montes, 2015. "Friedrich Hayek and his visits to Chile," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(3), pages 261-309, September.
    3. Bruce Caldwell, 2020. "The Road to Serfdom after 75 Years," Journal of Economic Literature, American Economic Association, vol. 58(3), pages 720-748, September.
    4. Kolev, Stefan, 2021. "When liberty presupposes order: F. A. Hayek's learning ordoliberalism," Freiburg Discussion Papers on Constitutional Economics 21/2, Walter Eucken Institut e.V..
    5. Alessandro Roncaglia, 2014. "Keynes is alive and well: a survey article," PSL Quarterly Review, Economia civile, vol. 67(268), pages 105-124.
    6. Mark Nolan, 2013. "Hayek’s 1945 Finlay Memorial Lecture: Tracing the origins and evolution of his ‘true’ individualism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(1), pages 53-71, March.
    7. Vanberg, Viktor J., 2016. "Social contract vs. invisible hand: Agreeing to solve social dilemmas," Freiburg Discussion Papers on Constitutional Economics 16/04, Walter Eucken Institut e.V..
    8. Anna B. Faria & J. Robert Subrick, 2022. "Brazil’s road to serfdom," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(2), pages 143-161, June.
    9. Kolev, Stefan & Goldschmidt, Nils & Hesse, Jan-Otmar, 2014. "Walter Eucken's role in the early history of the Mont Pèlerin Society," Freiburg Discussion Papers on Constitutional Economics 14/02, Walter Eucken Institut e.V..
    10. Kolev Stefan, 2015. "Two interactive masterminds: Hayek′s fluctuating fascination for John Stuart Mill′s system of thought," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 66(1), pages 387-396, January.
    11. Vincent Carret, 2022. "Jacques Rueff, Friedrich Hayek, and the Emergence of Economic Order: the Case of the European Coal and Steel Community," Working Papers halshs-03824688, HAL.
    12. Richard M. Ebeling, 2014. "Hayek and Mises," Chapters, in: Roger W. Garrison & Norman Barry (ed.), Elgar Companion to Hayekian Economics, chapter 7, pages 138-164, Edward Elgar Publishing.
    13. Niclas Berggren, 2009. "Choosing one’s own informal institutions: on Hayek’s critique of Keynes’s immoralism," Constitutional Political Economy, Springer, vol. 20(2), pages 139-159, June.
    14. T. Gerasimos S. & V. Erotokritos & Т. Герасимос С. & В. Эротокритос, 2017. "Предварительный поведенческий подход в таргетированию реальных доходов // A Tentative Behavioral Approach to Real Income Targeting," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(1), pages 17-31.
    15. Carlson, Benny & Jonung, Lars, 2019. ""Too Bad to Be True". Swedish Economists on Keynes's 'The Economic Consequences of the Peace, 1919-1929'," Working Papers 2019:16, Lund University, Department of Economics.
    16. Vanberg, Viktor J., 2021. "Review of “F.A.Hayek and the Epistemology of Politics – The Curious Task of Economics” by Scott Scheall," OSF Preprints gjv7r, Center for Open Science.
    17. Nabamita Dutta & Russell S. Sobel & Adam Stivers & Thor Lienhard, 2025. "Opportunity and necessity entrepreneurship: do linguistic structures matter?," Small Business Economics, Springer, vol. 64(4), pages 1981-2012, April.
    18. Roger E. Backhouse, 2014. "Hayek and Keynes," Chapters, in: Roger W. Garrison & Norman Barry (ed.), Elgar Companion to Hayekian Economics, chapter 5, pages 94-115, Edward Elgar Publishing.
    19. Lars Jonung, 2022. "Why was Keynes not awarded the Nobel Peace Prize after writing The Economic Consequences of the Peace?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(2), pages 396-419, April.
    20. Anna M. Carabelli & Mario A. Cedrini, 2014. "Keynes's General Theory , Treatise on Money and Tract on Monetary Reform : different theories, same methodological approach?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(6), pages 1060-1084, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wea:econth:v:3:y:2014:i:2:p:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jake McMurchie (email available below). General contact details of provider: https://edirc.repec.org/data/worecea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.