© 1993

A Critique of Keynesian Economics

  • Walter Allan

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Don Patinkin
    Pages 1-57
  3. Leland B. Yeager
    Pages 59-71
  4. Karl Brunner
    Pages 73-79
  5. Axel Leijonhufvud
    Pages 81-114
  6. Terence W. Hutchison
    Pages 115-153
  7. Patrick Minford
    Pages 155-167
  8. S. C. Littlechild
    Pages 169-224
  9. Back Matter
    Pages 225-247

About this book


'All of us need help in understanding Keynes's brilliant, but often opaque, contributions to theory and policy. These essays provide a scholarly, balanced yet provocative assessment and critique.' Sir Alan Walters This book represents, for the first time a collection of classic appraisals of Keynesian economics' impact on economic theory and policy that will be of use to all students of macroeconomics and the history of economic thought. Don Patinkin's assesses Keynes early life and focuses attention on Keynes's contribution to monetary economics. Axel Leijonhufvud takes the view that the Keynesian revolution began and stayed on the wrong track. Leland Yeager refutes the idea that Keynesian economics was responsible for the general prosperity in the industrialised world immediately after the Second World War. Karl Brunner is critical of Keynes's reliance on fiscal rather than monetary policy. Terence Hutchison defends Keynes, both against his critics and against Keynesians! Patrick Minford traces the roots of neoclassical economics, back to The General Theory. Stephen Littlechild offers an alternative to Keynesian economics by focusing attention on the Austrian school.


History of Economic Thought John Maynard Keynes Keynes macroeconomics monetary economics monetary policy

Editors and affiliations

  • Walter Allan
    • 1
  1. 1.Institute of Economic AffairsLondonUK

Bibliographic information