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Date: | Fri Mar 31 17:18:30 2006 |
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Clarke, Peter. 1988. _The Keynesian Revolution in the Making,
1924-1936_. Oxford: Clarendon Press.
Keynes is probably the most studied economist of the 20th
century, but before this book, historians of economic thought
typically offered the thinnest of historical treatments of Keynes:
typically analysing only Keynes' own writings and then in limited
contexts, often "looking backwards" from later times. The book,
written by an historian, places Keynes in his historical moment.
Clarke convincingly shows that The General Theory had its origins
in the specific conditions obtaining in 1920's Britain. He also shows
how Keynes' relationships and interactions with members of the
Treasury and of the Bank of England shaped his views. It is thus a
lovely piece of history, but also one that has prompted a closer
examination of context in Keynesian scholarship, and thereby in
history of thought in general, a very welcome move indeed.
Bruce J. Caldwell
University of North Carolina, Greensboro
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