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Date: | Fri Mar 31 17:18:21 2006 |
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================= HES POSTING =================
Nobel Prize winning economist John Hicks writes:
"The shift in attention, in the work of Keynes, is well known; from
the _Treatise_ of 1930, which in essence was a theory of prices, or price-
levels, to the _General Theory_ of 1936, which was a theory of employment.
It is not well known that it is matched by a movement from Hayek to
Harrod. I once asked Harrod what had put him on to the construction of
his so-called 'dynamic' theory; he said, to my surprise, that it was
thinking about Hayek." (John Hicks, "Are There Economic Cycles?", In
_Money, Interest and Wages_, pp. 340-341. Cambridge: Harvard U. Press)
Can anyone supply me the context for Hicks' remarks on Harrod and Hayek?
Greg Ransom
Dept. of Philosophy
UC-Riverside
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