Keynes and The Royal Swedish Academy

Rogério Arthmar and Michael McLure
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Rogério Arthmar: Department of Economics, Universidade Federal do Espírito Santo
Michael McLure: Business School, The University of Western Australia, https://www.web.uwa.edu.au/person/michael.mclure

No 17-17, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: This paper examines Keynes's relationship with Gustav Cassel and Eli Hecksher and puts together the events related to him being awarded the 1939 Söderström Gold Medal by The Royal Swedish Academy of Sciences. The correspondence between these economists during the interwar years is detailed, with emphasis on their personal approaches to economic theory and history. Cassel's and Heckscher's critical reviews of Keynes's General Theory are outlined as well. Lastly, an account is provided of the grounds for conferring the award on Keynes while also drawing attention to the conflict-laden proceedings within the Academy when the conferral of the ward was being contemplated. The final remarks ponder why Keynes received the prize in spite of the prevailing controversy within the Swedish School over the General Theory at the time.

Keywords: European reconstruction; purchasing power parity; mercantilism; effective demand; history of science (search for similar items in EconPapers)
Pages: 22
Date: 2017
New Economics Papers: this item is included in nep-his, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:uwa:wpaper:17-17

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