Economists and the British Economy

Alan Walters

Chapter 6 in Explorations in Economic Liberalism, 1996, pp 103-125 from Palgrave Macmillan

Abstract: Abstract In the late 1950s and early 1960s only a handful of British economists — for the most part associated with the IEA — began to swim against the mainstream of conventional wisdom of Cambridge, National Institute (NIESR), Treasury and Bank of England establishment. At first, the establishment ignored them — expecting, I suppose, that they would become weary once more and rejoin the mainstream. But the IEA went on its way. And the obloquy was poured in full measure: jejune, Neanderthal, antediluvian — ultimately becoming Selsdon man.1

Keywords: Money Supply; Government Spending; Import Price; Phillips Curve; Consumption Function (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-24967-1_6

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