The Development of Cambridge Monetary Thought 1870–1935

Michael S. Lawlor
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Michael S. Lawlor: Wake Forest University

Chapter 11 in The Economics of Keynes in Historical Context, 2006, pp 155-177 from Palgrave Macmillan

Abstract: Abstract It would be extremely misleading to suggest that no economists before Keynes had considered the issues surrounding the demand for money; its relation to speculation; the interest rate and employment; and the savings and investment nexus that are now considered part and parcel of his, and all, macroeconomics. In fact not only was economics in general rife with such discussions in the first three decades of the twentieth century (Haberler, 1937; Saulnier, 1938; Laidler, 1991, 1999), but contributions from Cambridge economists were an important part of this debate, (Robertson, 1940; Eshag, 1963; Shackle, 1967, Patinkin, 1976, 1982; Presley, 1979; Leijonhufvud, 1981; Bridel, 1987). Moreover both of these literatures have been well documented.1

Keywords: Interest Rate; Business Cycle; Money Demand; Bank Lending; Effective Demand (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28877-5_11

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DOI: 10.1057/9780230288775_11

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