Introduction

G. R. Steele
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G. R. Steele: University of Lancaster

Chapter 1 in Monetarism and the Demise of Keynesian Economics, 1989, pp 1-6 from Palgrave Macmillan

Abstract: Abstract Great economists are men of vision: not usually with respect to their originality, but for their success in achieving recognition and acceptance of ideas. Yet, there is a danger; with popularity, profound ideas can be reduced to trivial slogans. Too often grand philosophies are plundered to serve mean interests. In the twentieth century, this has been the fate of the rival philosophies upon which, in varying degree, the conduct of economic policy has been based — Keynesianism and Monetarism.

Keywords: Monetary Expansion; Quantity Theory; Keynesian Economic; Fiscal Expansion; Money Substitute (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-09994-8_1

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