Hawtrey’s Social Philosophy: Welfare and Value

Toshiaki Hirai
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Toshiaki Hirai: Sophia University

Chapter Chapter 15 in Keynes as an Economist, World System Planner and Social Philosopher, 2024, pp 349-368 from Palgrave Macmillan

Abstract: Abstract Hawtrey is, first and foremost, widely known today as an economist in Cambridge, who developed a theory of monetary economic fluctuations. Different from Pigou’s theory focused on psychological factors and Robertson’s one focused on real factors, Hawtrey grasped economic fluctuations as purely monetary phenomenon caused by the behavior of banks. He is also widely known as an economist, who provided the theoretical basis for the so-called Treasury View.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-031-40135-0_15

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DOI: 10.1007/978-3-031-40135-0_15

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