The Crisis of Keynesianism and the Emergent Dominance of the Chicago School and Neo-Liberalism à la Chicago

Roberto Marchionatti

Chapter Chapter 10 in Economic Theory in the Twentieth Century, An Intellectual History—Volume III, 2024, pp 415-418 from Springer

Abstract: Abstract This short final chapter summarizes the picture that emerges from the narrative of the evolution of economy theory in the twenty-five years between the end of World War II and the mid-Seventies, from the consolidation of the new mainstream (in particular in its Harvard-MIT-Cowles version which may be called “Keynesian” because Keynesianism was its analytical and ideological core, that dominated the economic scene for over twenty-five years) until its crisis in the early Seventies. The many intertwined factors which determined that crisis and the emergent dominance of the Chicago School are examined.

Keywords: Keynesian Mainstream Crisis; Keynesian Consensus Crisis; F. Modigliani; Chicago Economics; Neoliberalism (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-50222-4_10

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DOI: 10.1007/978-3-031-50222-4_10

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