Patrick Deutscher’s scientific contributions

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Publications (1)


R. G. Hawtrey and the Development of Macroeconomics
  • Book

January 1990

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42 Reads

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67 Citations

Patrick Deutscher

Part 1 The economics of money and cycles in 1913 - an overview: the 19th century tradition Fisher Wesley Clair Mitchell and the trade cycle Wicksell Marshall and his pupils - Keynes' early views, Pigou the Cunliffe report the minority report of the Poor Law Commission. Part 2 Hawtrey's economics: a terminological introduction the dealer the role of banks the demand for money Hawtrey on the Gold Standard international trade and finance interest, profit and capital macroeconomic fluctuations. Part 3 Hawtrey and Keynes - before the "General Theory": pre-Treatise exchanges Hawtrey and the Treatise the impact of Hawtrey's criticisms post-Treatise developments breaking away from the Treatise. Part 4 Hawtrey and Keynes - "The General Theory": the transition "The General Theory" reaction to the 1935 drafts the revised proofs after the general theory some post-General Theory policy questions. Part 5 Hawtrey and Robertson: early work the early 20s - more scope for money new directions saving and hoarding, income nad outlay capital and employment Robertson's assessment. Part 6 Reactions to Hawtrey's economics in the interwar period: citations responses to Hawtrey empirical tests contemporary reactions to Hawtrey's criticisms of Keynes after the revolution.

Citations (1)


... There is a parallel between Snyder's position at the New York Fed as a resident intellectual with declining policy influence and the situation in the 1920s of another proponent of a monetary theory of the trade cycle, Ralph Hawtrey, director of Financial Enquiries at the British Treasury. On Hawtrey's trade cycle theory, see Deutscher (1990) and Laidler (1993). technique … for which it deserves the highest admiration." 9 Snyder was a Fellow of the American Association for Advancement of Science, a Fellow of the American Academy of Arts and Letters, and a member of the Institut Internationale de Statistique. ...

Reference:

CARL SNYDER, THE REAL BILLS DOCTRINE, AND THE NEW YORK FED IN THE GREAT DEPRESSION
R. G. Hawtrey and the Development of Macroeconomics
  • Citing Book
  • January 1990