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Cambridge economics in the post-Keynesian era : the eclipse of heterodox traditions / Ashwani Saith.

9783030930196 (electronic bk.)
303093019X (electronic bk.)
9783030930189
3030930181

Cham : Palgrave Macmillan, [2022]

©2022

English

1 online resource (xxxix, 1188 pages : illustrations).

10.1007/978-3-030-93019-6 doi

HB74.9.G7 S25 2022eb

330.0711426/59

Using fresh archival materials, personal accounts and interviews, this meticulously researched book chronicles the untold story of the eclipse of diverse revolutionary heterodox and Keynesian intellectual traditions rooted and nurtured in Cambridge since the 1920s, and the rise to hegemony of orthodox, mainstream economics. It investigates both internal fault lines within the faculty, and the power of external ideological and political forces released by the global dominance of neoliberalism. Also expunged in the neoclassical counter-revolution were the structural and radical policy-oriented macroeconomic modelling teams of the iconic Department of Applied Economics, alongside the atrophy of sociology, development studies and economic history from the self-purifying faculty. This book addresses researchers in the history of economic thought, sociology of knowledge, political economy, especially heterodox and post-Keynesian economics, and anyone wishing to make economics fit for public purpose again for negotiating the multiple crises rampant at national and global levels. Ashwani Saith is an Emeritus Professor, International Institute of Social Studies, Erasmus University Rotterdam, and former Professor & Director, Development Studies Institute, London School of Economics.

Includes bibliographical references and indexes.

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Description based on print version record.

Palgrave studies in the history of economic thought series.

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