The revival of laissez-faire in American macroeconomic theory a case study of the pioneers
This book provides the definitive account of this watershed and traces the evolution of laissez-faire using the cases of its proponents, Frank Knight, Henry Simons, Friedrich von Hayek, Milton Friedman, James Buchanan and Robert Lucas. By elucidating the pre-analytical framework of their writings, S...
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| Format: | eBook |
| Language: | English |
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Cheltenham, U.K
Edward Elgar
c2002
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | This book provides the definitive account of this watershed and traces the evolution of laissez-faire using the cases of its proponents, Frank Knight, Henry Simons, Friedrich von Hayek, Milton Friedman, James Buchanan and Robert Lucas. By elucidating the pre-analytical framework of their writings, Sherryl Kasper accounts for the ideological influence of these pioneers on theoretical work, and illustrates that they played a primary role in founding the theoretical and philosophical use of rules as the basis of macroeconomic policy. A case study of the way in which interwar pluralism transcended to postwar neoclassicism is also featured 1. Introduction -- 2. Frank Hyneman Knight, the moral philosopher -- 3. Henry Calvert Simons, author of the blueprint -- 4. Friedrich von Hayek and the Austrian influence -- 5. Milton Friedman and monetarism -- 6. James Buchanan and public choice theory -- 7. Robert E. Lucas -- Jr. and new classical economics -- 8. Conclusion |
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| Physical Description: | viii, 177 p |
| ISBN: | 1840646063 9781840646061 9781843765608 |