The Power of Economic Ideas
Economics, Keynes once wrote, can be a 'very dangerous science'. Sometimes, though, it can be moulded to further the common good though it might need a leap in mental outlook, a whole new zeitgeist to be able do do. This book is about a transformation in Australian economists' thought and ideas duri...
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| বিন্যাস: | Online |
| ভাষা: | ইংরেজি |
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ANU Press
2023
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| বিষয়গুলি: | |
| অনলাইন ব্যবহার করুন: | ONIX_20231005_9781921666278_2014 |
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| _version_ | 1869516078794670080 |
|---|---|
| author | Millmow, Alex |
| author_browse | Millmow, Alex |
| author_facet | Millmow, Alex |
| author_sort | Millmow, Alex |
| collection | Directory of Open Access Books |
| description | Economics, Keynes once wrote, can be a 'very dangerous science'. Sometimes, though, it can be moulded to further the common good though it might need a leap in mental outlook, a whole new zeitgeist to be able do do. This book is about a transformation in Australian economists' thought and ideas during the interwar period. It focuses upon the interplay between economic ideas, players and policy sometimes in the public arena. In a decade marked by depression, recovery and international political turbulence Australian economists moved from a classical orthodox economic position to that of a cautious Keynesianism by 1939. We look at how a small collective of economists tried to influence policy-making in the nineteen-thirties. Economists felt obliged to seek changes to the parameters as economic conditions altered but, more importantly, as their insights about economic management changed. There are three related themes that underscore this book. Firstly, the professionalisation of Australian economics took a gigantic leap in this period, aided in part, by the adverse circumstances confronting the economy but also by the aspirations economists held for their discipline. A second theme relates to the rather unflattering reputation foisted upon interwar economists after 1945. That transition underlies a third theme of this book, namely, how Australian economists were emboldened by Keynes's General Theory to confidently push for greater management of economic activity. By 1939 Australian economists conceptualized from a new theoretic framework and from one which they advanced comment and policy advice. This book therefore will rehabilitate the works of Australian interwar economists, arguing that they not only had an enviable international reputation but also facilitated the acceptance of Keynes's General Theory among policymakers before most of their counterparts elsewhere. |
| format | Online |
| id | doab-20.500.12854ir-116303 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | ANU Press |
| publisherStr | ANU Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1163032024-03-30T02:53:45Z The Power of Economic Ideas Millmow, Alex Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy Economics, Keynes once wrote, can be a 'very dangerous science'. Sometimes, though, it can be moulded to further the common good though it might need a leap in mental outlook, a whole new zeitgeist to be able do do. This book is about a transformation in Australian economists' thought and ideas during the interwar period. It focuses upon the interplay between economic ideas, players and policy sometimes in the public arena. In a decade marked by depression, recovery and international political turbulence Australian economists moved from a classical orthodox economic position to that of a cautious Keynesianism by 1939. We look at how a small collective of economists tried to influence policy-making in the nineteen-thirties. Economists felt obliged to seek changes to the parameters as economic conditions altered but, more importantly, as their insights about economic management changed. There are three related themes that underscore this book. Firstly, the professionalisation of Australian economics took a gigantic leap in this period, aided in part, by the adverse circumstances confronting the economy but also by the aspirations economists held for their discipline. A second theme relates to the rather unflattering reputation foisted upon interwar economists after 1945. That transition underlies a third theme of this book, namely, how Australian economists were emboldened by Keynes's General Theory to confidently push for greater management of economic activity. By 1939 Australian economists conceptualized from a new theoretic framework and from one which they advanced comment and policy advice. This book therefore will rehabilitate the works of Australian interwar economists, arguing that they not only had an enviable international reputation but also facilitated the acceptance of Keynes's General Theory among policymakers before most of their counterparts elsewhere. 2023-10-05T11:01:07Z 2023-10-05T11:01:07Z 2010 book ONIX_20231005_9781921666278_2014 9781921666278 9781921666261 https://directory.doabooks.org/handle/20.500.12854/116303 eng image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://www.jstor.org/stable/10.2307/j.ctt24hdkx ANU Press 10.2307/j.ctt24hdkx 10.2307/j.ctt24hdkx 975ba519-3ce2-4517-95bf-b847729fbcf1 9781921666278 9781921666261 open access |
| spellingShingle | Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy Millmow, Alex The Power of Economic Ideas |
| title | The Power of Economic Ideas |
| title_full | The Power of Economic Ideas |
| title_fullStr | The Power of Economic Ideas |
| title_full_unstemmed | The Power of Economic Ideas |
| title_short | The Power of Economic Ideas |
| title_sort | power of economic ideas |
| topic | Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy |
| topic_facet | Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCC Microeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy |
| url | ONIX_20231005_9781921666278_2014 |
| work_keys_str_mv | AT millmowalex thepowerofeconomicideas AT millmowalex powerofeconomicideas |