This collection is a tribute to a most faithful, true Keynesian, who read, thought, dreamt and promoted Keynes: Lorie Tarshis (1911-1993). This volume is focused on the important role of Lorie Tarshis's brand of Keynesianism on the effect of the Keynesian revolution on economic thought in America.
Tarshis was among the first to form part of Keynes's select `circus', not only witnessing, but actually participating in the making of The General Theory. This memorial includes new reflections on the impact of Keynesianism in the making by many of the eminent early generations of American post-war economists, Galbraith, Goodwin, Kindleberger, Samuelson, Salant, Tobin and Perlman. While their contributions shed more light on how the participants in the process, Tarshis included, effected early Keynesianism, the volume also contains contributions by those such as Moggridge and McQueen who reflect on aspects of the process from greater distance. Holzman and Reder recount Lorie Tarshis's subtle contribution and its direct impact and reverberations are reflected upon in the balance of the chapters by Colander, Dimand, Dow, Grimard, McCann and Perlman, and Parker.
This book will be of great interest to scholars interested in the history of economic thought and Keynesian economics.
Edited by O.F. Hamouda, Associate Professor, Department of Economics and Betsey B. Price, Professor, Department of History, York University, Canada
Contents: Introduction Part I: Introductory Comments 1. Lorie Tarshis: a brief memoir 2. How Keynes came to America 3. The diffusion of the Keynesian revolution 4. Harvard's Fiscal Policy Seminar Part II: Introductory Extracts 5. Lorie Tarshis: an early Keynesian herald in America 6. Requiem for the classic Tarshis textbook that first brought Keynes to introductory economics 7. Political influence on the textbook Keynesian revolution 8. Lorie Tarshis, Left Wing Keynesian Part III: Introductory Extracts 9. Another Canadian Keynesian 10. Keynes, Tarshis, real and money wages, and employment 11. Keynesian monetary theory and the debt crisis 12. A case against muddling through Part IV: Introductory Comments 13. Caveat emptor, investor, depositor 14. On Keynes and Ramsey on probability 15. Keynesian economics and the meaning of uncertainty Bibliography