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Roger E. Backhouse

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Roger E. Backhouse

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Roger E. Backhouse

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On progress and the history of economic thought

Knowledge, Truth and the History of Economic Thought

Roger E. Backhouse

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Roger E. Backhouse

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Roger E. Backhouse

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Roger E. Backhouse

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Roger E. Backhouse

Alvin Harvey Hansen (1887–1975) was a business cycle theorist who, in the late 1930s, became one of the leading exponents of Keynesian thinking, seeing the Keynes’s multiplier as providing a missing link in his earlier, dynamic theory of the cycle. After moving from Minnesota to Harvard in 1937, together with John Williams, he ran the Fiscal Policy Seminar, which was an important forum in which young economists debated Keynesian ideas. His Guide to Keynes offered the canonical statement of what became known as the IS–LM model.

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Roger E. Backhouse

Paul Anthony Samuelson (1915–2009) is widely recognized as one of the leading Keynesian economists in the decades after the Second World War, working alongside his MIT colleagues Robert Solow and Franco Modigliani. He helped develop the Keynesian theory in the 1940s; he helped propagate the theory through his textbook, Economics: An Introductory Analysis; with Robert Solow he popularized the idea of the Phillips curve; and he was one of the main advisers to the Kennedy administration.

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Roger E. Backhouse