The Elgar Companion to John Maynard Keynes
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The Elgar Companion to John Maynard Keynes

Edited by Robert W. Dimand and Harald Hagemann

The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy.
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Chapter 60: Richard Ferdinand Kahn

Maria Cristina Marcuzzo


Of all academic economists, Kahn was the closest to Keynes and was a major protagonist in the Keynesian revolution, and after Keynes’s death Kahn – often in partnership with Joan Robinson – was one of the main pillars in the defence, propagation and extension of Keynesian ideas. He made contributions which secured him a prominent place in the history of economics in the areas of imperfect competition, the theory of employment and monetary and international economics. However, Kahn was not just an academic economist, but had concrete experience as an economic adviser to and an executive director of big organizations, such as the Middle East Supply Centre in the early 1940s and the United Nations Conference on Trade and Development (UNCTAD) in the 1960s. Near the end of his life he dedicated his efforts as a theoretical economist, academic and member of the House of Lords to demolishing the “mystique” of monetarism and building an alternative institutional framework on “Keynesian” foundations.

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