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 65: Lorie Tarshis

Robert W. Dimand

Abstract

Lorie Tarshis, a Canadian who attended (and kept his notes on) four annual series of Keynes’s lectures from 1932 to 1935, presented empirical evidence casting doubt on Keynes’s belief that real and money wages typically moved in opposite directions over the course of the business cycle (that is, that real wages are counter-cyclical). In 1947 he published the first Keynesian textbook in North America, attracting fierce attacks from conservatives. After a distinguished career teaching at Tufts and Stanford, Tarshis returned to Canada to the University of Toronto, the Ontario Economic Council and York University, and was an influential Keynesian and Post-Keynesian voice in Canadian economics.

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