Edited by Robert W. Dimand and Harald Hagemann
Chapter 65: Lorie Tarshis
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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