Review of Keynes, Keynesians and Monetarism

Tim Congdon, Keynes, Keynesians and Monetarism, Edward Elgar, 360 pages.

The post-war disputes over economic theory and policy were ferocious, even by the standards of academia. As Tim Congdon was a leading exponent of the monetarist side, his views on the history and resolution of the battles are of great interest and provide a common theme to this collection of clear and persuasive essays. The author divides the postwar era into three periods. The first, which he calls "Stop/Go" lasted from

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