Cambridge Economics in the Post-Keynesian Era: The Eclipse of Heterodox Traditions
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adam_text | Contents 1 of Volume I Cambridge, That Was: The Crucible of Heterodox Economics 1.1 The Narrative 1.2 Evolutions and Revolutions 1.2.1 The Great Banyan ofHeterodox Traditions 1.2.2 Cohorts 1.2.3 The Cambridge Habitat 1.2.4 Which Cambridge? 1.3 Regime Change 1.3.1 The World of Cambridge: Stories Within 1.3.2 Worlds Beyond Cambridge: Neoliberalism at the Gates 1.4 The Dialectic of Competing Paradigms 1.4.1 Laissez-Faire: “Receding at last into the distance” 1.4.2 The Force of Ideas 1.4.3 Opposition Brewing 1.4.4 Evolutions and Hegemonic Incorporation 1.4.5 Ideological: Not the Techniques but the Purposes of Economics 1.4.6 Sociological: Mathematical Whiz-Kids and Ageing Dinosaurs 1.4.7 Beyond Kuhnian Reductionism 1.4.8 Mankiw’s Pendulum 1.4.9 Solow ’s A La Carte Approach 1.4.10 Silos and Trenches 1.4.11 Joan Versus Hahn—History Versus Equilibrium 1.5 Semantics and Pedantics References 1 1 4 4 6 9 11 14 20 22 26 27 29 32 33 36 38 39 40 42 43 46 56 63 xxvii
xxviii CONTENTS OF VOLUME I 2 The Warring Tribes 2.1 A Sanctuary of Sages 2.1.1 2.1.2 2.1.3 Faculty 2.2.1 2.2.2 Class to Community: The Cement of War Community to Conflict: Cement to Sand A Pride of Savage Prima Donnas 2.2 Wars Paradise Lost Fault Lines Within Wynne Godley: No Legacy No Synthesis, No Textbooks—The Samuelson Factor Shifting Student Preferences! “Irrelevance” and Irreverence: Joan and K-Theory Inbred Insularity, Complacency Simultaneities in the Demographic Lifecycle Lack of Internal Group Coherence The Heterodox Camp: No Chairs—Sorry, Standing Room Only A Freak in Intergenerational Transmission, in the Reproduction of Traditions 2.3 Godfathers, Uncles and Nephews: The Gathering Foe 2.3.1 The Trojan Horse: By the Pricking of My Thumbs 2.3.2 Forming the Academy 132 Meanwhile, at the Orthodox Party—A Merry Game ofMusical Chairs 2.3.3 The Chess Master 2.4 The Campaign: How the War Was Lost and Won 2.4.1 The Orthodox Gambit: Capture the External Commanding Heights 2.4.2 CarrotsandCommanders 2.4.3 Modus Operandi: Masters, Mandarins and Interlocking Committees References 3 Worlds Beyond Cambridge: The Global Web of the ‘Neoliberal Thought Collective’ 3.1 Conjunctures 3.1.1 1930s, The Prelude LSE Versus Cambridge Emigré Economists: The Benefactions ofLenin and Hitler 3.1.2 1940s, The Cascade 3.1.3 Keynesianism: Divergent Receptions Post-war Affinity in the UK Post-New Deal Hostility in the USA 69 70 70 76 78 95 102 103 103 104 106 108 111 115 127 128 129 129 136 138 150 150 153 169 172 179 181 181 181 185 191 192 193 193
CONTENTS OF VOLUME І 3.2 Spreading the Word: Messiahs, Messages, Methods 3.2.1 Ideas and Ideologies: Manufacturers and Retailers 3.2.2 USA: Early Ideological Entrepreneurs of Libertarianism Harold Luhnow: The Volker Fund and its Dollars Foundation for Economic Education (FEE) and its Facilitators 3.2.3 Europe: Friedrich Hayek and the Mont Pelerin Society Antecedents Pilgrims Atop a Mountain, Mont Pelerin, Switzerland, April 1947 Financial Sponsors The First Meeting ofMinds Sarcastic Schumpeter, Sceptical Solow, Scathing Samuelson 3.2.4 UK: Antony Fisher, Global Venture Capitalist of Think Tanks 3.3 Branding the Message: The ‘Nobel’ Prize 3.3.1 The Stockholm Connection: Ideological Entrepreneurs 3.3.2 Some Early Awards: Setting the Direction Jan Tinbergen—Ragnar Frisch 1969 Samuelson 1970 Gunnar Myrdal—Friedrich von Hayek 1974 Milton Friedman 1976 3.3.3 Mont Pelerin Society and the ‘Nobel’—A Golden Embrace 3.3.4 Cambridge Heterodoxy? 3.3.5 ‘An Ideological Coup’ 3.4 Reaching Politics: Weaponising the Message 3.4.1 Santiago de Chile: Pinochet the Pioneer Chicago and its Cowboys Thatcher: Romancing Pinochet’s Chile 3.4.2 The White House: Reagan, a Disciple 3.4.3 10 Downing Street: Thatcher, a Devotee More than its Weight in Gold—The Market Price of Symbolic Capital 3.4.4 Pulling Together 3.5 Besieging Cambridge: The Chicago-MIT-LSE Trinity 3.5.1 A Cross-Atlantic Triangle 3.5.2 Diversity ofPractice 3.5.3 Unity of Purpose References ХХІХ 195 195 202 202 210 212 212 218 219 222 227 229 234 235 240 240 241 242 246 249 250 251 253 253 253 257 262 264 269 269 271 271 271 275 285
XXX 4 CONTENTS OF VOLUME I Camp Skirmishes Over Interstitial Spaces: Journals, Seminars, Textbooks 4.1 The Battle of Teruel—The Day before 4.2 Journals 4.2.1 EJ Leaves ‘Home’—The Loss of a Flagship 4.2.2 CJE Arrives—A Forum of One’s Own 4.2.3 Cambridge Economic Policy Review: One Crowded Hour of Glorious Life 4.3 Seminars 4.3.1 Cambridge Economic Club—A Marshallian Precursor: 1884-1890, 1896-І 4.3.2 Political Economy Club: From Keynes to Robertson to Kahn—Dazzling to Dour 4.3.3 The Marshall Society: A Socialisation into Economics and Its Purposes 4.3.4 Piero Sraffa’s Research Students Seminar: A Precocious Nursery 4.3.5 In Retrospect, Austin Robinson on the Cambridge Circus: The Engine Room of The General Theory 4.3.6 Cambridge-LSE Joint Seminar: Jousting Juniors 4.3.7 Kahn’s ‘Secret’ Seminar at King’s: Fires in the Kitchen 4.3.8 The Richard Stone Common Room: Typhoo and Typhoons 4.3.9 Ajit Singh’s Political Economy Seminar at Queens’: Taung Turks 4.3.10 Arestis and Kitson Political Economy Seminar at St. Catherine’s College 4.3.11 Hahn ’s Churchill Seminar: Only Maths and Neoclassicals, Others Beware 4.3.12 Cambridge Growth Project Seminar at DAE 4.3.13 Hahn’s ‘Quaker’ Risk Seminar: The Rising Tide 4.3.14 Matthews’s CLARE Group: The Master’s Lodge of Moderate Practitioners 4.3.15 Lawson—Realism and Social Ontology: Ways of Seeing and Framing 4.4 Textboob 4.4.1 Distant Thunder: Keynes and McCarthy, Tarshis and Samuelson 4.4.2 Lawrence Klein and the Paradox of The Keynesian Revolution Puzzle Ph.D.—At Samuelson’s Feet Cowles Commission—The New Dealers The Keynesian
Revolution.· The Extra Chapter— Klein, Then a Closet Marxisti 295 296 297 297 305 319 322 329 330 334 339 344 345 347 353 356 360 361 362 363 364 367 369 371 377 378 378 379 380
CONTENTS OF VOLUME І Beyond Keynes UMich а-nd McCarthyism Policy to Forecasting Resolution 4.4.3 ‘Death of a Revolutionary Textbook1: Robinson and Eatwell 4.4.4 An ‘Applied Economics1 Textbook That Wasn’t: Joan and Young Friends 4.5 The Battle of Teruel—The Day After Appendix 4.1: First off the Blocks: Mabel Timlin’s Keynesian Economics^ 1942 References 5 The DAE Trilogy Origins and Evolution 5.1.1 Origins 5.1.2 Evolution: Substance and Styles 5.1.3 Foundations of Stone 5.1.4 Reddaway’s Method: Eclectic Development 5.1.5 Godley: Turbulent Times 5.2 End of the Golden Age: The Decade ofDiscontent 5.3 The Trilogy: Discrete Episodes or a Serial Campaign? Appendix 5.1: DAE—Finding a Good Home References 5.1 6 Cambridge Economic Policy Group: Beheading a Turbulent Priest 6.1 Charged Conjuncture 6.1.1 Imbroglios of 1974: Old Versus New Cambridge Versus the Establishment 6.1.2 The Enigma of Kahn 6.1.3 Kaldor: On Radical Policy Implications of New Cambridge, 1976 6.1.4 Cambridge Squabbles: Spillover into Whitehall? 6.1.5 Triggering Crisis: The Pivot of the OPEC Price Hikes 6.1.6 1979: Enter Margaret Thatcher, Right-Wing, Upfront The Case of the Odd Consensus: The Letter by 364 6.1.7 Economists, 1981 Thatcher in the Garage of the Federal Reserve 6.1.8 6.1.9 1981: Brixton Riots, Toxteth Fires: “A Concentration of Hopelessness” 6.1.10 The CEPG: A Thorn in the Thatcher Hide The Bogey of Import Controls and the Spectre of 6.1.11 Bennism ХХХІ 385 386 391 393 394 399 403 403 406 415 415 415 417 420 423 426 430 433 436 437 439 442 442 444 453 456 460 464 466 470 472 474 477
xxxii CONTENTS Oř VOLUME I SSRC and CEPG: Dispensing Instant Injustice 6.2.1 Posner’s Parlour 6.2.2 Posner’s Process 6.3 Epilogue 6.3.1 Vengeance 6.3.2 The Team Scattered 6.3.3 The Model Reincarnated 6.3.4 The Rehabilitation of Wynne 6.3.5 Wynne Godley: ‘My Credo’... 6.3.6 The Pacification of the CEPG Appendix 6.1: Old Cambridge, New Cambridge, 1974: and All the King’s Men 1. Letter WG to RFK 23 May 1974. JVR/ vii/228/3/3 2. Letter NK to RFK 20 May 1974. JVR/ vii/228/3/14-16 3. Letter from RFK and MP to NK 24 May 1974. JVR/vii/228/3/17-20 4. Letter from RFK and MP to NK 28 May 1974. JVR/vii/228/3/24 5. Letter from FC to RFK 29 May 1974. JVR/7/228/3/25 6. Reply from RFK to FC 6 June 1974. JVR/7/228/3/24 7. In the interim, NK replied to RFK and MP. JVR/7/228/3/26 8. Letterfrom NK to RFK. RFK/12/2/132/3 References 6.2 7 484 484 489 493 493 494 496 500 502 505 509 509 509 509 510 510 510 510 511 511 ‘Unintended’ Collateral Damage? The Cambridge Economic Policy Group and the Joseph-Rothschild-Posner SSRC Enquiry, 1982 517 7.1 Joseph—Rothschild—Posner—Godley 518 7.2 The Posner-the-Saviour Narrative 520 7.3 Setting Up the Enquiry 533 7.4 Who Proposed Rothschildi 534 7.5 Rothschild Report Writing Process 537 7.6 The Judgement ofRothschild 539 7.7 Between Draft and Release and Response: Handshakes and Cigars 540 7.8 Did Posner Get Away with Just a Change of Name? 543 7.9 CEPG—Collateral Damage? Or, TrailedDown the River? 548 7.10 The Rothschild Report: Gleanings on Macroeconomic Modelling 550
8 9 CONTENTS OF VOLUME I xxxiii 7.11 Lord Kaldor—Off the Record, Off the Cuff Off the Marki 7.12 Lord Harris’Vitriol 7.13 Catholicity and Independence 7.14 Rothschild’s Last Word 7.15 Joseph’s Last Laugh References 551 555 556 559 560 560 Cambridge Growth Project: Running the Gauntlet 8.1 Rackground and Conjuncture 8.1.1 The Decision 8.2 Substantive Issues 8.2.1 No Innovation? 8.2.2 Catholicity, Turnover and the Value of Disaggregation 8.2.3 Use ofInput-Output Tables 8.2.4 CGP Presence in Policy Debates 8.2.5 Insularity 8.2.6 On Exploiting the Cheap Labour of Graduate Students 8.3 Issues of Procedural Probity 8.3.1 Shifting Goalposts Across Evaluations 8.3.2 Unequal Application of Criterion of Commercial 563 564 566 569 569 Funding 8.3.3 Public Good or Private Resource? 8.3.4 ESRC Ignored CGP Model Performance: Why? 8.3.5 Compromised ‘Independent’Evidence 8.4 Other Concerns 8.4.1 ‘Reds’? 8.4.2 Crowding Out Competitors? 8.4.3 Deadweight Loss ofBuilt-up Intellectual Capital 8.4.4 Gratuitously Offensive: Up Close and Out of Order 8.4.5 The Consortium: ‘Revived Talk of Conspiracy Theory’ 8.4.6 In Defence, a Lone Voice, Overruled 8.5 Epilogue: CGP—Life After Death? . Appendix 8.1: CGP Staff Members, Timeline 1960-1987 Appendix 8.2: Publications of CGP Staff References 577 577 579 580 582 582 582 582 584 The DAE Review 1984-1987: A Four-Year Inquisition 9.1 The Campaign ofAttrition 9.1.1 Occluded Origins 9.1.2 Two Stages, Two Committees 597 598 599 604 569 572 573 574 574 576 576 585 586 587 594 595 596
xxxiv CONTENTS OF VOLUME I The Orthodox Gambit 9.2.1 The Agenda Revealed 9.2.2 The Game Plan: Tour Options Closure Separation Absorption Capture 9.2.3 External Critiques: Collusion as Consultation? 9.3 The Heterodox Defence 9.3.1 Solidarity, Testimonies, Rebuttals 9.3.2 Chinks in the DAE Armour? 9.4 On the Rack: Bleeding the DAE 9.4.1 The Secretary General, The Prince and the Chess Master 9.4.2 The Capture 9.4.3 How it Transpired, Perhaps Not Just by Chance 9.4.4 Checkmate: A Constitutional Coup 9.5 Epilogue Appendix 9.1: DAE Review Committees: Composition and Terms of Reference First Advisory Committee. Constituted: Easter Term 1984; Reported: May 1985 Second Advisory Committee: Constituted: Easter Term 1985; Reported April 1987 Appendix 9.2: Labour Studies Group: Dispersed, Not Defeated References 9.2 607 608 617 617 618 620 623 625 631 633 643 648 654 657 660 670 675 680 680 680 681 687
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adam_txt |
Contents 1 of Volume I Cambridge, That Was: The Crucible of Heterodox Economics 1.1 The Narrative 1.2 Evolutions and Revolutions 1.2.1 The Great Banyan ofHeterodox Traditions 1.2.2 Cohorts 1.2.3 The Cambridge Habitat 1.2.4 Which Cambridge? 1.3 Regime Change 1.3.1 The World of Cambridge: Stories Within 1.3.2 Worlds Beyond Cambridge: Neoliberalism at the Gates 1.4 The Dialectic of Competing Paradigms 1.4.1 Laissez-Faire: “Receding at last into the distance” 1.4.2 The Force of Ideas 1.4.3 Opposition Brewing 1.4.4 Evolutions and Hegemonic Incorporation 1.4.5 Ideological: Not the Techniques but the Purposes of Economics 1.4.6 Sociological: Mathematical Whiz-Kids and Ageing Dinosaurs 1.4.7 Beyond Kuhnian Reductionism 1.4.8 Mankiw’s Pendulum 1.4.9 Solow ’s A La Carte Approach 1.4.10 Silos and Trenches 1.4.11 Joan Versus Hahn—History Versus Equilibrium 1.5 Semantics and Pedantics References 1 1 4 4 6 9 11 14 20 22 26 27 29 32 33 36 38 39 40 42 43 46 56 63 xxvii
xxviii CONTENTS OF VOLUME I 2 The Warring Tribes 2.1 A Sanctuary of Sages 2.1.1 2.1.2 2.1.3 Faculty 2.2.1 2.2.2 Class to Community: The Cement of War Community to Conflict: Cement to Sand A Pride of Savage Prima Donnas 2.2 Wars Paradise Lost Fault Lines Within Wynne Godley: No Legacy No Synthesis, No Textbooks—The Samuelson Factor Shifting Student Preferences! “Irrelevance” and Irreverence: Joan and K-Theory Inbred Insularity, Complacency Simultaneities in the Demographic Lifecycle Lack of Internal Group Coherence The Heterodox Camp: No Chairs—Sorry, Standing Room Only A Freak in Intergenerational Transmission, in the Reproduction of Traditions 2.3 Godfathers, Uncles and Nephews: The Gathering Foe 2.3.1 The Trojan Horse: By the Pricking of My Thumbs 2.3.2 Forming the Academy 132 Meanwhile, at the Orthodox Party—A Merry Game ofMusical Chairs 2.3.3 The Chess Master 2.4 The Campaign: How the War Was Lost and Won 2.4.1 The Orthodox Gambit: Capture the External Commanding Heights 2.4.2 CarrotsandCommanders 2.4.3 Modus Operandi: Masters, Mandarins and Interlocking Committees References 3 Worlds Beyond Cambridge: The Global Web of the ‘Neoliberal Thought Collective’ 3.1 Conjunctures 3.1.1 1930s, The Prelude LSE Versus Cambridge Emigré Economists: The Benefactions ofLenin and Hitler 3.1.2 1940s, The Cascade 3.1.3 Keynesianism: Divergent Receptions Post-war Affinity in the UK Post-New Deal Hostility in the USA 69 70 70 76 78 95 102 103 103 104 106 108 111 115 127 128 129 129 136 138 150 150 153 169 172 179 181 181 181 185 191 192 193 193
CONTENTS OF VOLUME І 3.2 Spreading the Word: Messiahs, Messages, Methods 3.2.1 Ideas and Ideologies: Manufacturers and Retailers 3.2.2 USA: Early Ideological Entrepreneurs of Libertarianism Harold Luhnow: The Volker Fund and its Dollars Foundation for Economic Education (FEE) and its Facilitators 3.2.3 Europe: Friedrich Hayek and the Mont Pelerin Society Antecedents Pilgrims Atop a Mountain, Mont Pelerin, Switzerland, April 1947 Financial Sponsors The First Meeting ofMinds Sarcastic Schumpeter, Sceptical Solow, Scathing Samuelson 3.2.4 UK: Antony Fisher, Global Venture Capitalist of Think Tanks 3.3 Branding the Message: The ‘Nobel’ Prize 3.3.1 The Stockholm Connection: Ideological Entrepreneurs 3.3.2 Some Early Awards: Setting the Direction Jan Tinbergen—Ragnar Frisch 1969 Samuelson 1970 Gunnar Myrdal—Friedrich von Hayek 1974 Milton Friedman 1976 3.3.3 Mont Pelerin Society and the ‘Nobel’—A Golden Embrace 3.3.4 Cambridge Heterodoxy? 3.3.5 ‘An Ideological Coup’ 3.4 Reaching Politics: Weaponising the Message 3.4.1 Santiago de Chile: Pinochet the Pioneer Chicago and its Cowboys Thatcher: Romancing Pinochet’s Chile 3.4.2 The White House: Reagan, a Disciple 3.4.3 10 Downing Street: Thatcher, a Devotee More than its Weight in Gold—The Market Price of Symbolic Capital 3.4.4 Pulling Together 3.5 Besieging Cambridge: The Chicago-MIT-LSE Trinity 3.5.1 A Cross-Atlantic Triangle 3.5.2 Diversity ofPractice 3.5.3 Unity of Purpose References ХХІХ 195 195 202 202 210 212 212 218 219 222 227 229 234 235 240 240 241 242 246 249 250 251 253 253 253 257 262 264 269 269 271 271 271 275 285
XXX 4 CONTENTS OF VOLUME I Camp Skirmishes Over Interstitial Spaces: Journals, Seminars, Textbooks 4.1 The Battle of Teruel—The Day before 4.2 Journals 4.2.1 EJ Leaves ‘Home’—The Loss of a Flagship 4.2.2 CJE Arrives—A Forum of One’s Own 4.2.3 Cambridge Economic Policy Review: One Crowded Hour of Glorious Life 4.3 Seminars 4.3.1 Cambridge Economic Club—A Marshallian Precursor: 1884-1890, 1896-І 4.3.2 Political Economy Club: From Keynes to Robertson to Kahn—Dazzling to Dour 4.3.3 The Marshall Society: A Socialisation into Economics and Its Purposes 4.3.4 Piero Sraffa’s Research Students Seminar: A Precocious Nursery 4.3.5 In Retrospect, Austin Robinson on the Cambridge Circus: The Engine Room of The General Theory 4.3.6 Cambridge-LSE Joint Seminar: Jousting Juniors 4.3.7 Kahn’s ‘Secret’ Seminar at King’s: Fires in the Kitchen 4.3.8 The Richard Stone Common Room: Typhoo and Typhoons 4.3.9 Ajit Singh’s Political Economy Seminar at Queens’: Taung Turks 4.3.10 Arestis and Kitson Political Economy Seminar at St. Catherine’s College 4.3.11 Hahn ’s Churchill Seminar: Only Maths and Neoclassicals, Others Beware 4.3.12 Cambridge Growth Project Seminar at DAE 4.3.13 Hahn’s ‘Quaker’ Risk Seminar: The Rising Tide 4.3.14 Matthews’s CLARE Group: The Master’s Lodge of Moderate Practitioners 4.3.15 Lawson—Realism and Social Ontology: Ways of Seeing and Framing 4.4 Textboob 4.4.1 Distant Thunder: Keynes and McCarthy, Tarshis and Samuelson 4.4.2 Lawrence Klein and the Paradox of The Keynesian Revolution Puzzle Ph.D.—At Samuelson’s Feet Cowles Commission—The New Dealers The Keynesian
Revolution.· The Extra Chapter— Klein, Then a Closet Marxisti 295 296 297 297 305 319 322 329 330 334 339 344 345 347 353 356 360 361 362 363 364 367 369 371 377 378 378 379 380
CONTENTS OF VOLUME І Beyond Keynes UMich а-nd McCarthyism Policy to Forecasting Resolution 4.4.3 ‘Death of a Revolutionary Textbook1: Robinson and Eatwell 4.4.4 An ‘Applied Economics1 Textbook That Wasn’t: Joan and Young Friends 4.5 The Battle of Teruel—The Day After Appendix 4.1: First off the Blocks: Mabel Timlin’s Keynesian Economics^ 1942 References 5 The DAE Trilogy Origins and Evolution 5.1.1 Origins 5.1.2 Evolution: Substance and Styles 5.1.3 Foundations of Stone 5.1.4 Reddaway’s Method: Eclectic Development 5.1.5 Godley: Turbulent Times 5.2 End of the Golden Age: The Decade ofDiscontent 5.3 The Trilogy: Discrete Episodes or a Serial Campaign? Appendix 5.1: DAE—Finding a Good Home References 5.1 6 Cambridge Economic Policy Group: Beheading a Turbulent Priest 6.1 Charged Conjuncture 6.1.1 Imbroglios of 1974: Old Versus New Cambridge Versus the Establishment 6.1.2 The Enigma of Kahn 6.1.3 Kaldor: On Radical Policy Implications of New Cambridge, 1976 6.1.4 Cambridge Squabbles: Spillover into Whitehall? 6.1.5 Triggering Crisis: The Pivot of the OPEC Price Hikes 6.1.6 1979: Enter Margaret Thatcher, Right-Wing, Upfront The Case of the Odd Consensus: The Letter by 364 6.1.7 Economists, 1981 Thatcher in the Garage of the Federal Reserve 6.1.8 6.1.9 1981: Brixton Riots, Toxteth Fires: “A Concentration of Hopelessness” 6.1.10 The CEPG: A Thorn in the Thatcher Hide The Bogey of Import Controls and the Spectre of 6.1.11 Bennism ХХХІ 385 386 391 393 394 399 403 403 406 415 415 415 417 420 423 426 430 433 436 437 439 442 442 444 453 456 460 464 466 470 472 474 477
xxxii CONTENTS Oř VOLUME I SSRC and CEPG: Dispensing Instant Injustice 6.2.1 Posner’s Parlour 6.2.2 Posner’s Process 6.3 Epilogue 6.3.1 Vengeance 6.3.2 The Team Scattered 6.3.3 The Model Reincarnated 6.3.4 The Rehabilitation of Wynne 6.3.5 Wynne Godley: ‘My Credo’. 6.3.6 The Pacification of the CEPG Appendix 6.1: Old Cambridge, New Cambridge, 1974: and All the King’s Men 1. Letter WG to RFK 23 May 1974. JVR/ vii/228/3/3 2. Letter NK to RFK 20 May 1974. JVR/ vii/228/3/14-16 3. Letter from RFK and MP to NK 24 May 1974. JVR/vii/228/3/17-20 4. Letter from RFK and MP to NK 28 May 1974. JVR/vii/228/3/24 5. Letter from FC to RFK 29 May 1974. JVR/7/228/3/25 6. Reply from RFK to FC 6 June 1974. JVR/7/228/3/24 7. In the interim, NK replied to RFK and MP. JVR/7/228/3/26 8. Letterfrom NK to RFK. RFK/12/2/132/3 References 6.2 7 484 484 489 493 493 494 496 500 502 505 509 509 509 509 510 510 510 510 511 511 ‘Unintended’ Collateral Damage? The Cambridge Economic Policy Group and the Joseph-Rothschild-Posner SSRC Enquiry, 1982 517 7.1 Joseph—Rothschild—Posner—Godley 518 7.2 The Posner-the-Saviour Narrative 520 7.3 Setting Up the Enquiry 533 7.4 Who Proposed Rothschildi 534 7.5 Rothschild Report Writing Process 537 7.6 The Judgement ofRothschild 539 7.7 Between Draft and Release and Response: Handshakes and Cigars 540 7.8 Did Posner Get Away with Just a Change of Name? 543 7.9 CEPG—Collateral Damage? Or, TrailedDown the River? 548 7.10 The Rothschild Report: Gleanings on Macroeconomic Modelling 550
8 9 CONTENTS OF VOLUME I xxxiii 7.11 Lord Kaldor—Off the Record, Off the Cuff Off the Marki 7.12 Lord Harris’Vitriol 7.13 Catholicity and Independence 7.14 Rothschild’s Last Word 7.15 Joseph’s Last Laugh References 551 555 556 559 560 560 Cambridge Growth Project: Running the Gauntlet 8.1 Rackground and Conjuncture 8.1.1 The Decision 8.2 Substantive Issues 8.2.1 No Innovation? 8.2.2 Catholicity, Turnover and the Value of Disaggregation 8.2.3 Use ofInput-Output Tables 8.2.4 CGP Presence in Policy Debates 8.2.5 Insularity 8.2.6 On Exploiting the Cheap Labour of Graduate Students 8.3 Issues of Procedural Probity 8.3.1 Shifting Goalposts Across Evaluations 8.3.2 Unequal Application of Criterion of Commercial 563 564 566 569 569 Funding 8.3.3 Public Good or Private Resource? 8.3.4 ESRC Ignored CGP Model Performance: Why? 8.3.5 Compromised ‘Independent’Evidence 8.4 Other Concerns 8.4.1 ‘Reds’? 8.4.2 Crowding Out Competitors? 8.4.3 Deadweight Loss ofBuilt-up Intellectual Capital 8.4.4 Gratuitously Offensive: Up Close and Out of Order 8.4.5 The Consortium: ‘Revived Talk of Conspiracy Theory’ 8.4.6 In Defence, a Lone Voice, Overruled 8.5 Epilogue: CGP—Life After Death? . Appendix 8.1: CGP Staff Members, Timeline 1960-1987 Appendix 8.2: Publications of CGP Staff References 577 577 579 580 582 582 582 582 584 The DAE Review 1984-1987: A Four-Year Inquisition 9.1 The Campaign ofAttrition 9.1.1 Occluded Origins 9.1.2 Two Stages, Two Committees 597 598 599 604 569 572 573 574 574 576 576 585 586 587 594 595 596
xxxiv CONTENTS OF VOLUME I The Orthodox Gambit 9.2.1 The Agenda Revealed 9.2.2 The Game Plan: Tour Options Closure Separation Absorption Capture 9.2.3 External Critiques: Collusion as Consultation? 9.3 The Heterodox Defence 9.3.1 Solidarity, Testimonies, Rebuttals 9.3.2 Chinks in the DAE Armour? 9.4 On the Rack: Bleeding the DAE 9.4.1 The Secretary General, The Prince and the Chess Master 9.4.2 The Capture 9.4.3 How it Transpired, Perhaps Not Just by Chance 9.4.4 Checkmate: A Constitutional Coup 9.5 Epilogue Appendix 9.1: DAE Review Committees: Composition and Terms of Reference First Advisory Committee. Constituted: Easter Term 1984; Reported: May 1985 Second Advisory Committee: Constituted: Easter Term 1985; Reported April 1987 Appendix 9.2: Labour Studies Group: Dispersed, Not Defeated References 9.2 607 608 617 617 618 620 623 625 631 633 643 648 654 657 660 670 675 680 680 680 681 687 |
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id | DE-604.BV048606819 |
illustrated | Not Illustrated |
index_date | 2024-07-03T21:11:08Z |
indexdate | 2024-07-10T09:42:49Z |
institution | BVB |
isbn | 9783030930189 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033982264 |
open_access_boolean | |
publishDate | 2022 |
publishDateSearch | 2022 |
publishDateSort | 2022 |
publisher | Palgrave Macmilian |
record_format | marc |
series2 | Palgrave Studies in the History of Economic Thought |
spelling | Saith, Ashwani Verfasser (DE-588)129803626 aut Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions Ashwani Saith Cham Palgrave Macmilian [2022] © 2022 txt rdacontent n rdamedia nc rdacarrier Palgrave Studies in the History of Economic Thought Erscheint auch als Online-Ausgabe 978-3-030-93019-6 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=033982264&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Saith, Ashwani Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions |
title | Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions |
title_auth | Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions |
title_exact_search | Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions |
title_exact_search_txtP | Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions |
title_full | Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions Ashwani Saith |
title_fullStr | Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions Ashwani Saith |
title_full_unstemmed | Cambridge Economics in the Post-Keynesian Era The Eclipse of Heterodox Traditions Ashwani Saith |
title_short | Cambridge Economics in the Post-Keynesian Era |
title_sort | cambridge economics in the post keynesian era the eclipse of heterodox traditions |
title_sub | The Eclipse of Heterodox Traditions |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=033982264&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT saithashwani cambridgeeconomicsinthepostkeynesianeratheeclipseofheterodoxtraditions |