New Perspectives on Keynes (1995)

New Perspectives on Keynes. 1995. Edited by Allin F. Cottrell and Michael S. Lawlor. Supplement to volume 27 of HOPE. Durham, NC: Duke University Press.

"Introduction," by Allin F. Cottrell and Michael S. Lawlor (pp. 1–5). The papers collected here display and further promote one noteworthy aspect of the Keynes literature: its emerging cross-disciplinary nature.

"Keynes as a Philosopher," by Henry E. Kyburg Jr. (pp. 7–32). Keynes was a serious logician, and for him the theory of probability is not a theory about beliefs, and not even, directly, about rational beliefs, but about logical import.

Comment on Kyburg, by Jochen Runde (pp. 33–38)

"Jeffreys, Fisher, and Keynes: Predicting the Third Observation, Given the First Two," by Teddy Seidenfeld (pp. 39–52). From 1932 through 1934, the Proceedings of the Royal Society of London was the setting for an exchange between Harold Jeffreys and Ronald Fisher about their views on the foundations of statistical inference, with Jeffreys and Fisher attempting to co-opt Keynes's theory.

Comment on Seidenfeld, by Gregory Lilly (pp. 53–60)

"An Unfortunate Alliance: Keynesianism and the Conservatives, 1945–1964," by Jim Tomlinson (pp. 61–85). Much of the existing literature both exaggerates Keynes and Keynesianism’s overall impact and plays down the negative impact on British economic policy.

Comment on Tomlinson, by D. E. Moggridge (pp. 87–91)

"Keynes on Aesthetics," by Rod O'Donnell (pp. 93–121). Working within a Moorean objectivist framework, Keynes sought to extend his modified version of Moore’s ethics to the cognate realm of aesthetics, with his main contribution being the invention and articulation of the concept of "fitness."

Comment on O'Donnell, by John B. Davis (pp. 123–27)

"Keynes and Marshall: Methodology, Society, and Politics," by Peter Groenewegen (pp. 129–55). A wider look at Marshall’s influences on the system of thought developed by his most outstanding pupil may pay considerable dividends in the interpretation of Keynes’s thought.

Comment on Groenewegen, by A. W. Coats (pp. 157–61)

"Keynes: An Archivist's View," by Jacqueline Cox (pp. 163–75). The Keynes Collection at King’s College is certainly the largest in the library’s Modern Archive Centre, as well as the most heavily used, attracting the widest variety of scholars.

Comment on Cox, by Michael S. Lawlor (pp. 177–81)

"After the Revolution: Paul Samuelson and the Textbook Keynesian Model," by Kerry A. Pearce and Kevin D. Hoover (pp. 183–216). On offer here is a history of the normal science embodied in the Keynesian economic model in principles textbooks, especially Samuelson's, since World War II.

Comment on Pearce and Hoover, by Allin F. Cottrell (pp. 217–22)

"The Diffusion of the Keynesian Revolution: The Young and Graduate Schools," by D. E. Moggridge (pp. 223–41). What might be called the Keynes/Schumpeter hypothesis of “the young who have not been properly brought up” or have been defectively trained does not seem to be well sustained.

Comment on Moggridge, by William A. Darity Jr. (pp. 243–46)

"Irving Fisher, J. M. Keynes, and the Transition to Modern Macroeconomics," by Robert W. Dimand (pp. 247–66). Fisher contributed many important things to macroeconomics, but Keynes provided in The General Theory a grand synthesis and a framework in which to think about output, employment, and coordination.

Comment on Dimand, by David Laidler (pp. 267–71). Keynes was aware of at least some of Fisher’s work, but the common elements among their ideas owe more to a common origin in neoclassical, and more specifically Marshallian, monetary economics than to an influence running from Fisher to Keynes.