Origins of Macroeconomics

Volume 1: The Roots of Modern Macroeconomics

Cambridge

1. Alfred Marshall and Mary Paley Marshall, 'Changes in the Purchasing Power of Money' and 'Market Fluctuations', Economics of Industry, London, Macmillan, 1879, pp. 150-167

2. Herbert S. Foxwell, Irregularity of Employment and Fluctuations of Prices, Edinburgh, Co-Operative Printing Company Ltd., 1886

Vienna, Germany, and Stockholm

3. Knut Wicksell, 'The Influence of the Rate of Interest on Prices,' Economic Journal, 17, June 1907, pp. 213-220

4. Joseph A. Schumpeter, 'The Explanation of the Business Cycle,' Economica, Old Series, 7, December 1927, pp. 286-311

5. Simon Kuznets, 'Monetary Business Cycle Theory in Germany,' Journal of Political Economy, 38, April 1930, pp. 125-163

6. Ludwig M. Lachmann, 'A Reconsideration of the Austrian Theory of Industrial Fluctuations,' Economica, New Series, 7, May 1940, pp. 179-196

7. Ludwig M. Lachmann, 'The Role of Expectations in Economics as a Social Science,' Economica, New Series, 10, February 1943, pp. 12-23

8. Ludwig von Mises, 'Elastic' Expectations and the Austrian Theory of the Trade Cycle,' Economica, New Series, 10, August 1943, pp. 251-252

9. Bertil Ohlin, 'Some Notes on the Stockholm Theory of Savings and Investment, Parts I and II', economic Journal, 47, March 1937, pp. 53-69, and June 1937, pp. 221-240

10. Bertil Ohlin, 'Some Comments on Keynesianism and the Swedish Theory of Expansion Before 1935', in D. Patinkin and J. Clark Leith, eds., Keynes, Cambridge and the General Theory, London, The Macmillan Press, 1977, pp.149-165

11. Bertil Ohlin, 'Stockholm and Cambridge: Four Papers on the Monetary and Employment Theory of the 1930s,' ed. Otto Steiger, History of Political Economy, 13, Summer 1981, pp.189-255

Monetary Heretics

12. William Trufant Foster and Waddill Catchings, 'Business Conditions and Currency Control,' Harvard Business Review, 2, April 1924, pp. 268-281

13. H. T. N. Gaitskell, 'Four Monetary Heretics,' in G. D. H. Cole, ed., What Everyone Wants to Know About Money, London, Victor Gollancz, 1933, pp. 346-413

14. John A. Hobson, 'Underconsumption: An Exposition,' Economica, Old Series,13 November 1933, pp. 402-417

15. E. F. M. Durbin, 'A Reply to Mr. Hobson,' Economica, Old Series, 13, November 1933, pp. 417-425

16. John A. Hobson, 'Underconsumption: A Rejoinder,' Economica, Old Series, 13, November 1933, pp. 425-427

American Monetary Economics (I): Yale

17. Harry Gunnison Brown, 'Typical Commercial Crises Versus a Money Panic,' Yale Review, 19, August 1910, pp. 168-176

18. Harry Gunnison Brown, 'Commercial Banking and the Rate of Interest,' Quarterly Journal of Economics, 24, August 1910, pp. 743-749