From Keynes to Piketty The Century that Shook Up Economics
From Keynes to Piketty provides the reader with an accessible and entertaining insight into the development of economic thought over the past century. Starting with John Maynard Keynes's bestseller, The Economic Consequences of Peace (1919)
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PETER DE HAAN
From Keynes to Piketty
Peter de Haan
From Keynes to Piketty The Century that Shook Up Economics
Peter de Haan
ISBN 978-1-137-60001-1 ISBN 978-1-137-60002-8 DOI 10.1057/978-1-137-60002-8
(eBook)
Library of Congress Control Number: 2016936105 © The Editor(s) (if applicable) and The Author(s) 2016 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. London
To Marisales
Preface
Sometime ago I read an obituary about the American sociologist Daniel Bell. It said that two of his books were included in the Times Literary Supplement List of the 100 Most Influential Books since World War II. To satisfy my curiosity, I compared the Times Literary Supplement (TLS) list with my own list of books written by economists. To my delight I discovered that most of the books on my list were also included in the TLS list. However, there are also differences. This is partly explained by the fact that the TLS list ends in the 1990s, while my list ends in 2014. And, surely, the criteria applied by the ones who put together the TLS list were different from mine. The first criterion I applied was that the selected books should best reflect the often turbulent political and economic developments since the early part of the twentieth century. The second criterion was that the selected works should be reflective of the ups and downs of mainstream economic theories (in particular Keynesianism and neoclassical theory) and how these theories influenced public opinion and policymaking in the political domain. The third selection criterion was that the books should explain the factors behind these economic ups and downs. To put a bit of historical order in my list, I
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