num_pages: 200
description: This is an historical and methodological study of the Keynesian Revolution. It employs the methodological approach to the growth of scientific knowledge originated by Thomas Kuhn’s provocative thesis that scientific advance is due to “non-cumulative developmental episodes” called “revolutions”, and that science in general, contrary to a widely held view, does not necessarily produce progressively more “truthful” statements about reality. Kuhn’s methods have been spectacularly successful in the natural sciences. His revolutionary ideas have also created a sensation in the social sciences, particularly in economics. This is the first full-scale study of the Keynesian Revolution using Kuhn’s ideas. The first part of the book deals with classical normal science. It describes Adam Smith’s anti-mercantilist theory of money and Say’s law and the theoretical and empirical articulation of these pillars of the classical system carried out by economists such as Mill, Knapp, Fisher, Marshall and Pigou. An attempt is made to display the coherence and structural integrity of this body of ideas in its own time.
language: English
title: Structure of the Keynesian Revolution
titlecomplete: Structure of the Keynesian Revolution
publisher: Palgrave Macmillan