Eclipse of Keynesianism

ROBERT LEESON is Senior Lecturer in Economics at Murdoch University. He has held visiting positions at Cambridge University, the London School of Economics and the Hoover Institution, Stanford University. He has published widely in journals such as the Economic Journal, Economica, the Cambridge Journal of Economics, Urban Studies and the History of Political Economy.

• Preface Introduction The Ghosts I Called I Cant' Get Rid Of Now: The Keynes-Tinbergen-Friedman-Phillips Critique of Keynesian Macroeconometrics The Chicago Counter-Revolution and the Sociology of Economic Knowledge The Rise of the Natural-Rate of Unemployment Model Does the Expectations Trap Render the Natural-Rate Model Invalid in the Disinflationary Zone? Language and Inflation Friedman and the Walrasian Equations of The Natural-Rate Counter-Revolution Index

'I found Leeson's book an interesting reading. He has a remarkable command of the literature, and seems to be knowledgeable of every line written by his favourite authors. His book is full of original and provocative insights ... Friedman is of course world famous, yet his role is still in need of assessment. Leeson's book will be a compelling benchmark in this programme' - Michel De Vroey Professor of Economics, University of Louvain, Belgium 'Leeson's book is a mine of information and an invaluable guide to the literature ... [which] anyone interested in the movement towards laissez faire that took place around the 1970s should read ... He continually throws out fascinating ideas' - Roger Backhouse, Professor of the History and Philosophy of Economics at the University of Birmingham, UK