Was Wilhelm Röpke Really a Proto-Keynesian?

Chapter
Part of the The European Heritage in Economics and the Social Sciences book series (EHES, volume 20)

Abstract

Fèvre examines the difficulties of the commonly encountered qualification that Wilhelm Röpke’s early work is “proto-Keynesian.” By focusing on his 1936 Crises and Cycles and previous publications, Fèvre shows that Röpke attempted a synthesis by drawing upon various inspirations in business cycle theory. The major impulses stemmed from J.M. Keynes, with concepts from the period before his General Theory, and F.A. Hayek, both of whom in Fèvre’s assessment were equally important for Röpke regarding different phases of the business cycle. Röpke’s innovative approach to the secondary depression and “liberal interventionism” as a possible solution for this depression type receive further attention. Moreover, Röpke’s political insights from the same publications help to understand why Röpke’s latest works were characterized by such a virulent anti-Keynesianism.

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Centre Walras-ParetoUniversity of LausanneLausanneSwitzerland
  2. 2.Centre d’Économie de la SorbonneUniversity Paris 1 Panthéon-SorbonneParisFrance

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