Abstract
At the beginning of the spring term of 1941, it became known among Harvard graduate students that Paul Samuelson would offer a Saturday morning seminar on Keynes’s General Theory. Several of us made the weekly trip from Harvard Square to MIT. We had all had a grounding in Keynes from Al vin Hansen and John Williams. Hansen was very much the advocate, stressing fiscal policy and minimizing the potential of monetary policy. Williams remained skeptical, but his defense of monetary policy conceded much to the prevailing disenchantment. Both dealt with Keynes in literary rather than analytical terms.
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References
Samuelson, P. A. 1948. Economics. New York: McGraw-Hill.
U.S., Congress, Joint Committee on the Economic Report. 1950. Monetary Credit and Fiscal Policies, Hearings before the Subcommittee on Monetary, Credit, and Fiscal Policies, 81st Cong., 1st Session. Washington, D.C.: Government Printing Office.
U.S., Congress, Joint Committee on the Economic Report 1951. Questions on General Credit Control and Debt Management. Subcommittee on General Credit Control and Debt Management. Washington, D.C.: Government Printing Office.
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© 1982 Kluwer • Nijhoff Publishing
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Wallich, H.C. (1982). Samuelson and Trends in Monetary Policy. In: Feiwel, G.R. (eds) Samuelson and Neoclassical Economics. Recent Economic Thought, vol 1. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-7377-0_16
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DOI: https://doi.org/10.1007/978-94-009-7377-0_16
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