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Hans Neisser’s Views on Money and Structural Change, and Modern ‘Quantity Theory’ Implications

  • Hans-Michael Trautwein
  • Angela Redish
Chapter

Abstract

David Laidler’s Fabricating the Keynesian Revolution (1999) is an outstanding collection of studies of the interwar literature on money, the cycle, and unemployment. It provides a rich picture of various developments in macroeconomic thinking that preceded, anticipated, and criticized much of what came to be marketed as ‘the Keynesian Revolution’ — a paradigm shift that allegedly put those developments out of date. Roughly 120 economists and policymakers of that era figure in David’s histodrama, and Hans Neisser is not missing from the list.1 He is mentioned in a footnote on underconsumption theories (Laidler, 1999, 169, n. 16).

Keywords

Monetary Policy Business Cycle Price Level Euro Area Technical Progress 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Hans-Michael Trautwein and Angela Redish 2010

Authors and Affiliations

  • Hans-Michael Trautwein
  • Angela Redish

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