Kalecki and His Myrmidons
As indicated in the previous chapter, the Cambridge Project was not a project of the University of Cambridge nor of its Faculty of Economics but of the National Institute of Economic and Social Research. It was located in Cambridge because that was where Keynes was hoping to establish a permanent economic research unit that was to be the Department of Applied Economics. This, rather than the machinations of a Keynesian faction in the Faculty of Economics, explains the peculiar administration of the project. The actual title of the project was the Cambridge Research Scheme of the National Institute for Economic and Social Research. Its purpose was to study ‘the process of Economic Change in the United Kingdom since 1928’.1 The finance for the project was from the NIESR, managed by a supervisory committee consisting of Arthur Bowley, a retired Professor of Statistics at the London School of Economics; Lionel Robbins, Professor of Economics at the London School of Economics; Noel Hall, Director of the National Institute and Professor of Political Economy at University College, London; as well as Keynes and Austin Robinson.
KeywordsNational Income Steel Industry Labour Income London School Relative Share
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