2013년 2월 24일 일요일

[검색: some search on] the Keynesian invasion of the United States in 1930s

■ Robert Bryce: http://en.wikipedia.org/wiki/Robert_Bryce

(...) After graduating with engineering degree from the University of Toronto, Bryce undertook graduate studies in economics at Cambridge, where he was influenced by the ideas of John Maynard Keynes. In the fall of 1935, he left Britain for Harvard where, as a graduate student, he introduced Keynesian economics in the United States, with the help of fellow Canadian Lorie Tarshis. According to John Kenneth Galbraith, Joseph Schumpeter "called Keynes Allah and Bryce his Prophet".[1]

[1] Colander, David; Landreth, Harry (1998), "Political Influence on the Textbook Keynesian Revolution: God, Man, and Laurie (sic) Tarshis at Yale", in O. F. Hamouda and B. B. Price, Keynesianism and the Keynesian Revolution in America: A Memorial Volume in Honour of Lorie Tarshis, Cheltenham: Edward Elgar, pp. 59–72

Robert Bryce (Obituary by CARL MOLLINS, 1997)

(...) Bryce became a Keynesian evangelist, first at Harvard and then in Ottawa. In April, 1945, with the end of the Second World War in sight and political thinking geared to postwar reconstruction, the government published a plan devised by Bryce and his colleagues that was to govern federal policy for 40 years, the white paper on employment and income. Henceforth, it proclaimed, the maintenance of a high and stable level of employment and incomes in Canada would be a major federal policy and "a great national objective."

The 1945 document declared: "The government will be prepared, in periods when unemployment threatens, to incur deficits and increases in the national debt resulting from its employment and income policy, ..." But the Keynes-Bryce idea has faded with the disappearance in the 1990s of a Marxist challenge to capitalism.[What does this sentence mean? Curious.]

(...) Recalled Galbraith: "Bob Bryce was part of a revolution at Harvard. In a substantial measure, he brought Keynes to the United States. He was the centre of interest at the university during the time he was here and the focal point of the most intense discussion that I ever remember. He was also a source of great annoyance to some of the older, conservative members of the faculty. Joseph Schumpeter [an economist at Harvard from 1932 to 1950] once said in an indignant way, 'Keynes is Allah and Bryce is his prophet.' He didn’t approve of either.

“To Be Young Was Very Heaven”: The Keynesian Revolution in America (by J.W. Nevill)

※ This text appears to be a part of this book: David C. Colander and Harry Landreth (eds). The Coming of Keynesianism to America: Conversation with the Founders of Keynesian Economics, 1996, Cheltenham UK, Edward Elgar, pp. 244+11


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