Essays on Robertsonian Economics

This book, alongside Robertson on Economic Policy, is a celebration of the work of D. H. Robertson. It gathers together a number of important essays which survey and assess Robertson's contribution to the development of economics in the twentieth century; Robertsonian economics is now beginning to emerge as an alternate paradigm to Keynesianism and monetarism. A number of crucial areas are covered. Tom Wilson examines Robertson's work on the trade cycle, effective demand and the development of monetary theory and policy; Thomas Humphrey considers the monetary approach to exchange rates in Robertson's writings; Charles Goodhart focuses upon Robertson's real business cycle theory which is now finding renewed empirical support; John Presley deals with the collaboration between Robertson and Keynes and the working out of The General Theory; finally, William Fellner's essay illustrates the evolution of Robertson's contribution. Collectively the essays provide a thorough appraisal of the relevance of Robertsonian economics.