Essays in Economic Analysis

Essays in Economic Analysis

Essays in Economic Analysis

Essays in Economic Analysis

Excerpt

This collection of essays, written over a space of twenty years, was born of a remark by Professor Lionel C. Robbins and was shaped almost entirely by his suggestions as to what might be included. Professor Robbins is of course also responsible for having made me into an economist.

Most of the articles were published quite a number of years ago and I have been willingly persuaded by friends that it would be desirable for these to be more easily available. I am a little disturbed by the degree to which the articles still express my opinions. Two of them which were published more recently are also quite old. "Factor Prices and International Trade", although only published in February of 1952, is an old paper that I read before a seminar at the London School of Economics in December 1933. Its publication this year was due to Professor Robbins remembering it and exhuming it from his files when Professor Paul Samuelson quite independently wrote a similar paper in 1949. The other recently published article is the last one in the volume, on "The Essential Properties of Interest and Money". While it appeared only in May 1952, its main ideas have been in existence in the form of some pencil marks in my copy of The General Theory of Interest and Money since about 1936. These ideas were further clarified and written up as a result of my giving a graduate seminar in Keynesian Economics at Indiana University in the spring of 1951 . . .

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