Caldwell, Bruce (ed.). Contra Keynes and Cambridge: Essays, Correspondence (Collected Works of F. A. Hayek). Indianapolis, Indiana: Liberty Fund, 2009.
From Liberty Fund:
Contra Keynes and Cambridge is composed of three parts: Part I consists of two essays, the first being a recollection by Hayek of his time at the London School of Economics in the 1930s, followed by his contribution to an early debate about the paradox of saving; Part II reprints the full debates between Hayek and Keynes in Economica in the early 1930s, and Hayek’s exchanges with Sraffa that followed; Part III includes some of Hayek’s reminiscences on Keynes. F. A. Hayek challenged one of the world’s leading economists, John Maynard Keynes, and his economic theories, which sparked a spirited debate that has influenced economic policy in democratic countries for decades.
Table of Contents:
Editorial Foreword ix
Introduction 1
PART I. HAYEK COMES TO THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE
One
The Economics of the 1930s as Seen from London 49
Addendum: Edwin Cannan 64
Two
The “Paradox” of Saving 74
PART II. HAYEK’S EXCHANGES WITH KEYNES AND SRAFFA
Three
Reflections on the Pure Theory of Money of Mr. J. M. Keynes 121
Four
The Pure Theory of Money: A Reply to Dr. Hayek, by J. M. Keynes 147
Five
A Rejoinder to Mr. Keynes 159
Addendum: The Early Hayek-Keynes Correspondence 164
Six
Reflections on the Pure Theory of Money of Mr. J. M. Keynes (continued) 174
Seven
Dr. Hayek on Money and Capital, by Piero Sraffa 198
Eight
Money and Capital: A Reply 210
Nine
A Rejoinder, by Piero Sraffa 223
PART III. ESSAYS ON KEYNES
Ten
Review of Harrod’s Life of J. M. Keynes 227
Addendum: Review of Sir William Beveridge, Full Employment in a Free Society 233
Eleven
Symposium on Keynes: Why? 237
Twelve
Personal Recollections of Keynes and the ‘Keynesian Revolution’ 240
Thirteen
The Keynes Centenary: The Austrian Critique 247
Editor’s Acknowledgements 257
Index 259
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