Quote of the day

“For persons entering economics in the 1940s, ‘Keynesian’ economics was shockingly ‘revolutionary’ because it was shockingly activist by comparison with all earlier, other than Marxian, economic teaching. Laidler’s book brilliantly traces the ‘fabrification’ of a textbook revolution in activist economics which in one generation replaced thoughtful Marshallian courses in economic inquiry with courses in soapbox oratory about economic fluctuations.  Laidler’s scholarship is impeccable; even the most knowledgeable professional has much to learn from reading his book.”  — Robert Clower on David Laidler’s Fabricating the Keynesian Revolution.

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