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Article: The Politics of Planning: The Debate on Economic Planning in the 1930s.
- Article from:
- Business History
- Article date:
- July 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Frank Cass & Company Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DANIEL RITSCHEL, (Oxford: Oxford University Press, 1997. Pp.x + 367. ISBN 0 19 820647 X, [pounds]40).
Over the past 20 years our understanding of the nature of the Keynesian revolution has become much more sophisticated. The old conventional wisdom, based on an application of what has become known as the Keynesian model of policy making (policy change can be explained as a new idea with a time lag) has been shown to be far too simplistic. Daniel Ritschel adds to our understanding of this process by considering the development of thinking about economic planning in the 1930s. This has often been portrayed as the seed-bed of an emerging Keynesian consensus, but, ...