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McClellanville Library
Closed for renovations
Phone: (843) 887-3699
Miss Jane's Building (Edisto Library Temporary Location)
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Phone: (843) 869-2355
Main Library
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Folly Beach Library
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John L. Dart Library
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Phone: (843) 722-7550
St. Paul's/Hollywood Library
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Dorchester Road Library
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Wando Mount Pleasant Library
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Phone: (843) 805-6892
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Phone: (843) 884-9741
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The ‘Wigforss Connection’: the Stockholm School vs. Keynes debate revisited.
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- Author(s): Kragh, Martin
- Source:
European Journal of the History of Economic Thought; Aug2014, Vol. 21 Issue 4, p635-663, 29p, 2 Graphs- Subject Terms:
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- Additional Information
- Subject Terms:
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- Abstract: Drawing on archival material and previously unexplored texts, this article attempts to revise our understanding of the emergence of a new macroeconomic discourse in the Swedish 1930s. Firstly, it is argued that the Stockholm School played a secondary role in shaping Sweden's counter-cyclical policies during the depression. The Minister of Finance, Ernst Wigforss, possessed all the theoretical tools he needed before the academic economists had made their views on the crisis publicly known. Secondly, it will be argued that Wigforss was the one closest to anticipate theGeneral Theory, and that he had his theoretical system for a counter-cyclical fiscal policy worked out in 1931 already. He provides an important link in one of the most debated topics in the history of macroeconomic thought. In an allusion to Axel Leijonhufvud, this link is named the ‘Wigforss Connection’. [ABSTRACT FROM PUBLISHER]
- Abstract: Copyright of European Journal of the History of Economic Thought is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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