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economic theory

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economic theory - events

1845GermanyThe German political writer Friedrich Engels publishes Die Lage der arbeitenden Klasse in England/The Condition of the Working Classes in England, a classic of communism.
1936UKEnglish economist John Maynard Keynes publishes General Theory of Employment, Interest, and Money, proposing that recession can be prevented if the government sponsors a full employment policy. It has a profound effect on economic thinking and government economic strategy worldwide.
1962USAThe US economist Milton Friedman publishes Capitalism and Freedom.
1977USAThe Canadian-born US economist J K Galbraith publishes The Age of Uncertainty.


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He carried under his arm a flat, grey portfolio of black-and-white sketches, which he had sold with more or less success to publishers ever since his uncle (who was an admiral) had disinherited him for Socialism, because of a lecture which he had delivered against that economic theory.
The Innocence Of Father Brown by Chesterton, Gilbert K. View in context
Most of them know no more of the economic theory of Socialism than they know of Chaldee; but they no longer fear or condemn its name.
An Unsocial Socialist by Shaw, George Bernard View in context
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