This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great...

Keynes, the Keynesians and Monetarism is a major contribution to the continuing debate on macroeconomic policy-making. Tim Congdon has been a strong supporter of monetarist economic principles for over 30 years. His writings - in the newspapers and for parliamentary committees, as well as in...

Contents: Preface -- Introduction: What were (and are) the debates all about? -- Part I: Keynes and the Keynesians -- 1. Were the Keynesians loyal followers of Keynes? -- 2. What was Keynes's best book? -- 3. Keynes, the Keynesians and the exchange rate -- Part II: The so-called 'Keynesian...