Abstract
At the beginning of the spring term of 1941, it became known among Harvard graduate students that Paul Samuelson would offer a Saturday morning seminar on Keynes’s General Theory. Several of us made the weekly trip from Harvard Square to MIT. We had all had a grounding in Keynes from Al vin Hansen and John Williams. Hansen was very much the advocate, stressing fiscal policy and minimizing the potential of monetary policy. Williams remained skeptical, but his defense of monetary policy conceded much to the prevailing disenchantment. Both dealt with Keynes in literary rather than analytical terms.KeywordsInterest RateMonetary PolicyFiscal PolicyFederal ReserveMoney SupplyThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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