tag:blogger.com,1999:blog-6245381193993153721.post5815262492371954172..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: The Proto-Natural Rate of Interest and Henry ThorntonLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6245381193993153721.post-90464771862375155992014-10-17T08:18:32.027-07:002014-10-17T08:18:32.027-07:00Thank you LK, for your excellent research.I think ...Thank you LK, for your excellent research.I think it´s important to get the full context and history behind those ideas to fully understand them and valuate them. Indeed did Henry Thornton preceed Wicksell.But it actually seems like Knut Wicksell was unaware of Henry Thornton until late in life.It was Wicksell´s collegue David Davidson that made him aware of Thornton as late as 1916 in public debate.By the way i run in to internet Austrians,time after time,that claim something i think it emanates from Hayek in some interview somewhere, that Keynes never understood Wicksell or even read him. This is of course utter nonscence! Keynes booth read and understood Wicksell very well and even meet Knut Wicksell in 1916.They meet and had lunch and Knut Wicksell was very impressed "to talk with the most gifted young spirit in Cambridge" as Thorsten Gårdlund writes.And Keynes was also a driving force to get Wicksell´s work <br />translated to english according to Bertil Ohlin one of Wicksell´s own students.Ohlin and Keynes know each other personally since mid 1920s and corresponded lively throw out their whole life.Of course did Keynes have full understanding of Wicksell from best available sources,something F.A Hayek never had.<br />http://books.google.se/books?id=9DDKpCO8vjAC&pg=PA224&lpg=PA224&dq=keynes+meet+wicksell+lunch&source=bl&ots=cVezH6g2jJ&sig=ifsL_0di37yGdqqAbHgY4kGdyiQ&hl=sv&sa=X&ei=OB1BVP6VN4HnygO074CoAg&ved=0CCUQ6AEwAQ#v=onepage&q=keynes%20meet%20wicksell%20lunch&f=falseJanhttps://www.blogger.com/profile/13321416654318469280noreply@blogger.com