ABSTRACT
When the history of economic thought in the twentieth century comes to be written, there is no doubt that the decade of the 1930s will occupy a very special place in it. The ‘Keynesian revolution’, the rise of new theories of competition such as those of Chamberlin and Joan Robinson, the beginnings of growth theory in Harrod’s work, all belong to this decade. Prominent thinkers of the century, such as Hicks and Shackle, published their first writings during it. The 1930s were indeed ‘years of high theory’.
