ABSTRACT

Prosperity and Depression has since been acclaimed by historians of thought as the authoritative survey of pre-Keynesian business cycle theories (see e.g. Hutchison, 1953, p. 404; Schumpeter, 1954, p. 1123, n. 2; Officer, 1982, p. 151; Pribram, 1983, p. 486; Mirowski, 1985, p. 3; Blaug, 1991, p. 180, n. 10; Laidler, 1991, p. 118; Samuelson, 1996, p. 1682). Succeeding editions (1939, 1941, 1958, 1964) incorporated Haberler’s immediate reaction to discussions surrounding Keynes’s General Theory and his comments on

several controversial topics of the 1940s and early 1950s, such as formal post-Keynesian business cycle models, Hayek’s Ricardo effect, the so-called Pigou effect, etc.2 According to Moggridge’s study of articles published between 1936 and 1948 and recorded in classes 2.30, 2.31, 2.230, 2.322, and 2.325 of the Index of Economic Journals, Haberler’s book was third in the individual publication citation rankings (1995, p. 232).