Hawtrey’s austerity economics shaped elite economics training across Cambridge, Harvard, and Chicago

Evidence

Currency and Credit was widely used as a textbook in the 1920s. It became a standard text for the Cambridge Tripos in economics as well as overseas, including in the Harvard economics department, where Hawtrey taught as a visiting professor in 1928– 1929. David Laidler has documented how during the interwar years Hawtrey’s infl uence even reached the Chicago School of Economics (Laidler 1993). — Clara E. Mattei, The Capital Order, 867

Categorization

• XREF: Connects to the reader’s interest in how austerity ideology became entrenched in elite economics education, paralleling modern economics departments’ training in neoliberal orthodoxy. — connects to: Hawtrey’s 1913 book articulated the monetary business cycle — Clara E. Mattei, The Capital Order: How Economists…, 865; Orthodox economics triumphed through prestige, austerity, and service to authority — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 485

Broader Connections

• Orthodox economics triumphed through prestige, austerity, and service to authority #corroborates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 485