Hayek’s refusal to review the General Theory cost him intellectual standing

Evidence

In the midst of this atmosphere, Hayek made the devastating decision not to submit a review of The General Theory. He later cited many grounds for his inaction, including a disinclination to renew engagement with a scholar who seemed to hold evershifting views, a desire to wait until the publication of a revised version of his own capital theory, and a reluctance to discredit Keynes when many of the other leading economists seemed much worse. Regardless of the reasons, his decision seemed to many an admission of defeat. — Angus Burgin, The Great Persuasion, 80

Categorization

• QUESTION: Hayek’s own explanations for not reviewing the General Theory — especially the reluctance-to-discredit one — warrant revisiting in later chapters as his account was told after the fact.