Volume I -- 1 Cambridge, That Was: The Crucible of Heterodox Economics -- 1.1 The Narrative -- 1.2 Evolutions and Revolutions -- 1.2.1 The Great Banyan of Heterodox Traditions -- 1.2.2 Cohorts -- 1.2.3 The Cambridge Habitat -- 1.2.4 Which Cambridge? -- 1.3 Regime Change -- 1.3.1 The World of Cambridge: Stories Within -- 1.3.2 Worlds Beyond Cambridge: Neoliberalism at the Gates -- 1.4 The Dialectic of Competing Paradigms -- 1.4.1 Laissez-Faire: “Receding at last into the distance” -- 1.4.2 The Force of Ideas -- 1.4.3 Opposition Brewing -- 1.4.4 Evolutions and Hegemonic Incorporation -- 1.4.5 Ideological: Not the Techniques but the Purposes of Economics -- 1.4.6 Sociological: Mathematical Whiz-Kids and Ageing Dinosaurs -- 1.4.7 Beyond Kuhnian Reductionism -- 1.4.8 Mankiw’s Pendulum -- 1.4.9 Solow’s À La Carte Approach -- 1.4.10 Silos and Trenches -- 1.4.11 Joan Versus Hahn—History Versus Equilibrium -- 1.5 Semantics and Pedantics -- References -- 2 The Warring Tribes -- 2.1 A Sanctuary of Sages -- 2.1.1 Class to Community: The Cement of War -- 2.1.2 Community to Conflict: Cement to Sand -- 2.1.3 A Pride of Savage Prima Donnas -- 2.2 Faculty Wars -- 2.2.1 Paradise Lost -- 2.2.2 Fault Lines Within -- Wynne Godley: No Legacy No Synthesis, No Textbooks—The Samuelson Factor -- Shifting Student Preferences? -- “Irrelevance” and Irreverence: Joan and K-Theory -- Inbred Insularity, Complacency -- Simultaneities in the Demographic Lifecycle -- Lack of Internal Group Coherence -- The Heterodox Camp: No Chairs—Sorry, Standing Room Only -- A Break in Intergenerational Transmission, in the Reproduction of Traditions -- 2.3 Godfathers, Uncles and Nephews: The Gathering Foe -- 2.3.1 The Trojan Horse: By the Pricking of My Thumbs -- 2.3.2 Forming the Academy -- Meanwhile, at the Orthodox Party—A Merry Game of Musical Chairs -- 2.3.3 The Chess Master -- 2.4 The Campaign: How the War Was Lost and Won -- 2.4.1 The Orthodox Gambit: Capture the External Commanding Heights -- 2.4.2 Carrots and Commanders -- 2.4.3 Modus Operandi: Masters, Mandarins and Interlocking Committees -- References -- 3 Worlds Beyond Cambridge: The Global Web of the ‘Neoliberal Thought Collective’ -- 3.1 Conjunctures -- 3.1.1 1930s, The Prelude -- LSE Versus Cambridge -- Émigré Economists: The Benefactions of Lenin and Hitler -- 3.1.2 1940s, The Cascade -- 3.1.3 Keynesianism: Divergent Receptions -- Post-war Affinity in the UK -- Post-New Deal Hostility in the USA -- 3.2 Spreading the Word: Messiahs, Messages, Methods -- 3.2.1 Ideas and Ideologies: Manufacturers and Retailers -- 3.2.2 USA: Early Ideological Entrepreneurs of Libertarianism -- Harold Luhnow: The Volker Fund and its Dollars -- Foundation for Economic Education (FEE) and its Facilitators -- 3.2.3 Europe: Friedrich Hayek and the Mont Pelerin Society -- Antecedents -- Pilgrims Atop a Mountain, Mont Pelerin, Switzerland, April 1947 -- Financial Sponsors -- The First Meeting of Minds -- Sarcastic Schumpeter, Sceptical Solow, Scathing Samuelson -- 3.2.4 UK: Antony Fisher, Global Venture Capitalist of Think Tanks -- 3.3 Branding the Message: The ‘Nobel’ Prize -- 3.3.1 The Stockholm Connection: Ideological Entrepreneurs -- 3.3.2 Some Early Awards: Setting the Direction -- Jan Tinbergen—Ragnar Frisch 1969 -- Samuelson 1970 -- Gunnar Myrdal—Friedrich von Hayek 1974 -- Milton Friedman 1976 -- 3.3.3 Mont Pelerin Society and the ‘Nobel’—A Golden Embrace -- 3.3.4 Cambridge Heterodoxy? -- 3.3.5 ‘An Ideological Coup’ -- 3.4 Reaching Politics: Weaponising the Message -- 3.4.1 Santiago de Chile: Pinochet the Pioneer -- Chicago and its Cowboys -- Thatcher: Romancing Pinochet’s Chile -- 3.4.2 The White House: Reagan, a Disciple -- 3.4.3 10 Downing Street: Thatcher, a Devotee -- More than its Weight in Gold—The Market Price of Symbolic Capital -- 3.4.4 Pulling Together -- 3.5 Besieging Cambridge: The Chicago–MIT–LSE Trinity -- 3.5.1 A Cross-Atlantic Triangle -- 3.5.2 Diversity of Practice -- 3.5.3 Unity of Purpose -- References -- 4 Camp Skirmishes Over Interstitial Spaces: Journals, Seminars, Textbooks -- 4.1 The Battle of Teruel—The Day before -- 4.2 Journals -- 4.2.1 EJ Leaves ‘Home’—The Loss of a Flagship -- 4.2.2 CJE Arrives—A Forum of One’s Own -- 4.2.3 Cambridge Economic Policy Review: One Crowded Hour of Glorious Life -- 4.3 Seminars -- 4.3.1 Cambridge Economic Club—A Marshallian Precursor: 1884–1890, 1896–? -- 4.3.2 Political Economy Club: From Keynes to Robertson to Kahn—Dazzling to Dour -- 4.3.3 The Marshall Society: A Socialisation into Economics and Its Purposes -- 4.3.4 Piero Sraffa’s Research Students Seminar: A Precocious Nursery -- 4.3.5 In Retrospect, Austin Robinson on the Cambridge Circus: The Engine Room of The General Theory -- 4.3.6 Cambridge–LSE Joint Seminar: Jousting Juniors -- 4.3.7 Kahn’s ‘Secret’ Seminar at King’s: Fires in the Kitchen -- 4.3.8 The Richard Stone Common Room: Typhoo and Typhoons -- 4.3.9 Ajit Singh’s Political Economy Seminar at Queens’: Young Turks -- 4.3.10 Arestis and Kitson Political Economy Seminar at St. Catherine’s College -- 4.3.11 Hahn’s Churchill Seminar: Only Maths and Neoclassicals, Others Beware -- 4.3.12 Cambridge Growth Project Seminar at DAE -- 4.3.13 Hahn’s ‘Quaker’ Risk Seminar: The Rising Tide -- 4.3.14 Matthews’s CLARE Group: The Master’s Lodge of Moderate Practitioners -- 4.3.15 Lawson—Realism and Social Ontology: Ways of Seeing and Framing -- 4.4 Textbooks -- 4.4.1 Distant Thunder: Keynes and McCarthy, Tarshis and Samuelson -- 4.4.2 Lawrence Klein and the Paradox of The Keynesian Revolution -- Puzzle -- Ph.D.—At Samuelson’s Feet -- Cowles Commission—The New Dealers -- The Keynesian Revolution: The Extra Chapter— Klein, Then a Closet Marxist? -- Beyond Keynes -- UMich and McCarthyism -- Policy to Forecasting -- Resolution -- 4.4.3 ‘Death of a Revolutionary Textbook’: Robinson and Eatwell -- 4.4.4 An ‘Applied Economics’ Textbook That Wasn’t: Joan and Young Friends -- 4.5 The Battle of Teruel—The Day After -- Appendix 4.1: First off the Blocks: Mabel Timlin’s Keynesian Economics, 1942 -- References -- 5 The DAE Trilogy -- 5.1 Origins and Evolution -- 5.1.1 Origins -- 5.1.2 Evolution: Substance and Styles -- 5.1.3 Foundations of Stone -- 5.1.4 Reddaway’s Method: Eclectic Development -- 5.1.5 Godley: Turbulent Times -- 5.2 End of the Golden Age: The Decade of Discontent -- 5.3 The Trilogy: Discrete Episodes or a Serial Campaign? -- Appendix 5.1: DAE—Finding a Good Home -- References -- 6 Cambridge Economic Policy Group: Beheading a Turbulent Priest -- 6.1 Charged Conjuncture -- 6.1.1 Imbroglios of 1974: Old Versus New Cambridge Versus the Establishment -- 6.1.2 The Enigma of Kahn -- 6.1.3 Kaldor: On Radical Policy Implications of New Cambridge, 1976 -- 6.1.4 Cambridge Squabbles: Spillover into Whitehall? -- 6.1.5 Triggering Crisis: The Pivot of the OPEC Price Hikes -- 6.1.6 1979: Enter Margaret Thatcher, Right-Wing, Upfront -- 6.1.7 The Case of the Odd Consensus: The Letter by 364 Economists, 1981 -- 6.1.8 Thatcher in the Garage of the Federal Reserve -- 6.1.9 1981: Brixton Riots, Toxteth Fires: “A Concentration of Hopelessness” -- 6.1.10 The CEPG: A Thorn in the Thatcher Hide -- 6.1.11 The Bogey of Import Controls and the Spectre of Bennism -- 6.2 SSRC and CEPG: Dispensing Instant Injustice -- 6.2.1 Posner’s Parlour -- 6.2.2 Posner’s Process -- 6.3 Epilogue -- 6.3.1 Vengeance -- 6.3.2 The Team Scattered -- 6.3.3 The Model Reincarnated -- 6.3.4 The Rehabilitation of Wynne -- 6.3.5 Wynne Godley: ‘My Credo’ … -- 6.3.6 The Pacification of the CEPG -- Appendix 6.1: Old Cambridge, New Cambridge, 1974: and All the King’s Men -- 1. Letter WG to RFK 23 May 1974. JVR/ vii/228/3/3 -- 2. Letter NK to RFK 20 May 1974. JVR/ vii/228/3/14-16 -- 3. Letter from RFK and MP to NK 24 May 1974. JVR/vii/228/3/17-20 -- 4. Letter from RFK and MP to NK 28 May 1974. JVR/vii/228/3/24 -- 5. Letter from FC to RFK 29 May 1974. JVR/7/228/3/25 -- 6. Reply from RFK to FC 6 June 1974. JVR/7/228/3/24 -- 7. In the interim, NK replied to RFK and MP. JVR/7/228/3/26 -- 8. Letter from NK to RFK. RFK/12/2/132/3 -- References -- 7 ‘Unintended’ Collateral Damage? The Cambridge Economic Policy Group and the Joseph-Rothschild-Posner SSRC Enquiry, 1982 -- 7.1 Joseph—Rothschild—Posner—Godley -- 7.2 The Posner-the-Saviour Narrative -- 7.3 Setting Up the Enquiry -- 7.4 Who Proposed Rothschild? -- 7.5 Rothschild Report Writing Process -- 7.6 The Judgement of Rothschild -- 7.7 Between Draft and Release and Response: Handshakes and Cigars -- 7.8 Did Posner Get Away with Just a Change of Name? -- 7.9 CEPG—Collateral Damage? Or, Traded Down the River? -- 7.10 The Rothschild Report: Gleanings on Macroeconomic Modelling -- 7.11 Lord Kaldor—Off the Record, Off the Cuff, Off the Mark? -- 7.12 Lord Harris’ Vitriol -- 7.13 Catholicity and Independence -- 7.14 Rothschild’s Last Word -- 7.15 Joseph’s Last Laugh -- References -- 8 Cambridge Growth Project: Running the Gauntlet -- 8.1 Background and Conjuncture -- 8.1.1 The Decision -- 8.2 Substantive Issues -- 8.2.1 No Innovation? -- 8.2.2 Catholicity, Turnover and the Value of Disaggregation -- 8.2.3 Use of Input-Output Tables -- 8.2.4 CGP Presence in Policy Debates -- 8.2.5 Insularity -- 8.2.6 On Exploiting the Cheap Labour of Graduate Students -- 8.3 Issues of Procedural Probity -- 8.3.1 Shifting Goalposts Across Evaluations -- 8.3.2 Unequal Application of Criterion of Commercial Funding -- 8.3.3 Public Good or Private Resource? -- 8.3.4 ESRC Ignored CGP Model Performance: Why? -- 8.3.5 Compromised ‘Independent’ Evidence -- 8.4 Other Concerns -- 8.4.1 ‘Reds’? -- 8.4.2 Crowding Out Competitors? -- 8.4.3 Deadweight Loss of Built-up Intellectual Capital -- 8.4.4 Gratuitously Offensive: Up Close and Out of Order -- 8.4.5 The Consortium: ‘Revived Talk of Conspiracy Theory’ -- 8.4.6 I.
