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The Institutional Base of the Stockholm School: The Political Economy Club (1917–1951)*

Published online by Cambridge University Press:  11 June 2009

Rolf G.H. Henriksson
Rolf G.H. Henriksson
Affiliation:
University of Stockholm
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Extract

On October 1, 1936 the Stockholm economists hosted a very distinguished guest, John Maynard Keynes. Homeward bound from a visit to the Soviet Union, Keynes appeared at the Political Economy Club. The minutes, as recorded by Ingvar Svennilson, relate:

  1. 1. At the invitation of the club, Mr. J.M. Keynes lectured at the Institute of Social Science on the subject “My grounds for departure from orthodox economic traditions.” The lecture was arranged with support from J.H. Palme's fund for economic education and economic research. Some 100 persons attended the lecture.

  2. 2. Following the lecture, the club arranged a dinner at the student union building. In addition to Mr. and Mrs. Keynes, the dinner was attended by: the chairman Professor Ohlin, Miss Kock, Messrs. Björ, Böök, Cederwall, Dahlgren, Hammarskjöld, Helger, Johansson, Lagercrantz (guest), Lundberg, Myrdal, Rothlieb, Rooth, Suoviranta (Finland, guest) and Wigforss, as well as the undersigned. After dinner there was a discussion that continued until midnight.

Type
Articles
Information
Journal of the History of Economic Thought , Volume 11 , Issue 1 , Spring 1989 , pp. 59 - 98
Copyright
Copyright © Cambridge University Press 1989

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References

1. Moggridge has published Keynes' lecture notes which give the main points of the lecture's introduction. He reports that the title of the lecture was “Further Reflections on Liquidity Preference.” The lecture was later published in a revised version in Gayer, A.D. (ed.) The Lessons of Monetary Experience: Essays in Honour of Irving Fisher (1937) under the title “The theory of the rate of interest,” See Moggridge, (1973) and Ohlin (1981).Google Scholar

2. The quote is from an interview with Leif Björk in 1983.

3. Interview with Gunnar Myrdal in 1980.

4. The notion the “institutional base” is in this paper used without any further explanation. The reader should therefore be alerted to the fact that the author has in mind a deeper analytical meaning which he will develop in a more extensive forthcoming study.

5. Interview with Gunnar Myrdal in 1980.

6. The 1930 paper is presently being translated and will appear in Lundberg (forthcoming).

7. This report is discussed in Wadensjö (1987).

8. Bent Hansen has commented very favorably on the Hammarskjöld report without betraying any awareness of this treacherous aspect of the Hammarskjöld text. See Hansen (1981).

9. Interview with Erik Lundberg published in Henriksson (1987 e).

10. Hansen (1951) and (1956), Bentzel (1952), Wold (1952), Metelius (1955), and Faxén (1957). There are traces of this tradition even in Lindbeck (1963).