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Cambridge Journal of Economics 2006 30(6):819-833; doi:10.1093/cje/bel033
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© The Author 2006. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Article

Hans Singer's debts to Schumpeter and Keynes

John Toye*

* University of Oxford

Address for correspondence: Department of International Development, University of Oxford; email: john.toye{at}economics.ox.ac.uk

Abstract

This essay discusses Hans Singer's intellectual formation and the influences on his early writings and on his post-1947 development economics. It asks what impact the unusual experience of studying with both Schumpeter and Keynes had upon his subsequent economic thinking and practice. It argues that the influence of both these mentors was surprisingly small, compared with that of Spiethoff and Clark. Singer repaid his debts to Schumpeter and Keynes, but by working in the new currency of development economics, some of which was his own coinage. His motivation for this vast effort was derived from the social egalitarianism of figures such as William Beveridge, Archbishop Temple and R. H. Tawney, rather than the liberalism of Schumpeter and Keynes.

Key Words: Business cycle • Economic development • John Maynard Keynes • Joseph Schumpeter • Hans Singer • Terms of trade • Unemployment

JEL classifications: B3, F1, O1

Manuscript received May 1, 2006; final version received August 2, 2006.


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