“The Keynesian Revolution was, in the form in which it succeeded in the United States, a revolution in method. This was not Keynes’s intent, nor is it the view of all of his most eminent followers. Yet if one does not view the revolution in this way, it is impossible to account for some of its most important features.”

"After Keynesian macroeconomics" 1978

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Robert Lucas Jr. 9
American economist 1937

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“The Keynesian Revolution was, in the form in which it succeeded in the United States, a revolution in method.”

Robert Lucas Jr. (1937) American economist

This was not Keynes’s intent, nor is it the view of all of his most eminent followers. Yet if one does not view the revolution in this way, it is impossible to account for some of its most important features.
"After Keynesian macroeconomics" 1978

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“The United States is the only country where these revolutions are simultaneously in progress and organically linked in such a way as to constitute a single revolution.”

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“The basic question of every revolution is that of state power. Unless this question is understood, there can be no intelligent participation in the revolution, not to speak of guidance of the revolution. The highly remarkable feature of our revolution is that it has brought about dual power.”

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