ADVANTAGES

(2009)
Ever since the publication of "On Keynesian Economics and the Economics of Keynes"(1968) the Swedish-American economist Axel Leijonhufvud has established himself as one of the world's leading macroeconomists. An outstanding contribution which has stimulated controversial discussions until today is his long essay on 'The Wicksell Connection: Variations on a Theme', which forms the cornerstone of his Information and Coordination. Essays in Macroeconomic Theory (OUP 1981). From the very beginning Axel Leijonhufvud made the careful investigation of the history of economic analysis an integral part of his macroeconomic studies. This comes out in a series of influential articles, such as 'Keynes and the Keynesians: A suggested interpretation', 'Keynes and the Classics: Two lectures', 'Say' s Principle: What it means and doesn't mean' and 'The Coordination of Economic Activities: A Keynesian Perspective', jointly written with Bob Clower. Axel Leijonhufvud has always illustrated 'The Uses of the Past' in an erudite, precise and original way not least in his keynote address 'Mr. Keynes and the Moderns' at the first Annual Conference of the European Society for the History of Economic Thought held in Marseilles in February 1997.

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