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Herbert Somerton Foxwell and the Cambridge economic tradition

Abstract

This paper looks back at Herbert Somerton Foxwell’s influence on the constitution of Cambridge’s approach to economics during the many years in which he served as fellow of the institution in the late nineteenth and early twentieth centuries. We begin by providing some biographical notes on his academic and book collecting activities. After that, Foxwell’s association with the English historical movement, as well as his intellectual legacy to the economics of banking, industrial fluctuations and the history of economic thought are outlined. At the same time, his influence on the works of his colleagues John Neville Keynes, John Maynard Keynes, Piero Sraffa and Arthur Cecil Pigou is illustrated in each section. The paper concludes with some remarks on the strengths and limitations of Foxwell’s contribution to the economic controversies of his time.

Keywords:
Historicist movement; Banking; Monopolies; Employment; History of economic thought

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