Axel Leijonhufvud | |
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Born | 6 September 1933 Stockholm, Sweden |
Died | 2 May 2022 | (aged 88)
Burial place | Oakwood Memorial Park Cemetery, Los Angeles |
Education | |
Academic career | |
Institution | |
School or tradition | Disequilibrium macroeconomics |
Influences | Léon Walras, John Maynard Keynes |
Axel Leijonhufvud (6 September 1933 – 2 May 2022)[1][2] was a Swedish economist and professor emeritus at the University of California, Los Angeles (UCLA), and professor at the University of Trento, Italy. Leijonhufvud focused his studies on macroeconomic monetary theory. In his defining book On Keynesian Economics and the Economics of Keynes (1968) he focuses on a critique of the interpretation of Keynesian economic theory by Keynesian economists. He goes on to call the standard neoclassical synthesis interpretation of the Keynes' General Theory as having misunderstood and misinterpreted Keynes. In one of his papers, "Life Among the Econ" (1973), he takes a comical yet critical look at the inherent clannish nature of economists; the paper was considered a devastating takedown of economics and economists.