| Abstract: | Walker attended Cambridge in the early 1930s when Keynes was moving toward an expenditure-oriented explanation of output and employment but had yet to break through to his theory of effective demand. In conveying this thinking to an Australian audience through 1933-35, and in setting up as a Keynesian critic of depression policy, Walker raised the level of local discourse upon the unemployment problem. In 1936, too, he was quick to novelty in the General Theory; but now others were to carry forward the intellectual revolution that was consummated in war and post-war planning. |
