In late 2015, JW Mason and Arjun Jayadev went to speak with Axel Leijonhuvud, in retirement in Pismo Beach, to ask about his work and the intellectual paths not taken after 1968. Over a couple of days with him and his wife Earlene, they covered a broad range of topics: his early life, his fortuitous entry into economics, his re-interpretation of Keynes, his affection for Hayek and relationship with him (including his remarkable interview with Hayek in the 1970s), his engagement and interpretation of the great Swedish economist Knut Wicksell his creative analysis of capitalist instability, his growing concerns with inflation as a topic, his animus to neoclassical models of production, the current state of academic macroeconomics, the place of schools of thinking and heterodoxy in reviving economics and his ideas for the teaching of economics.

Of course this is the fundamental difficulty. There is a structure of law, which is supposed to embody the concepts of fairness that this society adheres to. And now you’re debating which way you are going to violate that and what is fair or unfair about that. So there aren’t going to be very clear answers.
Reading Axel’s work has provided, for us, a thunderclap of clarity on several issues. We hope that the same is true for you as you engage with the mind and work of this true, great, original master of economics.

For those interested in engaging more deeply with his work, we have created a collection of video, transcripts, and all of the articles that he has written. Many of these remain fruitful for students and scholars exploring how to move forward in economics.

Learn more at:
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