John Maynard Keynes: A Biography, Volume 2"Hopes Betrayed" establishes Keynes' historical setting and explains what turned him into a radical economist. Keynes' story is not just that of a revolution in economic theory, but also part of the story of the evolution of modern government. |
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Page 40
... accepted the end but shrank from the means . Yet , because they accepted the end , they ran out of arguments for opposing the means , especially once inflation had got out of control . And they might have had less depression later on ...
... accepted the end but shrank from the means . Yet , because they accepted the end , they ran out of arguments for opposing the means , especially once inflation had got out of control . And they might have had less depression later on ...
Page 336
... accepted that it would be difficult for the central bank unaided to lift an economy out of a slump , since the policy of buying securities à l'outrance in order to raise their price may involve it in losses if bearishness is too deeply ...
... accepted that it would be difficult for the central bank unaided to lift an economy out of a slump , since the policy of buying securities à l'outrance in order to raise their price may involve it in losses if bearishness is too deeply ...
Page 559
... accepted the third proposition , while rejecting the first two in the form they were stated . That is , Keynes's ' liquidity preference ' theory of interest was accepted as modifying the orthodox theory of interest - rate determination ...
... accepted the third proposition , while rejecting the first two in the form they were stated . That is , Keynes's ' liquidity preference ' theory of interest was accepted as modifying the orthodox theory of interest - rate determination ...
Contents
THE ECONOMIC CONSEQUENCES OF THE | 1 |
THE TRANSITION TO PEACE | 31 |
KEYNESS PHILOSOPHY OF PRACTICE | 56 |
Copyright | |
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adjustment April argument ballet Bank of England bank rate believe Bloomsbury Britain British Cambridge capital cent chapter classical Committee consumption currency Dadie Rylands deflation Dennis Robertson depression Duncan Grant economists equilibrium exchange exports Falk finance fluctuations friends full employment German gold standard Harrod Hawtrey Hayek Henderson Ibid ideas income increase industry inflation influence intellectual interest rate JMK's Joan Robinson John Maynard Keynes Kahn Keynes wrote Keynes's Keynes's theory Keynesian Keynesian Revolution King's Labour lectures letter Liberal Lloyd George logic London Lydia Lydia Lopokova Lytton Strachey ment Milo Keynes mind money wages Montagu Norman Nation never November October output Party Pigou political pre-war price level probability problem production profits rate of interest real wage reduce reparations Richard Kahn Robertson saving and investment slump social stabilisation started Strachey thought Tilton trade Treasury Vanessa Virginia Woolf writing