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 39
... rising by 50 per cent between April 1919 and April 1920. ' The prime cause of the rise in prices during the boom ' , wrote E. V. Morgan , ' was the impossibility of increasing output sufficiently to meet the violent rise in private ...
... rising by 50 per cent between April 1919 and April 1920. ' The prime cause of the rise in prices during the boom ' , wrote E. V. Morgan , ' was the impossibility of increasing output sufficiently to meet the violent rise in private ...
Page 155
... rise of prices , but the expectation of a rise compounded of the various possible price movements and the estimated probability of each , which affects money rates ; and in coun- tries where the currency has not collapsed entirely ...
... rise of prices , but the expectation of a rise compounded of the various possible price movements and the estimated probability of each , which affects money rates ; and in coun- tries where the currency has not collapsed entirely ...
Page 308
... rise in the value of hoards due to increased productivity , which would otherwise lead to a fall in the price level . The aim Robertson stresses above all others is to prevent the boom being prematurely extinguished by a fall in the ...
... rise in the value of hoards due to increased productivity , which would otherwise lead to a fall in the price level . The aim Robertson stresses above all others is to prevent the boom being prematurely extinguished by a fall in the ...
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