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 347
... wages have remained for all practical purposes fixed . " 29 - The question of why British wages were , or had become , so ' sticky ' provoked some of the most interesting exchanges on the Committee . It was a puzzle to Keynes ; it has ...
... wages have remained for all practical purposes fixed . " 29 - The question of why British wages were , or had become , so ' sticky ' provoked some of the most interesting exchanges on the Committee . It was a puzzle to Keynes ; it has ...
Page 369
... wages which his foremost critic , Robbins , conceded to be of ' great aesthetic beauty ' . Real wages are in equilibrium , Keynes wrote , when full employment coexists with ' normal ' profits . Disequilibrium real wages might arise ...
... wages which his foremost critic , Robbins , conceded to be of ' great aesthetic beauty ' . Real wages are in equilibrium , Keynes wrote , when full employment coexists with ' normal ' profits . Disequilibrium real wages might arise ...
Page 463
... wages are fluid , Keynes denies that an all - round reduction in the real wage ( money wages falling further than prices ) will stimulate consumption , even if it improves profits , since the gains will accrue to those with a lower ...
... wages are fluid , Keynes denies that an all - round reduction in the real wage ( money wages falling further than prices ) will stimulate consumption , even if it improves profits , since the gains will accrue to those with a lower ...
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