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 391
... whole financial structure be deranged by adopting Sprague's proposal , he said , but it completely ignored the need to ' cause business receipts to rise relatively to business costs . . . . If a reduction of business costs means cutting ...
... whole financial structure be deranged by adopting Sprague's proposal , he said , but it completely ignored the need to ' cause business receipts to rise relatively to business costs . . . . If a reduction of business costs means cutting ...
Page 411
... whole theory and its interconnections , but discarding , in his attempt to take in the whole stage at once , the limelight which , presenting some parts in a more brilliant aspect , must necessarily leave others in a greater obscurity ...
... whole theory and its interconnections , but discarding , in his attempt to take in the whole stage at once , the limelight which , presenting some parts in a more brilliant aspect , must necessarily leave others in a greater obscurity ...
Page 421
... whole economy to a change in demand . ... The time - period method sets Cambridge economics apart from the mar- ket - clearing simultaneity of the general equilibrium tradition . As John Vaizey put it , ' This idea of three sorts of ...
... whole economy to a change in demand . ... The time - period method sets Cambridge economics apart from the mar- ket - clearing simultaneity of the general equilibrium tradition . As John Vaizey put it , ' This idea of three sorts of ...
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