John Maynard Keynes: fighting for freedom 1937-1946Macmillan, 1983 - Economists |
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Page 181
... standard and free trade was out of the question . But might it not be possible , by a major reform of the currency system , to restore the system of multilateral payments which had underpinned trade expansion in the nineteenth century ...
... standard and free trade was out of the question . But might it not be possible , by a major reform of the currency system , to restore the system of multilateral payments which had underpinned trade expansion in the nineteenth century ...
Page 183
... standard lay precisely in the fact that it was ' unmanaged ' . Few glimpsed the truth , proclaimed by Keynes in his Tract on Monetary Reform ( 1923 ) , that the gold standard was not a self - managing system , that its operation ...
... standard lay precisely in the fact that it was ' unmanaged ' . Few glimpsed the truth , proclaimed by Keynes in his Tract on Monetary Reform ( 1923 ) , that the gold standard was not a self - managing system , that its operation ...
Page 190
... standard , but it was a gold standard maintained by exchange controls . Paul Einzig dubbed it the ' Gold Insolvency Standard ' since ' any currency can be maintained stable by preventing transfers which tend to cause its depreciation ...
... standard , but it was a gold standard maintained by exchange controls . Paul Einzig dubbed it the ' Gold Insolvency Standard ' since ' any currency can be maintained stable by preventing transfers which tend to cause its depreciation ...
Contents
THE MIDDLE WAY IN WAR | 46 |
THE DRAGONS OF WAR | 73 |
ENVOY EXTRAORDINARY | 91 |
Copyright | |
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accept agreed agreement American Anglo-American balance of payments Bank of England Bretton Woods Britain British budget Cambridge capital CEMA cent Chancellor Churchill Clayton Clearing Union Committee countries creditor currency Dalton debt December deficit Dennis Robertson Diary discussion dollar draft Eady economic economist exchange rates exports foreign Fund Germany gold standard Halifax Harrod Harry Dexter White Henderson Hopkins Hugh Dalton Ibid income inflation interest investment James Meade JMK to Sir JMK's July June Keynes Plan Keynes wrote Keynes's Keynesian Kingsley Wood Labour Lend-Lease Lionel Robbins loan London Lord Lydia Maynard meeting ment Milo Keynes Minister monetary Morgenthau negotiations November October officials Papers Phillips political post-war problem proposals reserves Richard Kahn Robbins Roosevelt Roy Harrod Schachtian scheme Secretary September Soviet Stabilisation sterling area sterling balances theory thought Tilton told trade Treasury United Vinson wanted wartime Washington Whitehall