Word: keyneses
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The final accolade came to Britain's No. 1 economist, John Maynard Keynes, last week. Bank of England shareholders elected him a director, to succeed the late Lord Stamp. Orthodox oldtimer Montagu Norman, the Bank's Governor, thus played a sly old English trick: he swallowed his opposition...
One tosser was liberal Seymour Edwin Harris, Harvard associate professor of economics and longtime pal of Britain's John Maynard Keynes. In a new book called The Economics of American Defense (Norton; $3.50), Professor Harris this week forecast a post-war debt of $75 to $100 billion, a steady...
2. In a state of advanced war economy when an increase in purchasing power must be avoided or civilian demand must be reduced in favor of defense expenditures, heavy levies on the low income groups may be necessary. Keynes proposal relates to the substitution of compulsory loans for taxes as...
The pre-paid bonus is the latest brain child of Washington New Dealers. Concocted from a combination of Keynes' plan of "How to Pay for the War" and extravagant demands of Veterans of Future Wars, it is a scheme simple enough for even the non-economist to grasp. Cambridge Professor...
Although the U.S. defense boom had not yet reached the point of retail-price inflation, Keynes's New Deal disciples were already giving his basic idea a startling twist. A few Administration corners buzzed with it. Provoked by 1 ) the problem of U.S. morale, and 2) the perplexing question...