Word: keynesism
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Harvard contributes the two leading articles in the "Atlantic Monthly" for October. W. Y. Elliott, head of the Department of Government, "a twentieth century son of the nineteenth century Liberals," points out in "This Economic Nationalism," that Dean Donham and J. M. Keynes have overlooked the drastic political and social...
Lord MacMillan's most publicized job was as Chairman of the British Treasury Committee on Finance & Industry where he presided over 13 colleagues including Reginald McKenna and John Maynard Keynes. The report issued by that committee is famed among economists. A 300-page volume which cost ?1,050 to...
Keynes Lunch. Candidly Scot MacDonald admits that he knows next to nothing about economics. Eager last week to find out what President Roosevelt meant by a ''commodity dollar" the Prime Minister invited to lunch the most eminent of Britain's more radical economists. Professor John Maynard Keynes...
Presumably they discussed the so-called "Keynes Plan." This proposes to devaluate all the world's currencies between 20 and 33%. (The dollar and pound were already in that range last week. ) By making the respective governments' gold holdings more valuable in terms of devaluated paper, such devaluation...
"The significance of the gold standard or indeed of any device to secure stable foreign exchange rates is that if forces the countries participating in the arrangement to keep in step industrially. Should one country of the group attempt to pursue an independent monetary expansion policy its imports would tend...