Word: keynesism
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Into his place stepped a hardheaded Scotsman, 65-year-old Thomas Sivewright Catto, First Baron Catto of Cairncatto,* a British businessman of worldwide experience, who during the last three years has been joint advisor, with John Maynard Keynes, now First Baron Keynes of Tilton, to his Majesty's Treasury...
So close has been the association of Catto and Keynes-sometimes referred to as Lords Catto and Doggo-that some observers predicted a revolution in Britain's financial policy. In fact, Lord Catto's appointment was simply one more instance of Britain's genius for adapting all...
In the Treasury Catto first came into intimate contact with John Maynard Keynes, another wartime Treasury advisor. Chance gave the two men adjoining offices in the old Board of Trade building. To the surprise of all they became fast friends. The gaunt, six-foot Keynes had an unparalleled intellectual equipment...
Since Britain's Lord Keynes and the U.S. Treasury's Harry D. White unveiled their international currency plans, many a U.S. banker has grumbled publicly & privately at the financial mumbo jumbo of "unitas" and "bancor" (TIME, April 5 et seq.). Almost to the last vice president they have...
Give & Take. Chief difference in the plans lay in the role gold should play. Keynes would relegate it to a secondary role, letting prewar world trade fix the shares (and voting power) of each nation in the bank. Dr. White would base each nation's credit and voting power...