Word: keynesism
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Then the technicians went to work. For seven and a half hours they compared decimal points : provisos for excess-profits-tax bills, Canadian taxes, similar economic brain-crackers. They also discussed English Economist John Maynard Keynes's plan for curtailing workers' current wages by giving them a prior...
As German bombers continued their efforts to burn down London, not a few superbly sunny-sided Britons last week harked back to Sir Christopher Wren and the Great Fire of 1666. Sir Christopher, whose greatest architectural monument is St. Paul's Cathedral, which so far has enjoyed a number...
The house received the speech with marked apathy. Members rose and left, until fully one-third of the seats were empty. When he finished, not a single Cabinet member was present. The people, when they heard of it, received the speech with more than apathy-disappointment that they had not...
"Willing Exertions." In the most significant part of his budget speech the Chancellor left no doubt that His Majesty's Government stands for preserving as much laissez faire in British economy as stress of war permits. He said he had carefully considered but had finally rejected the famed scheme...
Nettled Professor Keynes sour-graped: "It is a cowardly budget and therefore it's popular!"