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Author: G. C. Peden Publisher: Palgrave ISBN: Category : Biography & Autobiography Languages : en Pages : 76
Book Description
This pamphlet studies the debate between John Maynard Keynes and the Treasury from 1919-1946, and discusses the implications of recent research. The traditional picture of Keynes as a Cassandra with the right solutions to unemployment and inflation has been challenged both by new documentary evidence and by economic historians using quantitative methods. Problems in the managed economy since the 1970's have also cast an undeserved shadow on Keynes's reputation. His ideas, and those of the Treasury, can now be looked at in historical perspective.
Author: G. C. Peden Publisher: Palgrave ISBN: Category : Biography & Autobiography Languages : en Pages : 76
Book Description
This pamphlet studies the debate between John Maynard Keynes and the Treasury from 1919-1946, and discusses the implications of recent research. The traditional picture of Keynes as a Cassandra with the right solutions to unemployment and inflation has been challenged both by new documentary evidence and by economic historians using quantitative methods. Problems in the managed economy since the 1970's have also cast an undeserved shadow on Keynes's reputation. His ideas, and those of the Treasury, can now be looked at in historical perspective.
Author: Roger Middleton Publisher: Routledge ISBN: 1136593993 Category : Business & Economics Languages : en Pages : 265
Book Description
This is a major study of economic policy making in Britain between the wars. It provided the first full-length analysis of the early development of fiscal policy as a tool of modern economic management. The central question addressed is how Keynesian fiscal policies came to be adopted by the British government, with particular attention paid to the role of the Treasury and to that of Keynes himself. Drawing extensively on unpublished documents hitherto untapped by economists or historians, Roger Middleton challenges the widely held view of official economic thinking as an ill-informed group of people holding ‘the Treasury view’ in opposition to Keynes’s prescriptions for deficient demand and mass unemployment. Instead he argues that acceptance of Keynesian economics during the Second World War resulted from political and administrative factors as much as a conversion to Keynesian theory. He investigates the form and impact of fiscal policy during the 1930s and, through a constant employment budget analysis, shows convincingly that at times of rising unemployment governments ignore at their peril the effects of automatic stabilizers upon budgetary stability. Historians and economists welcomed this fresh perspective on a debate of historical as well as contemporary importance. Towards the Managed Economy is essential reading for all those interested in the rise and fall of Keynesian demand management. This classic text was first published in 1985.
Author: G. C. Peden Publisher: OUP Oxford ISBN: 0191542660 Category : History Languages : en Pages : 596
Book Description
This authoritative history of the Treasury provides a new perspective on public policy-making in the twentieth century as it explores the role and functions of the Chancellor of the Exchequer and the consequent implications for the changing role of the Treasury. As the central department in British government, the Treasury plays a key role in decisions on public expenditure, and on raising taxes and loans. Professor Peden traces the development of the Treasury's responsibility for managing the national economy and looks at how it became increasingly involved in international relations from the time of the First World War. In further examining the relations between ministers and their official advisers, this history explores the growing influence of economists in Whitehall.
Author: G. C. Peden Publisher: Records of Social and Economic ISBN: 9780197263228 Category : Biography & Autobiography Languages : en Pages : 404
Book Description
These documents, published here for the first time, present the Treasury's counter-arguments during the period when Keynes was developing the ideas that led to the Keynesian revolution in economic policy. Keynes spent much effort trying to persuade the Treasury to adopt policies designed to raise employment and stabilise prices, and to create an international monetary system that would favour these objectives. His arguments are set out fully in the Royal Economic Society's 30-volume set of The Collected Writings of John Maynard Keynes. In contrast, the views of his Treasury critics have hitherto been much less accessible. Economists and historians have tended to assume that Keynes was right and the Treasury was wrong; this volume shows that the Treasury anticipated the political problems that would be encountered in putting Keynes's ideas into practice. Much of what Keynes published was deliberately polemical: he believed that words should be 'a little wild', for they were 'the assault of thought on the unthinking'. Treasury officials were by no means as unthinking as Keynes tended to portray them, and they had a coherent and intellectually respectable understanding of public finance. Ministers in the inter-war period and early in the Second World War were sensitive to the use that political opponents might make of Keynes's arguments; officials had to provide counter-arguments, and in doing so they revealed much about their views on economics and public finance. Once Keynes became an adviser to the Chancellor of the Exchequer in 1940, the debate became internal to the Treasury, but officials continued to subject Keynes's ideas to critical analysis. The documents in this volume show Treasury responses to Keynes on a range of issues crucial to understanding the period and the context of the Keynesian revolution in public policy. The topics covered include: the return to the gold standard; the use of public expenditure to cure unemployment in the inter-war period; how to avoid inflation in the war; planning for the post-war international economy; and the 1944 white paper on employment policy. This edition is an essential tool for the study of a formative period of British history and a great intellectual debate.
Author: Wattel Publisher: Routledge ISBN: 1315495236 Category : Business & Economics Languages : en Pages : 271
Book Description
Examines the history, contemporary practice, and policy issues of non-union employee representation in the USA and Canada. The text encompasses many organizational devices that are organized for the purposes of representing employees on a range of production, quality, and employment issues.
Author: John Maynard Keynes Publisher: Prometheus Books ISBN: 1615920188 Category : Business & Economics Languages : en Pages : 302
Book Description
John Maynard Keynes (1883-1946) was the most influential economist of the first half of the twentieth century. During both world wars he was an adviser to the British treasury, and his theory of government stimulation of the economy through deficit spending influenced Franklin D. Roosevelt''s "New Deal" administration. The mass unemployment caused by the Great Depression inspired his most famous work, General Theory of Employment, Interest and Money (1935-36).Keynes first gained widespread prominence immediately following World War I, when he attended the Versailles peace conference as an economic adviser to British Prime Minister David Lloyd George. Disgusted with the harshly punitive and unrealistic provisions of the Versailles Treaty, as well as the political chicanery and general incompetence of the chief participants, he published The Economic Consequences of the Peace in 1919. This book gained a good deal of notoriety because of its withering portraits of both French premier Georges Clemenceau and U.S. President Woodrow Wilson. Keynes described Clemenceau as motivated only by shortsighted nationalistic goals and vindictiveness, which aimed at crippling Germany for generations no matter what the consequences to the rest of Europe. He found fault with Wilson for his ivory tower idealism, lack of diplomatic savvy, and unfamiliarity with the political realities of Europe. This ineffectual combination ultimately dashed his best hopes for a League of Nations and a just resolution to the war in Europe. In a point-by-point analysis Keynes makes clear the ruinous consequences of the treaty to all of Europe and proposes substantial modifications. Unfortunately, few appreciated Keynes''s prescience, and he saw his worst fears realized in the rise of Hitler and the devastation of World War II.In The End of Laissez-Faire (1926) he presents a brief historical review of laissez-faire economic policy. Though he agrees in principle that a marketplace of free individuals pursuing their own self-interest without government interference has a better chance of improving society''s economic situation than socialist alternatives, he suggests that government can play a constructive role in protecting individuals from the worst harms of capitalism''s cycles, especially as concerns unemployment. Other useful government functions are the dissemination of information relating to business conditions, encouraging savings and investment along "nationally productive channels," and forming a national policy about the size of population.Keynes''s brilliant mind and lucid writing are evident on every page. Both of these works are still well worth reading for his many stimulating ideas and profound knowledge of economics.
Author: Robert Skidelsky Publisher: Oxford University Press ISBN: 0199591644 Category : Biography & Autobiography Languages : en Pages : 209
Book Description
John Maynard Keynes was one of the most influential economists of the 20th century. His ideas have had a central influence on many of areas of economics used today, both in theory and practice. Lord Robert Skidelsky looks at Keynes's life, his philosophy, his theories, and the legacy he left behind.
Author: John Maynard Keynes Publisher: Simon Publications LLC ISBN: 9781931541138 Category : Business & Economics Languages : en Pages : 312
Book Description
John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.
Author: G. C. Peden
Author: G. C. Peden
Author: Roger Middleton
Author: G. C. Peden
Author: G. C. Peden
Author: Wattel
Author: D. E. Moggridge
Author: John Maynard Keynes
Author: Adrian Ham
Author: Robert Skidelsky
Author: John Maynard Keynes