John Maynard Keynes, Volume 1The culmination of these efforts was his famous anti-inflationist tract, How to Pay for the War, whose logic, and supporting national income accounts, was accepted as the basis of Kingsley Wood's budget of 1941. For the rest of his life Keynes was involved in difficult financial negotiations with the United States, first to establish conditions of American help to Britain, then to devise a postwar financial system that satisfied American requirements without sacrificing Britain's interests, and finally, and most traumatically, to get Britain a loan to tide it over the first postwar years. When he died in 1946, Lionel Robbins wrote, "He gave his life for his country, as surely as if he had fallen on the field of battle." |
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Page xviii
... theory construction ; the validity of a theory is measured by its success in doing the scientific work it claims to do - i.e . , actually ... theory of probability to his interwar innovations in economic theory . A full xviii PREFACE.
... theory construction ; the validity of a theory is measured by its success in doing the scientific work it claims to do - i.e . , actually ... theory of probability to his interwar innovations in economic theory . A full xviii PREFACE.
Page 214
... THEORY OF MONEY The history of the Keynesian revolution is largely a story of Keynes's escape from the quantity theory of money . What is interesting to the student of Keynes's thought is how little hint of escape there was before the ...
... THEORY OF MONEY The history of the Keynesian revolution is largely a story of Keynes's escape from the quantity theory of money . What is interesting to the student of Keynes's thought is how little hint of escape there was before the ...
Page 220
... theory by empirical methods , concluding [ 1912 ] that ' the inductive verifications of the adherents of the [ quantity ] theory have been , I think , nearly as fallacious as those of its opponents'.38 But this was a weakness of statis ...
... theory by empirical methods , concluding [ 1912 ] that ' the inductive verifications of the adherents of the [ quantity ] theory have been , I think , nearly as fallacious as those of its opponents'.38 But this was a weakness of statis ...
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Hopes betrayed, 1883-1920, Volume 2 Robert Skidelsky,Robert Jacob Alexander Skidelsky No preview available - 1992 |
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