Keynes and After |
Contents
KEYNES THE MAN | 17 |
ECONOMICS BEFORE KEYNES | 25 |
UNEMPLOYMENT BETWEEN THE WARS | 54 |
11 other sections not shown
Common terms and phrases
accelerator principle actually amount of money argued assets average balance of payments bancor borrowing Britain British Budget businessmen cent Central Bank changes Chapter coffee grinders consumption and investment countries currency deflation determined devaluation down-swing economists economy effective demand equilibrium example excess demand exchange rate exports fact factor of production fall finance firms full employment gold standard government expenditure government securities growth happen heavy unemployment higher important incomes policy increase industries inflation interest rates Keynes Keynes's Keynesian labour force less level of employment machinery Malthus marginal propensity ment microeconomic monetarists money supply money wages National Income output particular Pigou effect ployment pre-war problem profits propensity to consume rate of interest real wages reason reduce reserve currency reserves result Ricardo risen rising prices Say's Law slump spend sterling supply of money thing tion trade cycle unemployed up-swing wages and prices want to save workers world liquidity