The Keynesian Revolution and Its Economic Consequences: Selected Essays by Peter ClarkeThe Keynesian Revolution and its Economic Consequences is a study of John Maynard Keynes as a publicist, expert and theorist and of the economic doctrines associated with his name. It examines the Keynesian revolution in economic theory and policy and shows how Keynesianism as a school of thought departed from the substance of Keynes's own thinking and policy prescription. Peter Clarke places the 'historical' Keynes in the context of his own times and examines the subsequent institutionalization of Keynes. The author presents an historical account of Keynes's own thinking and influences, and offers a reassessment and a non-technical explanation of Keynesian policies, notably budget deficits. The author explores Keynes's major works and ideas within a political context, concluding that greater emphasis should be placed on his ideas about uncertainty and confidence, his thoughts on the complementary roles of public opinion and expertise, his commitment to the politics of persuasion and his challenge to entrenched vested interests. The Keynesian Revolution and its Economic Consequences will be of interest to historians and scholars of economic thought and economic policy as well as economic historians. |
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... National Debt . The institution of a new sinking fund from 1875 introduced a further complexity since this was a fixed , planned total , not a more or less accidental outcome.24 The new sinking fund was essentially an ex ante figure ...
... National Loans Fund less any surplus from the Consolidated Fund plus the surplus of the National Insurance Fund plus departmental balances . The PSBR is simply the total of the central government borrowing requirement plus that of the ...
... National Expenditure , Report , Cmd 3920 ( 1931 ) , par . 30 ; cf. summary , par . 564 . 38. JMK , vol . 21 , pp . 143 , 145 ( New Statesman , 15 Aug. 1931 ) . 39. JMK , vol . 9 , p . 147 . 40. JMK , vol . 9 , p . 240 ( Evening Standard ...
Contents
between the wars | 143 |
the case | 175 |
Keynes Buchanan and the balanced budget doctrine | 190 |
Copyright | |
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