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Author: Heinz Wolfgang Arndt
Publisher:
ISBN: 9780731510580
Category : Keynesian economics
Languages : en
Pages : 22
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Author: Heinz Wolfgang Arndt
Publisher:
ISBN: 9780731510580
Category : Keynesian economics
Languages : en
Pages : 22
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Book Description
Author: John Maynard Keynes
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 40
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Author: James Ashley Morrison
Publisher: Cornell University Press
ISBN: 1501758446
Category : Business & Economics
Languages : en
Pages : 403
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Book Description
In England's Cross of Gold, James Ashley Morrison challenges the conventional view that the UK's ruinous return to gold in 1925 was inevitable. Instead, he offers a new perspective on the struggles among elites in London to define and redefine the gold standard—from the first discussions during the Great War; through the titanic ideological clash between Winston Churchill and John Maynard Keynes; to the final, ill-fated implementation of the "new gold standard." Following World War I, Churchill promised to restore the ancient English gold standard—and thus Britain's greatness. Keynes portended that this would prove to be one of the most momentous—and ill-advised—decisions in financial history. From the vicious peace settlement at Versailles to the Great Depression, the gold standard was central to the worst disasters of the time. Economically, Churchill's move exacerbated the difficulties of repairing economies shattered by war. Politically, it set countries at odds as each endeavored to amass gold, sowing the seeds of further strife. England's Cross of Gold, grounded in masterful archival research, reveals that these events turned crucially on the beliefs of a handful of pivotal policymakers. It recasts the legends of Churchill, Keynes, and their collision, and it shows that the gold standard itself was a metaphysical abstraction rooted more in mythology than material reality.
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Author: John Maynard Keynes
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 32
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Author: James Morrison
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Winston Churchill's decision in April of 1925 to resume convertibility of the Pound Sterling at the pre-WWI parity prompted one the greatest financial crises of the century. Churchill chose this course despite John Maynard Keynes' prescient predictions that deflation, unemployment, and domestic unrest would follow. This paper attempts to explain Churchill's fateful decision. It argues that Churchill was intimately familiar with Keynes' insistence that the return to gold would create transitional unemployment. Churchill, however, was principally concerned with the structural unemployment endemic to the postwar economy. Keynes' theory, however, did not account for structural unemployment. Churchill gambled that the drastic policy would force through fundamental adjustments necessary to meet the realities of Britain's new position in the world economy. Keynes' failure to influence Churchill in 1925 illuminated the gaps in his policy-making framework and drove his subsequent intellectual development. This paper follows in the tradition of those scholars who have shown the influence of positive ideas and intellectuals on policy. Borrowing from work on the history of science, it attempts to link the development and construction of these ideas with their adoption and implementation.
Author: Peter Clarke
Publisher: A&C Black
ISBN: 1408831236
Category : Biography & Autobiography
Languages : en
Pages : 370
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Book Description
In 1953, Winston Churchill received the Nobel Prize for Literature. In fact, Churchill was a professional writer before he was a politician, and published a stream of books and articles over the course of two intertwined careers. Now historian Peter Clarke traces the writing of the magisterial work that occupied Churchill for a quarter century, his four-volume History of the English-Speaking Peoples.As an author, Churchill faced woes familiar to many others; chronically short of funds, late on deadlines, scrambling to sell new projects or cajoling his publishers for more advance money. He signed a contract for the English-Speaking project in 1932, a time when his political career seemed over. The magnum opus was to be delivered in 1939, but in that year, history overtook history-writing. When the Nazis swept across Europe, Churchill was summoned from political exile to become Prime Minister. The English-Speaking Peoples would have to wait.The book would indeed be written and become a bestseller, after Churchill left public life. But even before he took office, the massive project was shaping his worldview, his speeches and his leadership. In these pages, Peter Clarke follows Churchill's monumental quest to chronicle the English-Speaking Peoples - a quest that helped to define the enduring 'special relationship' between Britain and America. In the process, Clarke gives us not just an untold chapter in literary history, but a fresh perspective on this iconic figure: a life of Churchill the author.
Author: Anne Wiemer Farley
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 0
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Book Description
Interwar Europe was largely impacted by three major events: World War I and the postwar Treaty of Versailles, the Bolshevik Revolution, and the Great Depression. The British Empire, like the rest of Europe, had to find a way to pay its war debts, prevent the spread of communism, and fix the depressed economy. Britain came out of the period without falling to an extremist, authoritarian government that threatened the peace in Europe. During the late interwar period, three men contributed to the successful British war effort that eventually helped save Europe from Hitler and the Nazis. Winston Churchill is the most visible figure because he was the wartime prime minister who accurately predicted the aggressive nature of Germany's Nazi regime, establishing the Grand Alliance that had eluded his predecessor. John Maynard Keynes helped identify faults in the Versailles Treaty that would be rectified at the end of World War II, and he also helped the British economy survive the war. Though highly criticized for the British policy of appeasement, prime minister Neville Chamberlain rearmed the country and removed Britain from the gold standard in order to successfully revive the economy during the Great Depression. All three of these men made mistakes during this period as well, but only Chamberlain's name was tarnished as a result. Though Keynes and his economic theory do not appeal to everyone, he is still esteemed as a brilliant economist. Churchill caused the starvation death of three million Indian citizens yet is still celebrated as the savior of Europe. Chamberlain is saddled with the misconception that he failed to stand up to Hitler, making a war inevitable, despite his work mitigating the damage the Great Depression inflicted on the British economy. There is much more to the history of this period. This thesis compares the accomplishments and the mistakes of these three prominent British men and argues for a more balanced view of their contributions to the war effort as well as the postwar settlement.
Author: John Maynard Keynes
Publisher: Pickle Partners Publishing
ISBN: 1787209555
Category : History
Languages : en
Pages : 315
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Book Description
Of the fifteen famous scientists, economists and statesmen sketched in this collection of essays, which was first published in 1933, John Maynard Keynes was directly acquainted with all but three. The unique quality of immediacy in these biographical fragments contributes immensely to our more intimate appreciation of the historical significance of these men. This volume is made up of two parts: The first part, titled Sketches of Politicians, includes chapters on Lloyd George, Bonar Law, Lord Oxford and Sir Winston Churchill. The greater portion of the second part, Lives of Economists, is taken up with the lives of Robert Malthun, Alfred Marshall and F. Y. Edgeworth. All are literature, and the reader needn’t be an economist or a specialist to enjoy the excellent flavor of Keynes’ style of writing.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Offers information on British statesman and writer Winston Churchill (1874-1965), British historian and biographer Lytton Strachey (1880-1932), English economist John Maynard Keynes (1883-1946), and English author Virginia Woolf (1882-1941). Provides bibliographical information, links to web sites, and videographies. The information is provided by Maurice London.
Author: John Maynard Keynes
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
