Edited by Sheila Dow, Jesper Jespersen and Geoff Tily
Chapter 9: John Maynard Pangloss: Indian Currency and Finance in imperial context
There is a tendency to see Indian Currency and Finance as anticipating Keynes’s later work on international monetary issues, including his proposals for the Bretton Woods conference. This chapter argues, however, that such continuities as there may appear to be are purely technical, relating to the ideas and methods of managing money, and are not original to Keynes’s economic thinking. On the other hand, a vast political chasm and thirty years separate these two endeavours. This chapter demonstrates now unoriginal the common technical elements of these two sets of work were while also showing how politically different they were. In this way, the chapter seeks to provide an appreciation of just how great a distance Keynes travelled from his Marshallian convictions of his earliest days to the critical account of capitalism he eventually arrived at.
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