Edited by Robert W. Dimand and Harald Hagemann
Chapter 7: Keynes and British financial policy in the inter-war period
During 1919–39 Keynes may have been “an outlaw from British official circles” but he nonetheless was often consulted by officials and, more often, made public recommendations for domestic and international economic policy. As this chapter shows, these activities included his advocacy of “dear money” to counter post-war inflation 1919–20; many “Keynes plans” for reform of the international monetary system put forward in A Tract on Monetary Reform, the applied volume of A Treatise on Money and elsewhere; his well-known advice to Chancellor of the Exchequer Winston Churchill not to return Britain to the gold standard at pre-war parity in April 1925; his memberships of the Committee on Finance and Industry 1929–31 and of the Economic Advisory Council from 1930; the proposals of The Means to Prosperity in 1933 and “How to pay for a slump” in 1937; and, finally, in 1939 preparations for financing a war.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.