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The Collected Writings of John Maynard Keynes

by John Maynard Keynes

2020-12-30 06:23:13

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Once the urgent problems of reparations, which had deeply troubled Keynes at the Peace Conference at Versailles, were on their way towards solution, Keynes turned to the equally grave problems of the currencies of Europe and their adjustment to the p... Read more
Once the urgent problems of reparations, which had deeply troubled Keynes at the Peace Conference at Versailles, were on their way towards solution, Keynes turned to the equally grave problems of the currencies of Europe and their adjustment to the post-war world. These issues had been discussed in the series of Reconstruction Supplements of the Manchester Guardian Commercial that he had edited during 1922. In the Tract Keynes drew heavily on his own contributions to that series. This edition makes available the variations between the texts. The Tract remains of interest in three respects. First, it shows the state of Keynes''s thinking about monetary problems and the causes of inflation in the early 1920s. Second, it provides one of the clearest expositions ever written of the determination of forward exchange rates. Third, it shows Keynes already favouring flexible exchange rates as a means of allowing independence in national economic policy. Less

Book Details

File size9.21 X 6.14 X 0.91 in
Print pages456
PublisherCambridge University Press
Publication date November 8, 2012
LanguageEnglish
ISBN9781107673731
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John Maynard Keynes
Author
John Maynard Keynes, 1st Baron Keynes, CB, FBA (5 June 1883 – 21 April 1946) was an English economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic po...

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