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Titlebook: Keynes, The Treasury and British Economic Policy; G. C. Peden Textbook 1988Latest edition The Economic History Society 1988 economic polic

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International Monetary Policy,, public investment as an employment policy, macroeconomic concepts and fiscal policy — it is convenient to consider the first on its own before looking at the others. It was over the return to the gold standard in 1925 that Keynes had one of his most celebrated disagreements with the Treasury, but
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How to Pay for the War,ed by Keynes as ‘a revolution in public finance’ [85: .] in that, together with an accompanying White Paper on national income and expenditure, it dealt with aggregate demand and supply, and was no longer simply a cash balance sheet of central government income and expenditure. However, it was a rev
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,A ‘Keynesian Revolution’?,finition of what such a revolution would imply. Winch [150: .] was content to state that the Keynesian revolution was not limited to employment policy, but was best thought of ‘as a rational approach to the problems of economic management in general’, including price stability. Such a definition is
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