The Raising of Prices |  | Author: John M. Keynes
Publisher: Signalman Publishing
Category: eBooks
In Stock
Sales Rank: 236,277
Format: Kindle Book
Media: Kindle Edition
ASIN: B0025KVLZ6
Publication Date: April 6, 2009
| |
| Similar Items:
| |
| Editorial Reviews:
Product Description
It has been said that history has a way of repeating itself. Could the economic history of the 1930's be repeating (or about to repeat) itself in today's world albeit with updated technology? This piece from the renowned 20th century economist John Maynard Keynes reveals a part of the many ongoing discussions of the time among senior policy makers about appropriate government action to deal with the effects of what came to be known world-wide as the "Great Depression". After a time of inflation and currency devaluation, there came to be a period of significant deflation brought on by massive economic contraction. The policy discussions centered on ways to begin to increase prices (which was merely a symptom of the larger systemic economic problems). Keynes weighs in to the discussion arguing that "there is no effective means of raising world prices except by increasing loan-expenditure throughout the world." He then goes on to discuss various strategies to achieve this increased loan expenditure--noting that a big impediment is the lack of confidence by the banks in lending.
This work is very insightful in analyzing the economic situation of the 1930's and evaluating the governmental response.
As a bonus, this edition comes with a preface by Gian Piero who provides some context and a counterpoint to Keynes' position.
|
|
|
