Details
Author:
Keynes J. Keynes
Publication Date:
1925
Publication Place:
Moscow, Leningrad
Description:
In Russian. Keynes J. Keynes. Keynes JM The Economic Consequences of Mr. Churchill's Monetary Policy. With a preface by G.I. Lomova M.-L. Central Printing Department of the Supreme Council of National Economy-USSR 1925 44 p. Moscow, Leningrad: Central Printing Department of the Supreme Council of National Economy-USSR, 1925. In 1925, the eminent economic theorist John Maynard Keynes urged the Chancellor of the Exchequer, the great Winston Churchill, not to introduce the gold standard in Great Britain. However, contrary to the recommendations, Churchill decided to return to the gold standard. Keynes followed this with a pamphlet titled ""The Economic Consequences of Mr. Churchill's Monetary Policy,"" which predicted that such a decision would lead to economic overvaluation and chronic unemployment. Keynes was right. In 1931, six years later, Great Britain abandoned the gold standard, while it had already managed to damage the country's economy. John Maynard Keynes (1883-1946) - an outstanding English economist; since 1920 - professor at Cambridge. He made a ""Keynesian revolution"" in the economy with the book ""The General Theory of Employment, Interest and Money"" (1936). In his theories, he developed the ideas of regulated state intervention in the market economy. Keynes's ideas to no small extent helped the developed countries of the West to emerge from the Great Depression of the 1930s. We have thousands of titles and often several copies of each title may be available. Please feel free to contact us for a detailed description of the copies available. SKUMS002184
SKU:
lom-MS002184
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