Keynes publishes A Tract on Monetary Reform
Citations (2)
- Lords of Finance whole source · open book
In December 1923, Keynes published a short monograph, A Tract on Monetary Reform, much of which had already appeared as a series of articles in the Manchester Guardian during 1922 and early 1923
chapter: 9. A BARBAROUS RELIC - THE GOLD Standard
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Consequences
what this set in motion, following the causal links
- preceded Keynes attacks the return to gold 1925 Keynes moved from monetary instability to a public attack on the restored gold parity.
- preceded Keynes publishes “The Great Slump of 1930” 1930 The gold-standard argument became part of the wider Depression diagnosis.
- preceded Publication of The General Theory 1936 The Depression journalism preceded the theoretical synthesis.
- enabled Hicks turns Keynes into the IS-LM diagram 1937 Hicks formalized a teachable model from Keynes book.
- enabled Congress passes the Employment Act of 1946 1946 Keynesian economics made full-employment policy intellectually legible after the war.
- preceded Samuelson's Economics mainstreams the Keynesian synthesis 1948 Policy adoption and textbook synthesis reinforced each other in the postwar settlement.
People
- John Maynard Keynes author
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Linked events (1)
- this preceded Keynes attacks the return to gold