Keynes publishes “The Great Slump of 1930”
Citations (2)
- Lords of Finance whole source · open book
IN December 1930, Maynard Keynes published an article titled “The Great Slump of 1930,” in which he described the world as living in “the shadow of one of the greatest economic catastrophes of modern history.”
chapter: 18. MAGNETO TROUBLE - 1930-31
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Consequences
what this set in motion, following the causal links
- 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 (2)
- this preceded Publication of The General Theory
- Keynes attacks the return to gold preceded this