Abstract

During the last fifteen years one of the minor growth industries in British economics has been the nature, timing and existence of a Keynesian revolution in British economic policy. The subject has spawned a reasonable literature — one sufficiently large that the Economic History Society has devoted one of its “Studies in Economic and Social History” to introduce students and their teachers to the scholarship in the field (Peden, 1988). However, this work has evolved in a fashion that ignores crucial steps in analysis and has ambiguities as to the subject under discussion. It seems useful to examine it again.KeywordsMonetary PolicyFiscal PolicyWhite PaperEconomic SectionPublic WorkThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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