|
How To Pay For The War
''How to Pay for the War: A Radical Plan for the Chancellor of the Exchequer'' is a book by John Maynard Keynes, published in 1940 by Macmillan and Co., Ltd. It is an application of Keynesian thinking and principles to a practical economic problem and a relatively late text. The author Keynes died in 1946. Summary In ''How to Pay for the War'', John Maynard Keynes describes a macroeconomic strategy of how Britain, a nation with a population at the time of 40 million people, could conduct a long war (World War II) against Germany, a nation of 80 million. At the time ''How to Pay for the War'' was written, neither the United States nor the Soviet Union were at war with either Germany or Japan. As a result, the first step for Britain to effectively conduct a war against Germany was to mobilize all its resources for production. Thus, the first two chapters of ''How to Pay for the War'', are an argument for the need for full employment and chapter 3, ''Our Output Capacity and The Na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
How To Pay For The War, Book
How may refer to: * How (greeting), a word used in some misrepresentations of Native American/First Nations speech * How, an interrogative word in English grammar Art and entertainment Literature * ''How'' (book), a 2007 book by Dov Seidman * ''HOW'' (magazine), a magazine for graphic designers * H.O.W. Journal, an American art and literary journal Music * ''How?'' (EP), by BoyNextDoor, 2024 * "How?" (song), by John Lennon, 1971 * "How", a song by Clairo from ''Diary 001'', 2018 * "How", a song by the Cranberries from ''Everybody Else Is Doing It, So Why Can't We?'', 1993 * "How", a song by Daughter from '' Not to Disappear'', 2016 * "How", a song by Lil Baby from '' My Turn'', 2020 * "How", a song by Maroon 5 from '' Hands All Over'', 2010 * "How", a song by Regina Spektor from ''What We Saw from the Cheap Seats'', 2012 * "How", a song by Robyn from ''Robyn Is Here'', 1995 Other media * HOW (graffiti artist), Raoul Perre, New York graffiti muralist * ''How'' (TV serie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forced Savings
In economics, forced saving occurs when the spending of a person is less than their earnings, due to the consumer goods shortages which can cause hyperinflation. Forced saving can also happen when available goods are too expensive, therefore a person who has no access to credit has to accumulate the money for their purchase over an extended period of time. at the '''' lexicon Forced saving holds a major role in describing how expansionary monetary policy in turn can cause artificial booms. Unlike saving money, forced saving is involuntarily decreasing present consumption, whilst saving money is voluntarily lowering present consumption for an increase of consumpti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Full Employment
Full employment is an economic situation in which there is no cyclical or deficient-demand unemployment. Full employment does not entail the disappearance of all unemployment, as other kinds of unemployment, namely structural and frictional, may remain. Full employment does not entail 100% employment-to-population ratio. For instance, workers who are "between jobs" for short periods of time as they search for better employment are not counted against full employment, as such unemployment is frictional rather than cyclical. An economy with full employment might also have unemployment or underemployment where part-time workers cannot find jobs appropriate to their skill level, as such unemployment is considered structural rather than cyclical. Full employment marks the point past which expansionary fiscal and/or monetary policy cannot reduce unemployment any further without causing inflation. Some economists define full employment somewhat differently, as the unemployment rate at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Books By John Maynard Keynes
A book is a structured presentation of recorded information, primarily verbal and graphical, through a medium. Originally physical, electronic books and audiobooks are now existent. Physical books are objects that contain printed material, mostly of writing and images. Modern books are typically composed of many pages Bookbinding, bound together and protected by a Book cover, cover, what is known as the ''codex'' format; older formats include the scroll and the Clay tablet, tablet. As a conceptual object, a ''book'' often refers to a written work of substantial length by one or more authors, which may also be distributed digitally as an electronic book (ebook). These kinds of works can be broadly Library classification, classified into fiction (containing invented content, often narratives) and non-fiction (containing content intended as factual truth). But a physical book may not contain a written work: for example, it may contain ''only'' drawings, engravings, photographs, s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation In The United Kingdom
The Consumer Price Index (CPI) is the official measure of inflation in consumer prices in the United Kingdom. It is also called the Harmonised Index of Consumer Prices (HICP). History The traditional measure of inflation in the UK for many years was the Retail Prices Index (RPI), which was first calculated in the early 20th century to evaluate the extent to which workers were affected by price changes during the First World War. The main index was described as the Interim Index of Retail Prices from 1947 to 1955. In January 1956, it was rebased and renamed the Index of Retail Prices. In January 1962, this was replaced by the General Index of Retail Prices, which was again rebased at that time. A further rebasing occurred in January 1987, subsequent to the issue of the first index-linked gilts. RPIX An explicit inflation target was first set in October 1992 by Chancellor of the Exchequer Norman Lamont, following the UK's departure from the Exchange Rate Mechanism. Initially, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategy
Strategy (from Greek στρατηγία ''stratēgia'', "troop leadership; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the " art of the general", which included several subsets of skills including military tactics, siegecraft, logistics etc., the term came into use in the 6th century C.E. in Eastern Roman terminology, and was translated into Western vernacular languages only in the 18th century. From then until the 20th century, the word "strategy" came to denote "a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills" in a military conflict, in which both adversaries interact. Strategy is important because the resources available to achieve goals are usually limited. Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1940 In The United Kingdom
Year 194 ( CXCIV) was a common year starting on Tuesday of the Julian calendar. At the time, it was known as the Year of the Consulship of Septimius and Septimius (or, less frequently, year 947 ''Ab urbe condita''). The denomination 194 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Decimus Clodius Septimius Albinus Caesar became a Roman Consul. * Battle of Issus: Septimius Severus marches with his army (12 legions) to Cilicia, and defeats Pescennius Niger, Roman governor of Syria. Pescennius retreats to Antioch, and is executed by Severus' troops. * Septimius Severus besieges Byzantium (194–196); the city walls suffer extensive damage. Asia * Battle of Yan Province: Warlords Cao Cao and Lü Bu fight for control over Yan Province; the battle lasts for over 100 days. * First year of the ''Xingping'' era during the Han Dynasty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Controls
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or alternatively to ensure a minimum income for providers of certain goods or to try to achieve a living wage. There are two primary forms of price control: a price ceiling, the maximum price that can be charged; and a price floor, the minimum price that can be charged. A well-known example of a price ceiling is Rent regulation, rent control, which limits the increases that a landlord is permitted by government to charge for rent. A widely used price floor is minimum wage (wages are the price of labor). Historically, price controls have often been imposed as part of a larger incomes policy package also employing wage controls and other regulatory elements. Although price controls are routin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes ( ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the schools of economic thought, school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream economics, mainstream macroeconomics. He is known as the "father of macroeconomics". During the Great Depression of the 1930s, Keynes spearheaded Keynesian Revolution, a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kingsley Wood
Sir Howard Kingsley Wood (19 August 1881 – 21 September 1943) was a British Conservative politician. The son of a Wesleyan Methodist minister, he qualified as a solicitor, and successfully specialised in industrial insurance. He became a member of the London County Council and then a Member of Parliament. Wood served as junior minister to Neville Chamberlain at the Ministry of Health, establishing a close personal and political alliance. His first cabinet post was Postmaster General, in which he transformed the British Post Office from a bureaucracy to a business. As Secretary of State for Air in the months before the Second World War he oversaw a huge increase in the production of warplanes to bring Britain up to parity with Germany. When Winston Churchill became Prime Minister in 1940, Wood was made Chancellor of the Exchequer, in which post he adopted policies propounded by John Maynard Keynes, changing the role of HM Treasury from custodian of government income and expe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
