The Keynesian restoration

Guy Routh

Chapter 6 in The Origin of Economic Ideas, 1989, pp 283-313 from Palgrave Macmillan

Abstract: Abstract Seen from a safe distance, over a gap of forty or fifty years, the world of the thirties has a certain fascination. Aspects of its atmosphere have been captured in films — The Sting, Paper Moon, Cabaret. A time of dissolution, destruction, despair, but, as well, of moral issues so plain that the agonies of indecision and alienation that afflict our modern youth were unknown. If you were unemployed, the issue was survival; if you had property, to defend it; if you had heart, to transform the world. In Germany, Communists, Social Democrats and National Socialists fought in the streets; in the United States, Huey Long, Father Coughlin and the German-American Bund were offering their brand of salvation while radical movements flourished; in France, Spain and Britain, the forces of reaction, reform and revolution were in confrontation.

Keywords: Real Wage; Evening News; Capitalist World; Effective Demand; Marginal Propensity (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20169-3_6

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DOI: 10.1007/978-1-349-20169-3_6

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