Keynes and India, 1909-1913: a study on foreign investment policy

Carlo Cristiano

The European Journal of the History of Economic Thought, 2009, vol. 16, issue 2, 301-324

Abstract: Keynes's work on India before the First World War concentrated on analysis of the gold exchange standard and the stabilization of the rupee external value. Indian monetary arrangements were framed into a plan for foreign investment, implemented by the India Office in London. This policy, which was a typical example of public control over investments, occasioned Keynes's first job as an applied economist. Although neglected by Keynesian scholarship, this learning by doing experience is likely to have played a significant role in the young economist's training and education.

Keywords: Keynes; India; foreign investment; monetary policy; gold standard; gold exchange standard (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1080/09672560902891069

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