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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Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:16:y:2009:i:2:p:301-324
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DOI: 10.1080/09672560902891069
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