Introduction: Some of the Problems

Graeme S. Dorrance

A chapter in National Monetary and Financial Analysis, 1978, pp 1-5 from Palgrave Macmillan

Abstract: Abstract At the end of Hitler’s War, ‘Keynesian’ economics was at its apogee. Inflation in the developed countries was regarded as a problem that would disappear once the postwar adjustments could be made. Demand management based on fiscal policy could ensure full employment and prevent the resurgence of a ‘Great Depression’. There was to be no important role for interest rate or other financial policies beyond ensuring ‘the euthanasia of the rentier’.

Keywords: Interest Rate; Utility Pattern; Financial Behaviour; Financial Policy; Economic Unit (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15858-4_1

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DOI: 10.1007/978-1-349-15858-4_1

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