KEYNES, John Maynard.

£250 · Offered by Peter Harrington · No longer available

The Means to Prosperity. First edition, first impression, of these four expanded articles in which Keynes comes close to articulating deficit finance. The articles appeared in The Times between 13 and 16 March 1933, in advance of the London Economic Conference.In these articles, we "begin to get the first inkling of an idea, more radical than anything recommended so far, that the Chancellor of the Exchequer should pump in additional purchasing power, not only by financing public works through loans, but also by remitting taxation without reducing current expenditure. This is almost 'deficit finance' in the full sense" (Harrod, p. 441).

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