KEYNES, John Maynard.

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How to Pay for the War. First edition, the uncorrected version of Keynes's attempt to "reconcile the demands of War and the claims of private consumption" (p. iii). A corrected version, the second impression, was issued a few months later in orange printed boards. In arguably his most successful work of persuasion, Keynes applies his General Theory to the wartime economy. He advocates a system of compulsory saving - euphemistically termed "deferred pay" (p. 30). "Apart from suggesting ways of adding greatly to the financial resources of the government, this inaugurated the idea of an iron ration at low, fixed prices of a list of necessities in lower-income budgets, with government subsidies if required. He proposed also to assist families with low incomes by introducing family allowances payable directly to the mother" (ODNB).

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