Did Britain have a ‘Keynesian revolution’?

The common understanding of the phrase, ‘the Keynesian revolution’, is a reappraisal of the theory of fiscal policy after the publication of Keynes’s The General Theory of Employment, Interest and Money in 1936, followed by the practical adoption of the new ideas by the major industrial countries in...

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Tipo de recurso:
Part of book
Fecha de publicación:
2007
Institución:
Universidad de Bogotá Jorge Tadeo Lozano
Repositorio:
Expeditio: repositorio UTadeo
Idioma:
eng
OAI Identifier:
oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/15425
Acceso en línea:
http://hdl.handle.net/20.500.12010/15425
Palabra clave:
Keynesian
Economía -- Teorías
Desarrollo económico
Economía
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Abierto (Texto Completo)
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dc.title.spa.fl_str_mv Did Britain have a ‘Keynesian revolution’?
title Did Britain have a ‘Keynesian revolution’?
spellingShingle Did Britain have a ‘Keynesian revolution’?
Keynesian
Economía -- Teorías
Desarrollo económico
Economía
title_short Did Britain have a ‘Keynesian revolution’?
title_full Did Britain have a ‘Keynesian revolution’?
title_fullStr Did Britain have a ‘Keynesian revolution’?
title_full_unstemmed Did Britain have a ‘Keynesian revolution’?
title_sort Did Britain have a ‘Keynesian revolution’?
dc.subject.spa.fl_str_mv Keynesian
topic Keynesian
Economía -- Teorías
Desarrollo económico
Economía
dc.subject.lemb.spa.fl_str_mv Economía -- Teorías
Desarrollo económico
Economía
description The common understanding of the phrase, ‘the Keynesian revolution’, is a reappraisal of the theory of fiscal policy after the publication of Keynes’s The General Theory of Employment, Interest and Money in 1936, followed by the practical adoption of the new ideas by the major industrial countries in the 1940s and 1950s. Specifically, whereas before the Keynesian revolution governments’ priority in fiscal policy was to maintain a balanced budget, afterwards the budgetary balance was varied contra-cyclically in order to reduce fluctuations in economic activity. Britain is often regarded as the home of the Keynesian revolution. For example, the opening sentence of chapter VII of Christopher Dow’s The Management of the British Economy 1945–60 asserts, ‘There is probably no country in the world that has made a fuller use than the UK of budgetary policy as a means of stabilizing the economy.’1 The characterization of British macroeconomic policy as ‘Keynesian’ in the immediate post-war decades has become routine and unchallenged in standard textbooks.
publishDate 2007
dc.date.created.none.fl_str_mv 2007
dc.date.accessioned.none.fl_str_mv 2020-11-05T15:07:19Z
dc.date.available.none.fl_str_mv 2020-11-05T15:07:19Z
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dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/20.500.12010/15425
url http://hdl.handle.net/20.500.12010/15425
dc.language.iso.spa.fl_str_mv eng
language eng
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dc.rights.local.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
http://purl.org/coar/access_right/c_abf2
dc.format.extent.spa.fl_str_mv 31 páginas
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dc.publisher.spa.fl_str_mv Elgar
institution Universidad de Bogotá Jorge Tadeo Lozano
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spelling 2020-11-05T15:07:19Z2020-11-05T15:07:19Z2007http://hdl.handle.net/20.500.12010/15425The common understanding of the phrase, ‘the Keynesian revolution’, is a reappraisal of the theory of fiscal policy after the publication of Keynes’s The General Theory of Employment, Interest and Money in 1936, followed by the practical adoption of the new ideas by the major industrial countries in the 1940s and 1950s. Specifically, whereas before the Keynesian revolution governments’ priority in fiscal policy was to maintain a balanced budget, afterwards the budgetary balance was varied contra-cyclically in order to reduce fluctuations in economic activity. Britain is often regarded as the home of the Keynesian revolution. For example, the opening sentence of chapter VII of Christopher Dow’s The Management of the British Economy 1945–60 asserts, ‘There is probably no country in the world that has made a fuller use than the UK of budgetary policy as a means of stabilizing the economy.’1 The characterization of British macroeconomic policy as ‘Keynesian’ in the immediate post-war decades has become routine and unchallenged in standard textbooks.31 páginasapplication/pdfengElgarKeynesianEconomía -- TeoríasDesarrollo económicoEconomíaDid Britain have a ‘Keynesian revolution’?Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2http://purl.org/coar/resource_type/c_3248Congdon, TimORIGINAL[9781847201393 - Keynes, the Keynesians and Monetarism] Did Britain have a ‘Keynesian Revolution’_.pdf[9781847201393 - Keynes, the Keynesians and Monetarism] Did Britain have a ‘Keynesian Revolution’_.pdfVer capítuloapplication/pdf184027https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/15425/1/%5b9781847201393%20-%20Keynes%2c%20the%20Keynesians%20and%20Monetarism%5d%20Did%20Britain%20have%20a%20%e2%80%98Keynesian%20Revolution%e2%80%99_.pdff2601f890a18be41c77b3d733e5f7848MD51open accessLICENSElicense.txtlicense.txttext/plain; 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