By John Maynard Keynes
This reissue of the authoritative Royal monetary Society variation of Essays in Persuasion incorporates a new advent via Donald Moggridge, which discusses the importance of this definitive paintings. The essays during this quantity exhibit Keynes' makes an attempt to persuade the process occasions via public persuasion over the interval of 1919-40.
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Additional info for Essays in Persuasion
He attempted to convince the Labour Party and the trade unions who, to put it mildly, had been unenthusiastic about his proposals, of their underlying soundness while altering the details. On 17 January 1940 he met with Eleanor Rathbone and Eva Hubback, long-standing advocates of family allowances. On 24 January he spent the morning with members of Labour’s Front Bench and went on in the afternoon to meet a committee of the General Council of the Trades Union Congress. In the weeks that followed he spoke to meetings of MPs and the Fabian Society while continuing discussions with fellow economists of all political persuasions, City representatives and friends.
Corrections to this Edition Page xi Line 3–4 xi 34 47 36 10 68 253 297 315 438 11 5 35 5 37 The Keynes Papers are now held at the Modern Archive Centre of King’s College, Cambridge. The completed edition now consists 30 volumes For ‘the’ read ‘be’. The sign § should precede the paragraph starting ‘Such a settlement’. For ‘mortgages’ read ‘mortgagees’. For ‘25’ read ‘24’. For ‘it’ read ‘is’. For ‘autnes’ read ‘autres’. For ‘IXII’ read ‘XXII’. l PART I THE TREATY OF PEACE 1 PAR I S (191 9) From The Economic Consequences of the Peace (1919), chapter ductory'.
But these concessions cost real resources; so Keynes had to make his scheme generate more revenue. He recommended that children’s allowances under the income-tax system be reduced to zero. He also increased the progression of the combined rates of income tax and compulsory savings with the top rate rising to 85 rather than 80 per cent. Finally he proposed, at the suggestion of Friedrich Hayek, that the repayment of compulsory savings be financed by a progressive capital levy. Thus he had ‘endeavoured to snatch from the exigency Introduction to New Edition xlv of war positive social improvements’ including ‘advances towards economic equality greater than any which we have made in recent times’ (368).
Essays in Persuasion by John Maynard Keynes