Over the course of his life, Keynes often abandoned ideas previously developed and at times assumed positions which were contradictory to his earlier thought. This inconsistency, it is charged, is especially true of his thinking in the field of international economics where he alternated between fee trade and protection. This book, first published in 1987, examines in detail the positions that Keynes adopted in the years 1909-1946.
Part 1. Keynes’ Nationalism as Evidenced by His Opposition to the International Gold Standard 1. Introduction 2. Keynes’ Opposition to the Pre-World War I Gold Standard: It Hampered the Monetary Authority in its Attempt to Protect the Economy from Internal and External Disquiet 3. Keynes’ Opposition to the Traditional Gold Standard and the Pursuance of Autonomous Monetary Policies 4. Keynes’ Opposition to the Pre-World War I Gold Standard: Disruption of Internal Price Stability 5. Keynes’ Prior Concern with the Promotion and Maintenance of Domestic Equilibrium 6. Keynes’ Quest for National Autonomy Part 2. The Evolution of Keynes’ Thinking on Foreign Trade Theory and Policy 7. Keynes’ Early Free Trade Views 8. The Treatise on Money 9. Addendum I to the Macmillan Report 10. The Revenue Tariff Episode 11. Great Britain’s Abandonment of the Gold Standard 12. The Means to Prosperity 13. National Self-Sufficiency Part 3. Keynes’ Foreign Trade Views During the Era of the General Theory 14. The Theory of Employment and its Implications for International Economics 15. The Nature of Investment and Its Implications for International Economics 16. Keynes Is Sympathetic Towards a Protectionist Policy in His Treatment of Mercantilism 17. Keynes’ Foreign Trade Views in the Period Prior to World War II Part 4. Keynes of the World War II Era 18. The International Currency Proposals 19. Keynes’ Formulation of the Clearing Union and His Subsequent Endorsement of the International Monetary Fund Agreement 20. The Anglo-American Financial Arrangements 21. Conclusion