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"A vested intellectual interest... tinged with a dose of pique"? D. H. Robertson on the National Debt Enquiry

"A vested intellectual interest... tinged with a dose of pique"? D. H. Robertson on the National... to examine the goals and techniques of postwar monetary and debt management policy, including cheap money and the measures necessary to sustain it over the long period.3 When it was finally set up in January 1945, the Enquiry’s committee was a strong one: its membership included Sir Richard Hopkins, the about-to-retire permanent secretary of the Treasury (chair);4 Keynes, Sir Wilfrid Eady, and Sir Herbert Brittain (the senior Treasury officials responsible for financial policy); James Meade (director designate) and Lionel Robbins (director) from the Economic Section of the War Cabinet Offices; and Sir Cornelius Gregg (chair) of the Inland Revenue and Paul Chambers (his director of statistics and intelligence). The Enquiry met three times to hear lectures by Keynes outlining his General Theory analysis of the relation between savings and investment and interest rates and making his proposals for interest rate policy in the postwar period. After a meeting in which the other economists and Treasury officials aired their views, Keynes, Eady, and Brittain were asked to draw up a summary of Keynes’s proposals. At the next meeting the Enquiry discussed the measures and the timing of their introduction, and it was agreed that Sir Richard Hopkins would draft http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png History of Political Economy Duke University Press

"A vested intellectual interest... tinged with a dose of pique"? D. H. Robertson on the National Debt Enquiry

History of Political Economy , Volume 36 (1) – Mar 1, 2004

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Publisher
Duke University Press
Copyright
Copyright 2004 by Duke University Press
ISSN
0018-2702
eISSN
1527-1919
DOI
10.1215/00182702-36-1-187
Publisher site
See Article on Publisher Site

Abstract

to examine the goals and techniques of postwar monetary and debt management policy, including cheap money and the measures necessary to sustain it over the long period.3 When it was finally set up in January 1945, the Enquiry’s committee was a strong one: its membership included Sir Richard Hopkins, the about-to-retire permanent secretary of the Treasury (chair);4 Keynes, Sir Wilfrid Eady, and Sir Herbert Brittain (the senior Treasury officials responsible for financial policy); James Meade (director designate) and Lionel Robbins (director) from the Economic Section of the War Cabinet Offices; and Sir Cornelius Gregg (chair) of the Inland Revenue and Paul Chambers (his director of statistics and intelligence). The Enquiry met three times to hear lectures by Keynes outlining his General Theory analysis of the relation between savings and investment and interest rates and making his proposals for interest rate policy in the postwar period. After a meeting in which the other economists and Treasury officials aired their views, Keynes, Eady, and Brittain were asked to draw up a summary of Keynes’s proposals. At the next meeting the Enquiry discussed the measures and the timing of their introduction, and it was agreed that Sir Richard Hopkins would draft

Journal

History of Political EconomyDuke University Press

Published: Mar 1, 2004

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