10. Do you agree with Temin and Vines.docx

Jed thinks that the latter view is easier to hold but

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information/changes in the global economy. Jed thinks that the latter view is easier to hold, but I personally would recommend that you do not choose to answer this question as the other Section B questions are easier to grapple with. Keynes changing positions: Pre-WWI: Prior to the outbreak of World War One, Keynes adopted a more internationalist outlook. Essentially, he was Pro-Free Trade, and Pro Gold Standard. This was also evident in his recommendations on the issue of the Treaty of Versailles wherein Keynes suggested the German government issue bonds, and that the Allies institute reparations for their war behaviour. The Interwar Years (The four books mentioned in the question): Arguably, Keynes adopted a more nationalist stance during the Interwar years. Arguments which suggest this point to Keynes’ support for progressive nationalists such as FDR (New Deal forms of state interventionism), as well as his persistent arguments against the “predatory nature of international [unfettered] capitalism” By the early 1920s Keynes understood that the then international monetary system had become dysfunctional, and hence started to articulate focus on the national economy in his Tract on Monetary Reform (1923) in the Treatise on Money (1930).
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Keynes also began to argue against the Gold Standard and the effect it was having on numerous domestic countries – especially in the years preceding, and just after the
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