Essays In Persuasion

The needs of food, water or shelter, are absolute on the sense that we feel them whatever the situat I read this book because it contains the essay "Economic possibilities for our grandchildren", written in 1930.The needs of food, water or shelter, are absolute on the sense that we feel them whatever the situation of other human beings may be.

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Keynes writings and observations from the end of WWI through the 1920s and early 1930s. Reads like political essays on events of the day pertaining to economics.

The events of those days were quite important and the magnitude of the upheavals was huge.

The consumerist society where we live has convinced us that a second car, a bigger house or a flat TV will give us more satisfaction than more leisure time.

I only hope that this will change before 2030 and the prediction becomes true in due time.

He was chairman of the liberal journal of opinion The Nation and economics advisor for more than thirty years to British governments.

He wrote several books, including his masterpiece, The General Theory of Employment, Essays in Persuasion, Interest and Money, the two-volume Treatise on Money, and A Tract on Monetary Reform.Other needs satisfy the desire for superiority, and Keynes thinks that those may be insatiable, but he arrives to the conclusion that once the absolute needs are covered, we will prefer to devote our energies to non-economic purposes.This is where his prediction, at least until now, has failed.The other essays are also extremely interesting, visionary for the time and even applicable today.In his 1919 essay "Proposals for the reconstruction of Europe" he says, literally, "A Free Trade union should be established under the auspices of the League of Nations of countries undertaking to impose no protectionist tariffs whatever against the produce of other members of the Union".In Keynes' essays on inflation and deflation, the reader can find ideas that were to become the foundations of his most renowned treatise, "The General Theory of Employment, Interest and Money" (1936).With startling accuracy Keynes forecast the economic fluctuations that were to beset the economies of Europe and the United States and even proposed measures which, if heeded at the time, might have warded off an era of world-wide depression.He was proposing this union for the countries of central and southern Europe, and he hoped that the UK would also become an original member.Some lines after, he writes: "By fixing he Reparation payments well within Germany's capacity to pay, we make possible the renewal of hope and enterprise within her territory"When you see, in 20 lines of a 1919 essay, an early proposal of the European Union and a measure that could have avoided WWII, you get convinced that Keynes was a visionary genius.Other interesting essays are the series about the return to the gold standard and its effects.UK returned to the gold standard in the 1920s, and this produced an increase on the value of the pound.

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