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Keynes and India, 1909-1913: a study on foreign investment policy

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  • Carlo Cristiano

Abstract

Keynes's work on India before the First World War concentrated on analysis of the gold exchange standard and the stabilization of the rupee external value. Indian monetary arrangements were framed into a plan for foreign investment, implemented by the India Office in London. This policy, which was a typical example of public control over investments, occasioned Keynes's first job as an applied economist. Although neglected by Keynesian scholarship, this learning by doing experience is likely to have played a significant role in the young economist's training and education.

Suggested Citation

  • Carlo Cristiano, 2009. "Keynes and India, 1909-1913: a study on foreign investment policy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(2), pages 301-324.
    • Handle: RePEc:taf:eujhet:v:16:y:2009:i:2:p:301-324
    DOI: 10.1080/09672560902891069
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    References listed on IDEAS

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    1. Moggridge, D E, 1992. "The," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 207-209, Summer.
    2. Bagchi,Amiya Kumar, 1982. "The Political Economy of Underdevelopment," Cambridge Books, Cambridge University Press, number 9780521284042.
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