On Britain's Return to the Gold Standard: Was there a 'Pigou-McKenna School'?

• Autores: Rogério Arthmar, Michael McLure
• Localización: Economic record, ISSN 0013-0249, Vol. 92, Nº. 0, 2016, págs. 1-14
• Idioma: inglés
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• Resumen

  • It is common to refer to the 'Keynes-McKenna school' in opposition to Britain's return to the gold standard. However, after considering A.C. Pigou's reading of Sir Reginald McKenna's testimony to the Chamberlain-Bradbury Committee and the influence of that reading on Pigou's draft of the Committee's report to the British government, the case is made for the 'Pigou-McKenna school' as a policy school that was supportive of a return to the gold standard but against doing so prematurely. This is perhaps more meaningful than reference to the 'Keynes-McKenna school', which incorrectly implies that McKenna was opposed to Britain returning to gold.