All tagged Keynes
With wages unable to match the escalating cost of living and the threat of ever-increasing inflation, the last thing the labor force needs is a faceless entity that stands to entirely change the very fabric of the global economy, potentially posing a threat to jobs and society as a whole.
September 1945 contained multiple defining events around the world. In Germany, the Allies solidified control over their occupation zones. In Asia, the Allies rounded up Japanese forces. In the United States, factory workers began striking due to the postwar economic downturn. Lost in the shuffle is the publication of a 12-page journal article in The American Economic Review by an Austrian immigrant to the United Kingdom. The article’s author would change the economies and politics of the UK and the U.S.
