Society, Politics & Law
Economics and the 2008 crisis: a Keynesian view
...family on the streets of Brighton in 1921 (Photo: Associated Newspapers/Daily Mail/Rex Features) After the First World War, Britain was gripped by enormous debts and a growing sense of panic that the Government was hugely wasteful. The national debt had risen dramatically from £677 million, about a quarter of the GDP, in 1910. By 1920 it was £7.81 billion, larger even...