On the Cambridge University Press website, one reads: "'The Economic Consequences of Mr Churchill' originated as a series of three articles on England's return to the gold standard, printed in the Evening Standard, 22, 23 and 24 July 1925, under the heading ‘Unemployment and Monetary Policy’. Keynes expanded these into this pamphlet." Winston Churchill was Chancellor of the Exchequer at the time, and would certainly have known about it and, one presumes, read it - but with what reaction, one can only speculate. In the United States the pamphlet was published as 'The Economic Consequences of Sterling Parity.'
John Maynard Keynes, 1st Baron Keynes CB FBA (1883–1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He built on, and greatly refined, earlier work on the causes of business cycles, and was one of the most influential economists of the 20th century and the founder of modern macroeconomic theory. His ideas form the basis for the school of thought known as Keynesian economics, and its various offshoots.
Our copy of this very rare pamphlet sadly lacks its original green stapled wraps, but is in very good condition apart from this. The remaining 'outer' covers are somewhat browned, and the front (title page) is only held by the upper of the two staples - but the staples are only lightly rusted and have not affected the pages inside. There are neat pencilled notes and underlining on some pages. A rare and fascinating survivor.