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h would save more than the poorthus necessarily
freeing up more resources for investment.
65
It was the scale of all these changes which makes clear the breadth of
Keynes’ achievement. There were others before him who had anticipated
many of the ideas which came to fruition in the General Theory. The
impact that their ideas had had on the vast body of economic practition-
erslet alone those in charge of public affairs either as politicians or civil
servantshadhoweverbeen relatively insigni?cant except in one or two
special cases such as in Sweden. The extent of the problems caused by the
Depressionespecially in countries such as the USA and Germanywhich
were worst affectedhad led those faced with coping with them to adopt
some of the remedies which Keynes proposed as practical necessities.
These included policies such as de?cit ?nancingwhich occurred largely
because there were pressing reasons for expenditurecombined with an
insuf?cient tax base from which to raise the funds to pay for it. They
were implementedhoweverwithout any clear intellectual justi?cation
for what was being done. The result was that much of the remedial action
taken – though of evident practical bene?t – was disparaged and attacked
as b [link widoczny dla zalogowanych]yilai:
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