Urged by Lord Keynes, the World Bank was also created.
In the long run, as Lord Keynes said, we are all dead.
Lord Keynes and his colleagues understood that achieving some international commercial balance required coordinated efforts on both the monetary and commercial fronts.
There is; economists have known this since the days of Lord Keynes.
This kicks Lord Keynes in the head.
The chairman of the trust was Lord Keynes.
Lord Keynes is dead and so is fiscal policy - it never worked well anyway.
That opinion was far from conventional wisdom when Lord Keynes was writing.
This thinking was later developed and systematised by Lord Keynes.
Britain, whose Lord Keynes provided most of the intellectual stimulus for the fund's creation, is reluctant to cede to the Japanese.