England Closes the Gap

Dale, Ernest
March 1942
New Republic;3/16/42, Vol. 106 Issue 11, p357
Focuses on steps taken by England to bridge the inflationary gap. Attempt to remove the excess of expanding civilian demand over declining civilian supplies; Historical period in which civilian supplies were cut by a gradual introduction of rationing and lower imports; Proposal of economist Michal Kalecki to ration expenditure to the value of supplies in order to make essentials of life available.


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