The Burning of the World: A Memoir of 1914 by Béla Zombory-Moldován, Peter Zombory-Moldován PDF

By Béla Zombory-Moldován, Peter Zombory-Moldován

Translated from the Hungarian and with an advent and notes through Peter Zombory-Moldovan.

The budding younger Hungarian artist Béla Zombory-Moldován used to be overseas on vacation whilst international warfare I broke out in August 1914. known as up by way of the military, he quickly discovered himself hundreds and hundreds of miles away, advancing on Russian lines—or possibly on his personal lines—and dealing with relentless rifle and artillery hearth. Badly wounded, he back to general lifestyles, which now struck him as unspeakably unusual. He had witnessed, he learned, the top of a life-style, of a complete global.

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For a good exposition of Hobson's theory of underconsumption see J. Allett, New Liberalism, the Political Economy ofj. A. Hobson, University of Toronto Press, 1981, pp. 96-130. e. himself and Mosley, J. Strachey, Revolution By Reason, London, p. 128. Though as Skidelsky put it the Birmingham proposals had been 'fully hatched' by March 1925, Oswald Mosley, London, Macmillan, 1975, p. 138. The full title of Mosley's pamphlet was Revolution by Reason, an account of the Birmingham Proposals together with an analysis of the financial policy of the present government which has led to their great attack upon wages.

49 Given the engrained nature of such quintessentially Fabian attitudes support for a contracyclical use of fiscal policy was inevitably half-hearted. Works such as Revolution by Reason and The Living Wage, therefore, represented a definite challenge to the macroeconomic policy inertia characteristic of Fabianism and the greater part of the economic literature emanating from the Labour Party in the 1920s. Here it is is important to stress that this positive attitude to monetary and fiscal policy on the part of 'liberal socialists', such as Strachey and Hobson, rested upon a fundamental difference in theoretical perspective.

56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73 74. 75. 29 In his Election Address of October 1924, for example, Strachey advocated the immediate nationalisation of mines, railways, agriculture, banking and the electricity supply, SP, 1924. J. Strachey, Revolution, pp. 135-6, 162. , p. 145. J. A. , p. 46. Ibid. J. Strachey, Revolution, p. 149. , p. 150. , p. 179. , pp. 1,121, 242, my emphasis. , p. 199. J. A. , The Living Wage, pp. 34-5. , p. 37. , p. 39. , p . , p. 34, my emphasis.

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