User talk:Posillipo200
The connection beteen Keynes and the 1943 Bengal Famine
[edit]Recent research has underlined that there was a connection between Keynes and the 1943 Bengal Famine. See: Patnaik, Utsa. "Profit Inflation, Keynes and the Holocaust in Bengal, 1943–44." Economic and Political Weekly 53.42 (2018): 33-43. Patnaik, Utsa. "Mr Keynes and the forgotten holocaust in Bengal, 1943–44: Or, the macroeconomics of extreme demand compression." Studies in People’s History 4.2 (2017): 197-210.
This is important information, which deserves to be included in this wikipedia page.
I thus propose to add the following paragraph to the section "Second World War" (after the considerration about the fact that Keynes intended to avoid inflation in Britain).
"By contrast, in his capacity as advisor on Indian Financial and Monetary Affairs for the British Government, there is evidence that Keynes advocated "profit inflation" in order to finance war spending by the Allied forces in Bengal. This deliberate inflationary policy, which caused a sixfold increase in the price of rice, contributed to the great 1943 Bengal famine."
And to quote Patnaik's articles as reference