The Management of the British Economy, 1945-2001Manchester University Press, 2004 - 305 lappuses Since 1945 British governments have played an active role in managing the economy in the interests of securing high employment, economic growth and low inflation with their approach evolving in response to changing economic circumstances, intellectual shifts and past policy failures. This book provides an overview of economic management, particularly financial management, and addresses how it has changed and why it has not always been successful. It examines the actual policies that were introduced, the problems that various governments faced in implementing them and how the approach to policymaking changed. It also examines the main phases of economic policymaking and the conduct of policymaking, as there is a widespread consensus that until recently, short-run economic management could have been more successful than it was. |
Saturs
Two19 | 19 |
194551 | 51 |
SEVEN195 | 195 |
GLOSSARY244 | 244 |
CALENDAR OF EVENTS 19452001256 | 256 |
BIBLIOGRAPHY279 | 279 |
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adopt announced argued Attlee balance of payments Bank of England became boom Britain British Economy budget Cairncross Callaghan cent chancellor changes competition Conservative crisis decade decline deficit demand management Denis Healey devaluation downturn early economic affairs economic management economic policy economists effect election European example exchange rate expansionary export favour financial policy fiscal policy forecasting government's growth Harold Wilson Healey Heath HM Treasury incomes policy increase industrial inflation rate inflation targeting inflationary influence interest rates introduced investment James Callaghan John Major July Keynesian Lawson Lawson boom London Macmillan macroeconomic Major measures ment monetarism monetarist monetary policy monetary targets National nationalised Nevertheless Nigel Lawson nomic Norman Lamont output Oxford political post-war period pressure prime minister problems productivity public expenditure reduce reform relatively role sterling supply-side policies taxation Thatcher tion trade union Treasury unemployment wage inflation White Paper
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