Towards the Managed Economy

Keynes, the Treasury and the fiscal policy debate of the 1930s

Business & Finance, Economics, Economic History
Cover of the book Towards the Managed Economy by Roger Middleton, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Roger Middleton ISBN: 9781136594069
Publisher: Taylor and Francis Publication: November 5, 2013
Imprint: Routledge Language: English
Author: Roger Middleton
ISBN: 9781136594069
Publisher: Taylor and Francis
Publication: November 5, 2013
Imprint: Routledge
Language: English

This is a major study of economic policy making in Britain between the wars. It provided the first full-length analysis of the early development of fiscal policy as a tool of modern economic management. The central question addressed is how Keynesian fiscal policies came to be adopted by the British government, with particular attention paid to the role of the Treasury and to that of Keynes himself.

Drawing extensively on unpublished documents hitherto untapped by economists or historians, Roger Middleton challenges the widely held view of official economic thinking as an ill-informed group of people holding ‘the Treasury view’ in opposition to Keynes’s prescriptions for deficient demand and mass unemployment. Instead he argues that acceptance of Keynesian economics during the Second World War resulted from political and administrative factors as much as a conversion to Keynesian theory. He investigates the form and impact of fiscal policy during the 1930s and, through a constant employment budget analysis, shows convincingly that at times of rising unemployment governments ignore at their peril the effects of automatic stabilizers upon budgetary stability.

Historians and economists welcomed this fresh perspective on a debate of historical as well as contemporary importance. Towards the Managed Economy is essential reading for all those interested in the rise and fall of Keynesian demand management. This classic text was first published in 1985.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This is a major study of economic policy making in Britain between the wars. It provided the first full-length analysis of the early development of fiscal policy as a tool of modern economic management. The central question addressed is how Keynesian fiscal policies came to be adopted by the British government, with particular attention paid to the role of the Treasury and to that of Keynes himself.

Drawing extensively on unpublished documents hitherto untapped by economists or historians, Roger Middleton challenges the widely held view of official economic thinking as an ill-informed group of people holding ‘the Treasury view’ in opposition to Keynes’s prescriptions for deficient demand and mass unemployment. Instead he argues that acceptance of Keynesian economics during the Second World War resulted from political and administrative factors as much as a conversion to Keynesian theory. He investigates the form and impact of fiscal policy during the 1930s and, through a constant employment budget analysis, shows convincingly that at times of rising unemployment governments ignore at their peril the effects of automatic stabilizers upon budgetary stability.

Historians and economists welcomed this fresh perspective on a debate of historical as well as contemporary importance. Towards the Managed Economy is essential reading for all those interested in the rise and fall of Keynesian demand management. This classic text was first published in 1985.

More books from Taylor and Francis

Cover of the book Vesper and Compline Music for Multiple Choirs by Roger Middleton
Cover of the book Philosophy of Sexuality by Roger Middleton
Cover of the book Behind the Castle Gate by Roger Middleton
Cover of the book Global Entangled Inequalities by Roger Middleton
Cover of the book Prison of Food by Roger Middleton
Cover of the book The Psychology Of Character by Roger Middleton
Cover of the book Social Work Practice in Pediatric Palliative and End-of-Life Care by Roger Middleton
Cover of the book Designing Menus with Encore DVD by Roger Middleton
Cover of the book The Plain Language Guide to the World Summit on Sustainable Development by Roger Middleton
Cover of the book The Partition of Africa by Roger Middleton
Cover of the book Lord and Pharaoh by Roger Middleton
Cover of the book The Power of the Presidency by Roger Middleton
Cover of the book New Conventional Weapons and Western Defence by Roger Middleton
Cover of the book Eco-Friendly and Fair by Roger Middleton
Cover of the book A Social-Political History of Monotheism by Roger Middleton
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy