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Politics and Economic Policy in the UK since 1964: The Jekyll and Hyde Years examines the economic policies that have been pursued by successive governments in Britain since 1964 and how such policies have been influenced by two sets of factors: politics and Keynesian demand management. The two basic failures of British economic policy since 1964 are highlighted, namely, the failure to establish a workable long-term incomes policy and the failure to achieve a high and stable rate of industrial investment. This book is comprised of seven chapters and begins with a background on the British economy until 1964, with emphasis on the economic problems faced by the country, including rising prices. The four basic objectives of economic policy to which both Labor and Conservative parties subscribe—full employment, a reasonably rapid growth rate, stable prices, and a satisfactory balance of payments—are discussed. The next chapter focuses on the Labor Party's 1964 Election Manifesto and how the economy fared from October 1964 to March 1966. Subsequent chapters evaluate the economic policies of the Labour government during the period April 1966-June 1970, including devaluation and incomes policy; economic policies adopted by the Conservative government from June 1970 to February 1974; and the country's economic situation since February 1974. The final chapter considers four factors—structural, technical, managerial, and political—that were responsible for much of what went wrong with the British economy since 1964. This monograph will be of interest to economists, political scientists, politicians, and economic policymakers.
OECD's 1963 Economic Survey of the United Kingdom covers the management of demand, longer-term growth, labour market policies, and the external position.
The welfare state is a pervasive and controversial aspect of contemporary society. Samuel Mencher provides a historical and philosophical background on the growth of welfare policy through its sources, concepts, and specific programs. He covers a period from the English Poor Law of the sixteenth century through contemporary times-viewing changing attitudes toward poverty, new concepts on the nature of man and the influence of scientific thought-and also discusses mercantilism, laissez-faire, utilitarianism, liberalism, socialism, romanticism, social Darwinism, and modern capitalism as major influences on the growth of economic security policy.
OECD's 1964 Economic Survey of the United Kingdom examines the current situation and economic policy including policy measures and policy problems and draws a series of conclusions.
This is the first systematic quantitative account of British economic growth from the thirteenth century to the Industrial Revolution.
Focuses on issues of unemployment, tax policies, capital formation, and Federal programs and budget priorities.