Good-bye, Great Britain

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Author :
Publisher : Yale University Press
ISBN 13 : 0300057288
Total Pages : 298 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Good-bye, Great Britain by : Kathleen Burk

Download or read book Good-bye, Great Britain written by Kathleen Burk and published by Yale University Press. This book was released on 1992-01-01 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this authoritative and gripping book--the first full account of the 1976 International Monetary Fund crisis--Kathleen Burk and Alec Cairncross peel back the surface of the most searing economic crisis of postwar Britain to reveal its historical roots and contemporary context. During the spring of 1976, the plummeting value of the British pound against the U.S. dollar triggered a traumatic economic and political crisis. International confidence in the pound collapsed; an article in the Wall Street Journal, headlined "Good-bye, Great Britain," urged investors to get out of sterling. Refused aid by the London and New York markets, the Labour Government under Prime Minister James Callaghan was forced to turn for help to the IMF--a highly unusual move for a developed Western economy. Fearing that the economic crisis would drive Britain into a left-wing siege economy which would endanger NATO and the EEC, the United States and Germany used the IMF loan as a means to force Britain to make major domestic policy changes; when the IMF mission arrived in London in November 1976, it was announced that the price for the loan included deep cuts in domestic spending. Burk and Cairncross uncover the maneuvers of the Labour Government to evade IMF conditions. They also examine underlying economic factors, the political agenda, the rise of monetarist ideas, and the Keynesian response. Juxtaposing narrative with analysis, they provide surprising answers to critical questions and reveal how the breakdown of the post-war consensus on the macroeconomic management paved the way for the triumph of Thatcherism.

The British Labour Government and the 1976 IMF Crisis

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Author :
Publisher : Springer
ISBN 13 : 0230376258
Total Pages : 283 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis The British Labour Government and the 1976 IMF Crisis by : M. Harmon

Download or read book The British Labour Government and the 1976 IMF Crisis written by M. Harmon and published by Springer. This book was released on 1997-11-05 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The British Labour Government and the 1976 IMF Crisis examines the external pressures vis-à -vis British economic policy that culminated in the 1976 UK-IMF crisis. The postwar development of IMF loan conditionality is reviewed as well as the growing incompatibility after 1974 between the Government's domestic political imperatives and Britain's external economic constraints that led to the crisis. More generally, the case study demonstrates the coercive and constraining nature of 'international cooperation' in contemporary international relations.

The IMF Crisis of 1976 and British Politics

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Author :
Publisher : Bloomsbury Publishing
ISBN 13 : 0857713450
Total Pages : 271 pages
Book Rating : 4.8/5 (577 download)

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Book Synopsis The IMF Crisis of 1976 and British Politics by : Kevin Hickson

Download or read book The IMF Crisis of 1976 and British Politics written by Kevin Hickson and published by Bloomsbury Publishing. This book was released on 2005-02-25 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1976 IMF crisis was a seminal event in modern British political and economic history. The seeds of the crisis were sown by the huge OPEC oil price shocks of 1972-3 leading to the potential meltdown of Britain's already weakened economy and seemingly confirming Britain's headlong decline as a major political and economic power. The government was seen as going 'cap in hand' to the International Monetary Fund (IMF) to head off disaster - an image which became a long-lasting political icon. Kevin Hickson has mined vital original source material, including interviews with leading players, to probe government economic thought and practice. He questions much received wisdom, especially that the crisis caused a basic shift to monetarist orthodoxy and right-wing economic liberalism - commonly known as 'Thatcherism' - and embraced by successive governments including New Labour.

Credibility and the International Monetary Regime

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Publisher : Cambridge University Press
ISBN 13 : 0521811333
Total Pages : 257 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis Credibility and the International Monetary Regime by : Michael D. Bordo

Download or read book Credibility and the International Monetary Regime written by Michael D. Bordo and published by Cambridge University Press. This book was released on 2012-04-09 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes.

New Labour, Old Labour

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Author :
Publisher : Routledge
ISBN 13 : 1134381611
Total Pages : 369 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis New Labour, Old Labour by : Kevin Hickson

Download or read book New Labour, Old Labour written by Kevin Hickson and published by Routledge. This book was released on 2004-07-31 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written by a distinguished selection of academics and commentators, provides the most detailed comparison yet of old and new Labour in power.

A History of the British Labour Party

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Author :
Publisher : Bloomsbury Publishing
ISBN 13 : 1137409843
Total Pages : 424 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis A History of the British Labour Party by : Andrew Thorpe

Download or read book A History of the British Labour Party written by Andrew Thorpe and published by Bloomsbury Publishing. This book was released on 2017-09-16 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 13 years in power, Labour suddenly returned to being the party of opposition in 2010. This new edition of A History of the British Labour Party brings us up-to-date, examining Gordon Brown's period in office and the Labour Party under the leadership of Ed Miliband. Andrew Thorpe's study has been the leading single-volume text on the Labour Party since its first edition in 1997 and has now been thoroughly revised throughout to include new approaches. This new edition: - Covers the entirety of the party's history, from 1900 to 2014. - Examines the reasons for the party's formation, and its aims. - Analyses the party's successes and failures, including its rise to second party status and remarkable recovery from its problems in the 1980s. - Discusses the main events and personalities of the Labour Party, such as MacDonald, Attlee, Wilson, Blair and Brown. With his approachable style and authoritative manner, Thorpe has created essential reading for students of political history, and anyone wishing to familiarise themselves with the history and development of one of Britain's major political parties.

The Media and Financial Crises

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Author :
Publisher : Routledge
ISBN 13 : 1317624521
Total Pages : 339 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis The Media and Financial Crises by : Steve Schifferes

Download or read book The Media and Financial Crises written by Steve Schifferes and published by Routledge. This book was released on 2014-08-27 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Media and Financial Crises provides unique insights into the debate on the role of the media in the global financial crisis. Coverage is inter-disciplinary, with contributions from media studies, political economy and journalists themselves. It features a wide range of countries, including the USA, UK, Ireland, Greece, Spain and Australia, and a completely new history of financial crises in the British press over 150 years. Editors Steve Schifferes and Richard Roberts have assembled an expert set of contributors, including Joseph E Stiglitz and Lionel Barber, editor of the Financial Times. The role of the media has been central in shaping our response to the financial crisis. Examining its performance in comparative and historical perspectives is crucial to ensuring that the media does a better job next time. The book has five distinct parts: The Banking Crisis and the Media The Euro-Crisis and the Media Challenges for the Media The Lessons of History Media Messengers Under Interrogation The Media and Financial Crises offers broad and coherent coverage, making it ideal for both students and scholars of financial journalism, journalism studies, media studies, and media and economic history.

New Labour, Old Labour

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Author :
Publisher : Psychology Press
ISBN 13 : 9780415312813
Total Pages : 372 pages
Book Rating : 4.3/5 (128 download)

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Book Synopsis New Labour, Old Labour by : Anthony Seldon

Download or read book New Labour, Old Labour written by Anthony Seldon and published by Psychology Press. This book was released on 2004 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written by a distinguished selection of academics and commentators, provides the most detailed comparison yet of old and new Labour in power. I

An Exchange Rate History of the United Kingdom

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108839991
Total Pages : 267 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis An Exchange Rate History of the United Kingdom by : Alain Naef

Download or read book An Exchange Rate History of the United Kingdom written by Alain Naef and published by Cambridge University Press. This book was released on 2022-09-29 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This history of sterling shows how the Bank of England defended the pound and managed foreign exchange.

Labours old and new

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Author :
Publisher : Manchester University Press
ISBN 13 : 1847796486
Total Pages : 438 pages
Book Rating : 4.8/5 (477 download)

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Book Synopsis Labours old and new by : Stephen Meredith

Download or read book Labours old and new written by Stephen Meredith and published by Manchester University Press. This book was released on 2013-07-19 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is concerned with the ‘Old’ Labour right at a critical juncture of social democratic and Labour politics. It attempts to understand the complex transition from so-called ‘Old Right’ to ‘New Right’ or ‘New Labour’, and locates at least some of the roots of the latter in the complexity, tensions and fragmentation of the former during the ‘lean’ years of social democracy in the 1970s. The analysis addresses both the short and long-term implications of the emerging ideological, organisational and political complexity and divisions of the parliamentary Labour right and Labour revisionism, previously concealed within the loosely adhesive post-war framework of Keynesian reformist social democracy. It establishes the extent to which ‘New’ Labour is a legatee of at least some elements of the disparate and discordant Labour right and tensions of social democratic revisionism in the 1970s. In so doing, it advances our understanding of a key moment in the development of social democracy and the making of the contemporary British Labour Party.

Britain and European Monetary Cooperation, 1964-1979

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Author :
Publisher : Springer
ISBN 13 : 1137491426
Total Pages : 283 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Britain and European Monetary Cooperation, 1964-1979 by : Kiyoshi Hirowatari

Download or read book Britain and European Monetary Cooperation, 1964-1979 written by Kiyoshi Hirowatari and published by Springer. This book was released on 2016-09-23 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collapse of the Bretton Woods system in the early 1970s resulted in a transition to fluctuating rather than fixed currency system. This brought sterling into the turmoil of the world currency markets, and by the end of the 1970s, sterling had quietly ended its role as an international currency. Sterling-dollar diplomacy collapsed, bringing to an end what had hitherto been considered Britain's prime relationship. Britain and European Monetary Cooperation, 1964-1979 provides a unique perspective on these events, shedding light on the complexities of the historical context of British monetary diplomacy and exploring the country's attempt at a European approach to sterling in the 1960s and '70s. The book describes the political and economic approach Britain took at the turn of the 1970s, and explains how the country became restricted by the burden of the sterling balances. In this book, the author illustrates how these developments offered opportunity for both cooperation and conflict in the light of monetary diplomacy. He demonstrates how Britain's struggle to achieve exchange rate stability, twinned with controversy over European Economic Community membership, finally prompted serious reconsideration of economic policy-making. This book challenges the commonly-held perception of the decline of sterling, and explains that, although Britain's attempt at a European approach failed, the decline of the currency was more complicated than a 'managed decline'.

Milton Keynes in British Culture

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Author :
Publisher : Routledge
ISBN 13 : 0429816170
Total Pages : 247 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Milton Keynes in British Culture by : Lauren Pikó

Download or read book Milton Keynes in British Culture written by Lauren Pikó and published by Routledge. This book was released on 2019-01-23 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new town of Milton Keynes was designated in 1967 with a bold, flexible social vision to impose "no fixed conception of how people ought to live." Despite this progressive social vision, and its low density, flexible, green urban design, the town has been consistently represented in British media, political rhetoric and popular culture negatively. as a fundamentally sterile, paternalistic, concrete imposition on the landscape, as a "joke", and even as "Los Angeles in Buckinghamshire". How did these meanings develop at such odds from residents' and planners' experiences? Why have these meanings proved so resilient? Milton Keynes in British Culture traces the representations of Milton Keynes in British national media, political rhetoric and popular culture in detail from 1967 to 1992, demonstrating how the town's founding principles came to be understood as symbolic of the worst excesses of a postwar state planning system which was falling from favour. Combining approaches from urban planning history, cultural history and cultural studies, political economy and heritage studies, the book maps the ways in which Milton Keynes' newness formed an existential challenge to ideals of English landscapes as receptacles of tradition and closed, fixed national identities. Far from being a marginal, "foreign" and atypical town, the book demonstrates how the changing political fortunes of state urban planned spaces were a key site of conflict around ideas of how the British state should function, how its landscapes should look, and who they should be for.

Unholy Trinity

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Publisher : Zed Books Ltd.
ISBN 13 : 1848137966
Total Pages : 438 pages
Book Rating : 4.8/5 (481 download)

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Book Synopsis Unholy Trinity by : Richard Peet

Download or read book Unholy Trinity written by Richard Peet and published by Zed Books Ltd.. This book was released on 2009-11-16 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who really runs the global economy? Who benefits most from it? The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. Globalization massively increased the power of these institutions and they drastically affected the livelihoods of peoples across the world. Yet they operate undemocratically and aggressively promote a particular kind of neoliberal capitalism. Under the 'Washington Consensus' they proposed, poverty was to be ended by increasing inequality. This new edition of Unholy Trinity, completely updated and revised, argues that neoliberal global capitalism has now entered a period of crisis so severe that governance will become impossible. Huge incomes for a small number of super-rich people produced an unstable global economy, rife with speculation and structurally prone to crises. The IMF is in disgrace, the WTO can hardly meet anymore and the World Bank survives as a global philanthropist. Is this the end for the Unholy Trinity?

UK Monetary Policy from Devaluation to Thatcher, 1967-82

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Author :
Publisher : Springer
ISBN 13 : 113736954X
Total Pages : 277 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis UK Monetary Policy from Devaluation to Thatcher, 1967-82 by : Duncan Needham

Download or read book UK Monetary Policy from Devaluation to Thatcher, 1967-82 written by Duncan Needham and published by Springer. This book was released on 2014-05-09 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book charts the course of monetary policy in the UK from 1967 to 1982. It shows how events such as the 1967 devaluation, the collapse of Bretton Woods, the stagflation of the 1970s, and the IMF loan of 1976 all shaped policy. It shows that the 'monetarist' experiment of the 1980s was based on a fundamental misreading of 1970s monetary policy.

Policies and Politics Under Prime Minister Edward Heath

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Author :
Publisher : Springer Nature
ISBN 13 : 3030536734
Total Pages : 451 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Policies and Politics Under Prime Minister Edward Heath by : Andrew S. Roe-Crines

Download or read book Policies and Politics Under Prime Minister Edward Heath written by Andrew S. Roe-Crines and published by Springer Nature. This book was released on 2020-12-10 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the political and intellectual significance of Edward Heath’s leadership of the Conservative Party. It contains a series of original and distinctive chapters that feature extensive archival materials and original insights from leading political scientists and historians. The volume contributes significantly to our understanding of Conservative Party politics, leadership, and conservatism more broadly.

A Hard Pounding

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Author :
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis A Hard Pounding by : Edmund Dell

Download or read book A Hard Pounding written by Edmund Dell and published by Oxford University Press, USA. This book was released on 1991 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a penetrating insider account of the policy issues involved in managing Britain's economy from 1974 to the crisis of 1976. Throughout these years the author served as Deputy to the Chancellor of the Exchequer, and then Secretary of State. The book contains entirely new primary material--much of it based on the diaries Dell kept at the time--and covers years which were pivotal in post-war history in general, and for Labor in particular.

The IMF and European Economies

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Author :
Publisher : Springer
ISBN 13 : 1137271272
Total Pages : 222 pages
Book Rating : 4.1/5 (372 download)

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Book Synopsis The IMF and European Economies by : Chris Rogers

Download or read book The IMF and European Economies written by Chris Rogers and published by Springer. This book was released on 2012-07-17 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the role that the IMF has played in the management of financial crises in developed nations. The topic is of particular significance in light of the global financial crisis that emerged following the collapse of American sub-prime mortgage markets in 2007, and the subsequent sovereign debt problems of many Western states.