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Expansionary fiscal contraction : the Thatcher government's 1981 budget in perspective

Author: Duncan Needham; Anthony Hotson
Publisher: Cambridge, United Kingdom : Cambridge University Press, 2014.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"In its 1981 Budget, the Thatcher government discarded Keynesian counter-cyclical policies and cut Britain's public sector deficit in the depths of the worst UK recession since the 1930s. Controversially, the government argued that fiscal contraction would produce economic growth. In this specially commissioned volume, contributors examine recently released archives alongside firsthand accounts from key players
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Genre/Form: History
Named Person: Margaret Thatcher; Margaret Thatcher
Document Type: Book
All Authors / Contributors: Duncan Needham; Anthony Hotson
ISBN: 9781107042933 1107042933 1139990438 9781139990431
OCLC Number: 873723962
Description: xvi, 251 pages ; 24 cm
Contents: Foreword Geoffrey Howe --
1. The 1981 statement by 364 economists / Robert Neild --
2. The 1981 Budget: how did it come about? / Tim Lankester --
3. The London Business School and the 1981 Budget / Alan Budd --
4. The 1981 Budget: a view from the cockpit / Adam Ridley --
5. The Bank of England and the 1981 Budget / Charles Goodhart --
6. 1981 and all that / William Keegan --
7. The origins of the Budget in 1980 / Christopher Collins --
8. The 1981 Budget and its impact on the conduct of economic policy: was it a monetarist revolution? / Anthony Hotson --
9. The 1981 Budget: 'a Dunkirk, not an Alamein' / Duncan Needham --
10. Macro-economic policy and the 1981 Budget: changing the trend / Ray Barrell --
11. The Keynesian twin deficits in an inflationary context / Robert Z. Aliber --
12. The long road to 1981: British money supply targets from DCE to the MTFS / Michael Oliver --
List of names --
Chronology of events --
Official sources --
Bibliography of cited sources --
Index.
Responsibility: edited by Duncan Needham, Anthony Hotson.
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Abstract:

In this specially commissioned volume, contributors examine recently released archives alongside firsthand accounts to review the Thatcher government's controversial 1981 budget. This timely and  Read more...

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'The arduous process of economic policy-making on the run is wonderfully exposed in this volume on the famous 1981 Budget. The reader is taken into the corridors of Great George Street and into the Read more...

 
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   schema:description ""Foreword Geoffrey Howe It is striking how much the 1981 Budget continues to fascinate economists and excite historians and political commentators. One cannot but assume that something quite important happened as a result of it! In recent years, those interested in reading about it have been offered a great deal of interpretation and second-hand, subjective comment, but relatively little history; though I would make exceptions of Nigel Lawson's fascinating autobiographical The view from no. 11 and the first volume of Charles Moore's Margaret Thatcher: the authorized biography"--"@en ;
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