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Problems of British Economic Policy, 1870-1945 (Paperback)
Loot Price: R1,380
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Problems of British Economic Policy, 1870-1945 (Paperback)
Series: Economic History
Expected to ship within 12 - 17 working days
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Most historical accounts of economic policy set out to describe the
way in which governments have attempted to solve their economic
problems and to achieve their economic objectives. Jim Tomlinson,
however, focuses on the problems themselves, arguing that the way
in which areas of economic policy become 'problems' for policy
makers is always problematic itself, that it is never obvious and
never happens 'naturally'. This approach is quite distinct from the
Marxist, the Keynesian or the neo-classical accounts of economic
policy, the schools of thought which are described and criticized
in the introduction. Subsequent chapters use the issues of
unemployment, the gold standard and problems of trade and Empire to
demonstrate that these competing accounts all obscure the true
complexities of the process. Because they adhere to simple
assumptions about the role of economic theory or of 'vested
interests' previous histories have been unable adequately to
explain the dramatic change after the First World War in attitudes
to unemployment, for instance, or the decision to return to gold in
1925. Jim Tomlinson surveys the institutional circumstances, the
conflicting political pressures and the theories offered at the
time in an attempt to discover the conditions which characterized
the questions as economic problems and contributed to the choice of
'solutions'. The result is a sophisticated and intellectually
compelling account of matters which have remained at the forefront
of political debate since its first publication in 1981.
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