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Books > History > World history > From 1900 > Postwar, from 1945
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The IMF Crisis of 1976 and British Politics (Hardcover, New)
Loot Price: R4,576
Discovery Miles 45 760
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The IMF Crisis of 1976 and British Politics (Hardcover, New)
Series: International Library of Political Studies, v. 3
Expected to ship within 12 - 19 working days
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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.
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