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The Liberal Party and the Economy, 1929-1964 (Hardcover)
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The Liberal Party and the Economy, 1929-1964 (Hardcover)
Series: Oxford Historical Monographs
Expected to ship within 12 - 17 working days
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The Liberal Party and the Economy, 1929-1964 explores the
reception, generation, and use of economic ideas in the British
Liberal Party between its electoral decline in the 1920s and 1930s,
and its post-war revival under Jo Grimond. Drawing on archival
sources, party publications, and the press, this volume analyses
the diverse intellectual influences which shaped British Liberals'
economic thought up to the mid-twentieth century, and highlights
the ways in which the party sought to reconcile its progressive
identity with its longstanding commitment to free trade and
competitive markets. Peter Sloman shows that Liberals' enthusiasm
for public works and Keynesian economic management - which David
Lloyd George launched onto the political agenda at the 1929 general
election - was only intermittently matched by support for more
detailed forms of state intervention and planning. Likewise, the
party's support for redistributive taxation and social welfare
provision was frequently qualified by the insistence that the
ultimate Liberal aim was not the expansion of the functions of the
state but the pursuit of 'ownership for all'. Liberal policy was
thus shaped not only by the ideas of reformist intellectuals such
as John Maynard Keynes and William Beveridge, but also by the
libertarian and distributist concerns of Liberal activists and by
interactions with the early neoliberal movement. This study
concludes that it was ideological and generational changes in the
early 1960s that cut the party's links with the New Right, opened
up common ground with revisionist social democrats, and
re-established its progressive credentials.
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