000			03310nam a2200397 i 4500
001			CR9781107337626
003			UkCbUP
005			20240909171512.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			130207s2014||||enk o ||1 0|eng|d
020			_a9781107337626 (ebook)
020			_z9781107042933 (hardback)
040			_aUkCbUP _beng _erda _cUkCbUP
043			_ae-uk---
050	0	0	_aHJ2095 _b.E97 2014
082	0	0	_a336.94109/048 _223
245	0	0	_aExpansionary fiscal contraction : _bthe Thatcher government's 1981 budget in perspective / _cedited by Duncan Needham, Anthony Hotson.
264		1	_aCambridge : _bCambridge University Press, _c2014.
300			_a1 online resource (xvi, 251 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0		_aForeword 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.
520			_aIn 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 within No. 10 Downing Street, HM Treasury and the Bank of England, to provide the first comprehensive treatment of this critical event in British economic history. They assess the empirical and theoretical basis for expansionary fiscal contraction, drawing clear parallels with contemporary debates on austerity in Europe, USA and Japan in the wake of the recent global financial crisis. This timely and thoughtful book will have broad appeal among economists, political scientists, historians and policy makers.
600	1	0	_aThatcher, Margaret.
650		0	_aBudget _zGreat Britain _xHistory.
650		0	_aFiscal policy _zGreat Britain _xHistory.
651		0	_aGreat Britain _xEconomic policy _y1979-1997.
700	1		_aNeedham, Duncan, _eeditor.
700	1		_aHotson, Anthony, _eeditor.
776	0	8	_iPrint version: _z9781107042933
856	4	0	_uhttps://doi.org/10.1017/CBO9781107337626
942			_2ddc _cEB
999			_c9303 _d9303