Download PDF Expansionary Fiscal Contraction The Thatcher Government 1981 Budget in Perspective
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Book Details :
Published on: 2014-09-15
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Original language: English
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 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. web.mit.edu / jik/src/Attic/kerberos_ password ... 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 ... Latest publications from - CEP CEPDP1458. December 2016.Better managers and managerial practices lead to better firm performance. Yet little is known about what happens when managers move across ... Capitalism - Wikipedia Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include ...
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