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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...

This book charts the course of monetary policy in the UK from 1967 to 1982. It shows how events such as the 1967 devaluation, the collapse of Bretton Woods, the stagflation of the 1970s, and the IMF loan of 1976 all shaped policy. It shows that the 'monetarist' experiment of the 1980s was based on a fundamental misreading of 1970s monetary policy.

Arising from the 2017 Darwin College Lectures, leading intellectuals and public figures explore a range of 'extreme' events, environments, and achievements. Topics include the 2008 financial crisis, President Trump's election, Brexit, the war in Syria, climate change, medical advances, ocean exploration, and cosmology.

This book explores the changing boundaries and relationships between market and state from the seventeenth to the twentieth century.