Tomlinson charters the route of British macroeconomic policy in the post-war era. He argues that the aims of macroeconomic policy haven't been constant; the emphasis has shifted from one item to another; and this uncertainty over objectives goes a long way to explaining why macroeconomics management hasn't been a success.

How did the people of Dundee respond to the challenges of being the most economically globalized city in the world in the years before the First World War?
The answer to this question is complicated by the fact that the aspect of globalization which impacted most directly on the ordinary inhabitants of Dundee was competition in the jute industry from Calcutta, a city within the British Empire of the early 20th century. Dundee had to cope not only with powerful low-wage competition in its staple industry, but the political reality that for decision-makers in London the fate of the British...