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SUMMARY:Farewell to Prices and Incomes Policy - Mr Adrian Williamson\, Tri
 nity Hall
DTSTART:20130218T170000Z
DTEND:20130218T190000Z
UID:TALK42737@talks.cam.ac.uk
CONTACT:D'Maris Coffman
DESCRIPTION:In the 1960s and 1970s\, policymakers in the UK\, and elsewher
 e\, faced severe inflationary pressures. Both Socialists and Conservatives
  denounced Prices and Incomes Policy in Opposition\, but\, in the face of 
 these pressures\, then implemented such policies in office. This Paper wil
 l consider why this was so\, and the powerful political\, economic and ins
 titutional forces that repeatedly drove governments back to incomes policy
 . The Paper then explores the debates that ensued\, particularly in Conser
 vative and free market circles\, as to whether it was possible to do witho
 ut Prices and Incomes Policy.  The alternatives that were under considerat
 ion are discussed: ‘monetarism’\; the exchange rate and the EMS\; a re
 turn to mass unemployment. The debates over Prices and Incomes Policy\, it
  will be suggested\, were an important part of what Peter Jay called in 19
 76 ‘the long\, withdrawing roar of the Keynesian era’.
LOCATION:Lucia Windsor Room\, Newnham College
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