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CATEGORIES:Financial History Seminar
SUMMARY:Farewell to Prices and Incomes Policy - Mr Adrian 
 Williamson\, Trinity Hall
DTSTART;TZID=Europe/London:20130218T170000
DTEND;TZID=Europe/London:20130218T190000
UID:TALK42737AThttp://talks.cam.ac.uk
URL:http://talks.cam.ac.uk/talk/index/42737
DESCRIPTION:In the 1960s and 1970s\, policymakers in the UK\, 
 and elsewhere\, faced severe inflationary pressure
 s. Both Socialists and Conservatives denounced Pri
 ces and Incomes Policy in Opposition\, but\, in th
 e face of these pressures\, then implemented such 
 policies in office. This Paper will consider why t
 his was so\, and the powerful political\, economic
  and institutional forces that repeatedly drove go
 vernments back to incomes policy. The Paper then e
 xplores the debates that ensued\, particularly in 
 Conservative and free market circles\, as to wheth
 er it was possible to do without Prices and Income
 s Policy.  The alternatives that were under consid
 eration are discussed: ‘monetarism’\; the exchange
  rate and the EMS\; a return to mass unemployment.
  The debates over Prices and Incomes Policy\, it w
 ill be suggested\, were an important part of what 
 Peter Jay called in 1976 ‘the long\, withdrawing r
 oar of the Keynesian era’.
LOCATION:Lucia Windsor Room\, Newnham College
CONTACT:D'Maris Coffman
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