The City of London and Social Democracy
The Political Economy of Finance in Britain, 1959 - 1979
Series: Oxford Historical Monographs;
- Publisher's listprice GBP 96.00
-
45 864 Ft (43 680 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 10% (cc. 4 586 Ft off)
- Discounted price 41 278 Ft (39 312 Ft + 5% VAT)
Subcribe now and take benefit of a favourable price.
Subscribe
45 864 Ft
Availability
printed on demand
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Publisher OUP Oxford
- Date of Publication 22 June 2017
- ISBN 9780198804116
- Binding Hardback
- No. of pages272 pages
- Size 223x156x21 mm
- Weight 422 g
- Language English
- Illustrations 11 black and white figures/illustrations 0
Categories
Short description:
How and why did social democracy give way to neoliberalism in Britain in the late twentieth century? Aled Davies asks these questions in this exploration of the City of London and its relationship with the post-war social democratic State.
MoreLong description:
The City of London and Social Democracy examines the relationship between the financial sector and the state in post-war Britain.
The key argument made in Aled Davies's study is that changes to the financial sector during the 1960s and 1970s undermined the state's capacity to sustain and develop a modern industrial economy. Social democratic economic strategy was constrained by the institutionalization of investment in pension and insurance funds; the fragmentation of the nation's oligopolistic domestic banking system; the emergence of an unregulated international capital market based in London; and the breakdown of the Bretton Woods international monetary system. Novel attempts to reconfigure social democratic economic strategy in response to these changes ultimately proved unsuccessful. Meanwhile, the assumption that national prosperity could only be achieved through industrial growth was challenged by a reconceptualization of Britain as a fundamentally financial and commercial nation -- an idea that was successfully promoted by the City itself. These findings assert the need to place the Thatcher governments' subsequent neoliberal economic revolution, which saw the acceleration of deindustrialization and the triumph of the City of London as a pre-eminent international financial centre, within a broader material, institutional, and cultural context previously underappreciated by historians.
Table of Contents:
Introduction
'Pension Fund Socialism': Institutional Investment and Social Democracy
The Politics of Banking and Social Democracy
The Limits of Financial Reform and the Challenge to Social Democracy in the 1970s
The City of London and the Politics of 'Invisibles'
The City of London and the Evolution of British Monetarism
Conclusion
Bibliography
