The Liberal Party in the United Kingdom implemented a number of economic policies between 1900 and 1915 that aimed to promote economic growth and development while putting an emphasis on social welfare in what became the beginnings of the welfare state. The party’s focus on free trade, social welfare reforms, and infrastructure investments helped toContinue reading “Left-wing Liberals”
Tag Archives: business
Britain’s Decline: 1950-79
John Maynard Keynes revolutionised the Economics profession. Through developing the foundations for the New Keynesian consensus that occupies policymakers today. However, successive Labour and Conservative governments stuck religiously to the Keynesian demand-management model, neglecting the supply-side performance of the economy that continuously lagged behind its peers. Heavy government intervention, a key tenant of the originalContinue reading “Britain’s Decline: 1950-79”
Golden Gilded Age?
The Gilded Age was a period of American history that lasted from the late 19th century to the early 20th century. During this time, the United States experienced significant changes in its economic structure, as it shifted from an agricultural economy to an industrial one. The Gilded Age was marked by a number of economicContinue reading “Golden Gilded Age?”
Stop-go Monetary Failure: 1970s’ Inflation
Inflation. Squeezing millions of households across the UK to the brink. Excessive stimulus by Central Banks globally, particularly the Federal Reserve and the Bank of England, have exacerbated supply side shocks. Economists likening the inflationary shocks of the 1970s are misguided. The Great Moderation, the three decades of economic stability and growth that succeeded theContinue reading “Stop-go Monetary Failure: 1970s’ Inflation”
Free Marketeer 