First published in 1985. In the 1930s the Labour Party undertook a deliberate search for a viable economic programme to introduce a democratic socialism to Britain. Against the background of the economic turmoil of the period, a group of young economists working for the party thrashed out the theoretical and practical implications of the Keynesian revolution, the planning controversies and the new market socialism. New Jerusalems examines in detail this collective enterprise in economic policy-making. This title will be of great interest to scholars and students of political history.
Table of Contents
Foreword by Roy Hattersley; Acknowledgements; Introduction; Part One: The Heritage; 1. Economics, Policy Making and the Labour Party 2. Market Theory and Socialist Economics 3. Economic Policy and the Labour Party 1918-31; Part Two: The Search; 4. New Brooms, New Policies: The Labour Party 1931-5 5. The New Generation 6. Cole and the New Fabians Attack Traditional Policy 7. The New Fabians Attack Unemployment 8. The new Fabians Plan for Socialism 9. The New Generation Rethinks Economic Strategy 10. Dalton Organises His Experts and Labour’s Financial Policy; Part Three: Socialism in Our Time; 11. The New Socialist Economics 12. Labour’s New Programme 13. The New Economic Revisionism 14. Conclusions; Notes; Select Bibliography; Interviews; Index