John Callaghan
Search for other papers by John Callaghan in
Current site
Google Scholar
Social democracy in the light of capitalist crises
The case of British Labour
Abstract only
Log-in for full text

The Labour Party showed little understanding of how the City was bereft of policies for dealing with British financial institutions until after the collapse of the second minority Labour government in 1931. Planning was Labour's central economic idea and it remained so until the 1960s, resurfacing again in the 1970s and early 1980s. As D. Ritschel pointed out, 'the new concept was suddenly embraced by nearly the entire Labour movement as the missing collectivist key to the transition from capitalism to socialism'. New Labour clearly believed that Britain's comparative economic advantage lay in flexible markets, an open economy, low taxes and light regulation of business. The golden age saw an unprecedented period of full employment. It was not a time of social democratic success in government for most of Western Europe and welfare reforms in the period, including some of the more generous, were often introduced by centre-right parties.

  • Collapse
  • Expand

All of MUP's digital content including Open Access books and journals is now available on manchesterhive.



All Time Past Year Past 30 Days
Abstract Views 84 22 1
Full Text Views 28 2 0
PDF Downloads 25 1 0