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Duncan Weldon

@duncanweldon.bsky.social

Economics writer. Author. Expect history, economics, finance and other stuff. Some cricket. Wrote Two Hundred Years of Muddling Through. Blood and Treasure, on the economics of war, out now.

8681 Posts26137 Follower1635 Folgt
Colm Murphy@colmpm.bsky.social · yesterday

It's nice to see P&P promoting my article as we approach the anniversary of the 1976 IMF Crisis, when unilateral protectionism was furiously debated within the bowels of the British state. It's open access and free to read via the link below.

'The Political Crisis of British Keynesianism', by Colm Murphy. Abstract: 'In histories of Western political economy in the 1970s–1980s, Keynesianism is conventionally depicted as a victim of neoliberal ascendancy. Building on revisionist scholarship, this article looks beyond neoliberalism to explain the fate of Keynesianism in the transforming political economy of the United Kingdom in its global contexts. It explores a neglected case study: the intense controversies sparked by the Keynesian policy makers Wynne Godley and Francis Cripps. Responding to stagflation and strikes, Godley and Cripps demanded sweeping import controls to forestall mass unemployment and reverse Britain’s ‘decline’. They became celebrity economists, attracting admiration and opprobrium from government ministers and officials, political parties, journalists, and the City. Their arguments raised thorny questions, not just over economic policy, but also over Britain’s domestic statecraft and geopolitical relations after empire, during the Cold War, and inside the European Community. Revisiting these debates underscores the destabilizing impact of de-industrialization. It also reveals that (geo)political calculation determined the fate of Keynesian policy making more directly than neoliberal ideology. Godley and Cripps’s failure therefore illuminates a deeper political dilemma for fin-de-siècle Keynesians across Europe: upon which territorial order could they, and should they, exercise demand management as globalization accelerated? This question continues to shape Western politics in the twenty-first century.'
Past and Present@pastpresentsoc.bsky.social · yesterday

On advance access "The Political Crisis of British Keynesianism, 1973–1983" by @colmpm.bsky.social (‪@qmpoliticsir.bsky.social‬) #OpenAccess doi.org/10.1093/past...

Duncan Weldon@duncanweldon.bsky.social · yesterday

As a general rule: explaining something you know well to smart people who ask good questions but do not know the topic well is a really useful exercise. If nothing else, they tend to ask interesting questions which you hadn’t considered.

Duncan Weldon@duncanweldon.bsky.social · 2d ago

My Kindle is quite old and very frequently used. I’ve discovered that the battery life is approx 5-6x longer if I keep it in airplane mode and only connect to wi-fi when I need to download something. Quite surprised that connectivity eats that much charge.

Duncan Weldon@duncanweldon.bsky.social · 3d ago

Last time I booked an appointment at my barbers: I had to fill in an online form, confirm my mobile number by entering a number texted to me, scroll through a calender to find availability and enter a second code to confirm my email address. This time: I phoned them instead.