By Susan Howson
The adventure of the commercial Advisory Council offers the appropriate coverage history to the Keynesian revolution in monetary idea, and to the adoption of the rules of monetary administration in Britain through the moment global battle. This learn of this pioneering advisory establishment opposed to the inter-war atmosphere of melancholy, monetary main issue and restoration relies on executive documents, supplemented by means of different modern assets. The ebook bargains with the political and financial origins of the E.A.C. within the post-1918 decade; the function of the Council and its committees of inquiry because the international stoop started to make an influence on an already depressed British economic system; and the half performed via person fiscal advisers within the dramatic occasions which ended in the autumn of the second one Labour executive and Britain's departure from the optimum in 1931. during the nineteenthirties the paintings of the Council was once carried on via the Committee on fiscal info, which helped to supply the nationwide govt with options to the advanced and novel difficulties of a post-gold common international. as well as assessing the importance of the E.A.C. scan, the e-book reprints a few experiences and offers a advisor to the suitable records within the public files.
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Extra resources for The Economic Advisory Council, 1930-1939: A Study in Economic Advice during Depression and Recovery
P. P. 313(30), ' Imperial Economic Machinery, Memorandum by President of Board of Trade', I I and 23 September 1930. On the conference, see Drummond, Imperial Economic Policy 1917-1939, pp. 145-62. 17 The report of the Committee on Agricultural Policy became entangled in the prolonged controversy within the Cabinet over agricultural protection. Although the Cabinet decided in March 1930 that ' no proposal that involved either a crude subsidy or protective tariffs could be considered ', it argued over home wheat quotas and import boards until June 193 I .
The mood did not survive the summer. * Cab. C. ) 4, Henderson, ' The Economic Outlook', 3 April 1930. Henderson prepared this for the Committee on Economic Outlook, who incorporated it in its report 32 THE EARLY MEETINGS AND REPORTS The early meetings and reports The early meetings of the Council were devoted to general discussion of the economic situation and to decisions as to which subjects merited further inquiry by specialist sub-committees. 1 1 In the latter respect the Council got off to a brisk start.
H. Tawney. Roughly speaking this amounted to seven industrialists (including two bankers), two trade union officials, two scientists, three economists, and a historian. The Council was to meet regularly, and was empowered to appoint standing or other committees to conduct special inquiries; it was to take over the functions of the Committee of Civil Research and draw up a list of other persons who might be called on to assist the Council. Stress was laid on the advisory nature of the new body's duties: ' it will interfere in no way with the functions of or responsibilities of Ministers or of the Departments over which they preside and it will have no administrative or executive powers'.
The Economic Advisory Council, 1930-1939: A Study in Economic Advice during Depression and Recovery by Susan Howson