The Economic Advisory Council

The experience of the Economic Advisory Council provides the relevant policy background to the Keynesian revolution in economic theory, and to the adoption of the principles of economic management in Britain during the Second World War. This study of this pioneering advisory institution against the inter-war setting of depression, financial crisis and recovery is based on government records, supplemented by other contemporary sources. The book deals with the political and economic origins of the E.A.C. in the post-1918 decade; the role of the Council and its committees of inquiry as the world slump began to make an impact on an already depressed British economy; and the part played by individual economic advisers in the dramatic events which led to the fall of the second Labour Government and Britain's departure from the gold standard in 1931. Throughout the nineteenthirties the work of the Council was carried on by the Committee on Economic Information, which helped to provide the National Government with solutions to the complex and novel problems of a post-gold standard world. In addition to assessing the significance of the E.A.C. experiment, the book reprints a number of reports and gives a guide to the relevant documents in the public archives

Advisory committee · Business · Political science · Economic Theory and Policy · Economic, financial, and policy analysis · Political and Economic history of UK and US · Public Administration

• Working-Class Interests and the Politics of Social Democratic Reform in Britain, 1900–1940

  Open Access•James E Cronin, Peter Weiler•International Labor and…•1991

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• Ideas and interests in British economic policy

  Andrew Gamble•Contemporary British History•1996

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• Coldly received’

  Kosmas Tsokhas•Australian Journal Of International…•1992

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• The Failure of Consensus in Britain

  Open Access•Rodney Lowe•The Historical Journal•1978

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• A 1929 Application of Multiplier Analysis by Keynes

  Richard J Kent•History of Political Economy•2007

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• Keynes's Revindication of Classical Monetary Theory

  Filippo Cesarano•History of Political Economy•2003

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• Lionel Robbins

  Susan Howson•History of Political Economy•2013

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