BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:Protectionism\, deindustrialisation and European integration: the 
 crisis of British Keynesianism revisited\, 1973-1993 - Dr Colm Murphy (Ins
 titute of Historical Research)
DTSTART:20220328T160000Z
DTEND:20220328T173000Z
UID:TALK163612@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:This paper revisits the politics of Keynesianism after 1973 by
  exploring the controversies surrounding the economists Wynne Godley\, Fra
 ncis Cripps\, and the Cambridge Economic Policy Group. Responding to stagf
 lation\, strikes\, and monetarism\, CEPG called for theoretical and foreca
 sting revolutions\, and demanded sweeping import controls – unilateral i
 f necessary – to forestall mass unemployment and reverse Britain’s ‘
 decline’. They became celebrity economists\, attracting both admiration 
 and opprobrium and shaping the agenda of journalists\, politicians\, the s
 tate\, industry\, and the City. Although losing prominence over the 1980s\
 , Godley and Cripps resurfaced in the impassioned debates over European in
 tegration in the early 1990s. Their arguments raised thorny questions\, no
 t just over economic theory and policy\, but also history\, development\, 
 national autonomy\, international law\, and British relations with Europe\
 , Japan\, America\, and the ‘Third World’.\n\nRevisiting the ‘New Ca
 mbridge’ debates throws light on Britain’s transforming political econ
 omy in the late twentieth century\, contributing to recent scholarship tha
 t recognises but looks beyond ‘neoliberalism’. This paper underscores 
 the crucial role of deindustrialisation and oil in destabilising the mid-c
 entury foundations – economic\, political\, and intellectual – of full
  employment. It also highlights the intersection between macroeconomic pol
 itics and the geopolitics of the Cold War and emerging European Union. Fin
 ally\, through exploring the internal conflicts and creative reinventions 
 of ‘Keynesianism’ after its alleged demise\, this paper illuminates po
 litical and economic controversies of the early twenty-first century.
LOCATION:John Bradfield Room\, Darwin College and Zoom
END:VEVENT
END:VCALENDAR