Lobster Issue 68 (Winter 2014)
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[PDF file]: […] a major event after all. He opines that Callaghan wouldn’t have won a majority and that a general election in late ’78, therefore, may have led to Thatcher being asked to form a government anyway, as Callaghan would have gone to the country and failed. This seems plain wrong. If the election had gone […]
Lobster Issue 80 (Winter 2020)
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[PDF file]: […] the approach he is taking: the devaluation crisis of 1967; the oil crisis and three day week of 1973; the 1976 IMF crisis; so-called sado-monetarism and the Thatcher recession 1979-82; the Lawson boom and bust and fallout with Thatcher 1983-89; Black Wednesday 1992; the financial crash 2007/9; Osbourne’s austerity 2010-16 and the Referendum and […]
Lobster Issue 72 (Winter 2016)
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[PDF file]: […] the year he won the Nobel Prize for Economics. His belief in the centrality of controlling the economy’s money supply was adopted by the Tory right around Thatcher, who had rejected Keynesian notions of the state managing the economy. Previous to this, in 1972 when they were faced with rising unemployment, Edward Heath’s government […]