 The End of Full EmploymentR. Hall Chapter 7 in Economics in the Long View, 1982, pp 155-174 from Palgrave Macmillan Abstract: Abstract ‘The Government accept as one of their primary aims and responsibilities the maintenance of a high and stable level of employment after the war’. This is the opening of the White Paper on Employment Policy (Cmd. 6527) issued in May 1944 by the British Coalition Government, in which the three main parties were represented. This marked a revolutionary change in economic policy and undertook a commitment which no previous British Government would have contemplated. For the next three years the problems were those of transition, but as excess demand slackened the new policy had to be implemented. In November 1947 Sir Stafford Cripps succeeded Mr Dalton as Chancellor of the Exchequer and retained the portfolio he already held as Minister of Economic Affairs. As Director of the Economic Section of the Cabinet Office (later transferred to the Treasury and called Economic Adviser to H.M.G.), I became in effect his economic adviser, remaining in this capacity under successive Chancellors until my retirement in 1961. This paper is a short account of how the policy worked in practice and some reflections on later events. Keywords: Monetary Policy; Trade Union; White Paper; Public Expenditure; Wage Increase (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06293-5_7 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-06293-5_7 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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