This authoritative history of the Treasury provides a new perspective on public policy-making in the twentieth century. It explores the role and functions of the Chancellor of the Exchequer and the consequent implications for the changing role of the Treasury. As the key department in British government, the Treasury developed growing responsibility for managing the national economy and became increasingly involved in international relations from the time of the First World War. The author examines the relations between ministers and their official advisers, and the growing influence of economists in Whitehall.

The Treasury and British Public Policy, 1906-1959

Business & Money

Peden, G. C.

Economics

Oxford University Press

This pamphlet studies the debate between John Maynard Keynes and the Treasury from 1919-1946, and discusses the implications of recent research. The traditional picture of Keynes as a Cassandra with the right solutions to unemployment and inflation has been challenged both by new documentary evidence and by economic historians using quantitative methods. Problems in the managed economy since the 1970's have also cast an undeserved shadow on Keynes's reputation. His ideas, and those of the Treasury, can now be looked at in historical perspective.

Keynes, The Treasury and British Economic Policy

Palgrave HE UK

This book integrates strategy, technology and economics and presents a new way of looking at twentieth-century military history and Britain's decline as a great power. G. C. Peden explores how from the Edwardian era to the 1960s warfare was transformed by a series of innovations, including dreadnoughts, submarines, aircraft, tanks, radar, nuclear weapons and guided missiles. He shows that the cost of these new weapons tended to rise more quickly than national income and argues that strategy had to be adapted to take account of both the increased potency of new weapons and the economy's diminishing ability to sustain armed forces of a given size. Prior to the development of nuclear weapons, British strategy was based on an ability to wear down an enemy through blockade, attrition (in the First World War) and strategic bombing (in the Second), and therefore power rested as much on economic strength as on armaments.

Arms, Economics and British Strategy: From Dreadnoughts to Hydrogen Bombs (Cambridge Military Histories)

History

Europe

Cambridge University Press

British Rearmament and the Treasury, 1932-1939

Politics & Social Sciences

Politics & Government

Scottish Academic Pr

British Economic and Social Policy: Lloyd George to Margaret Thatcher

Humanities Pr

Was Churchill correct when he claimed the Second World War could easily have been prevented if Chamberlain had not appeased Hitler? How far did Churchill and Chamberlain differ on defence and foreign policy? To what extent was Chamberlain responsible for military defeats in 1940? In this new account of appeasement, G. C. Peden addresses these questions and provides a comparative analysis of Chamberlain and Churchill's views on foreign policy and strategic priorities, explores what deterrence and appeasement meant in the military, economic and political context of the 1930s and where Chamberlain and Churchill agreed and disagreed on how best to deter Germany. Beginning in 1931 when Chamberlain became Chancellor of the Exchequer, this book explores the evolution of British policy towards Germany through to the Munich Agreement and its aftermath within the context of Britain's power to influence international affairs in the 1930s and of contemporary intelligence.

Churchill, Chamberlain and Appeasement

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Books by Peden, G. C.