Dr Maurice Mullard

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Oct 28, 2013 (3 years and 7 months ago)

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Dr Maurice
Mullard

Lecture Three


Founding Fathers Adam Smith David Ricardo
JS Mill all writing 1770 1850


Attempt to explain context of Industrial
Revolution


Smith Invisible Hand Pin Factory and the
Division of Labour


Canons of Taxation


Moral Sentiments


Ricardo on the iron law of wages


Labour and added value


Malthus on population growth


JS Mill on Liberty


Cobden and Bright on Free Trade


Free Trade and cheap Corn imports


Favoured by industry resistance by landed
interests


Corn Laws 1834


Poor Law 1834 Workhouse House Test


Public Sanitation and public Health


Living Standards Debate


Unemployment 25 per cent decline of GDP 10
per cent


Wage Reductions


Bank of England Montagu Norman


And Churchill


Resistance to Keynes on employment


The Gold Standard Debate


Economic Revival after 1933


War


Explaining Economic Decline


Redefining public and private boundaries


Influence of Monetarism


Inflation


Unemployment


Trade Unions


Privatisation


Restructure British Economy


Lawson and the MTFS


Money Supply and Inflation


Control of Government borrowing


Tax Reductions


Increases in Income Inequality


Creating Winners and Losers


Emergence of Financial Sector


Decline of Manufacturing


Regeneration of Cities


The Ascendance of Individualism