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Britain's achilles heel : our uncompetitive pound / John Mills.
Author
Mills, John, 1938-
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Format
Book
Language
English
Published/Created
London : Civitas, 2017.
©2017
Description
xviii, 261 pages ; 24 cm
Availability
Copies in the Library
Location
Call Number
Status
Location Service
Notes
Firestone Library - Stacks
HC256.7 .M55 2017
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Details
Subject(s)
Monetary policy
—
Great Britain
—
History
—
20th century
[Browse]
Pound, British
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Great Britain
—
Economic policy
—
1997-
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Summary note
"Why is economic growth and prosperity in the world so patchy and unstable? Why have incomes for so many people stagnated? Why is there so much inequality - and why is there so much debt? Are all these conditions inevitable or are there more effective ways of ordering our economic affairs to achieve better results?In this new book, the economist and entrepreneur John Mills confronts these questions and shows how the problems we face are not insoluble - if we are prepared to learn the lessons from the past. Drawing extensively on economic history, he demonstrates how the current policy framework is flawed and how a radical new approach is needed to close the divide between those who have done well out of globalisation and those who haven't. At the root of our difficulties lies an economy that has been allowed to become uncompetitive because of the long-term strength of the pound and unbalanced because of the deindustrialisation that has ensued. Reversing this process calls for a commitment to re-expanding the UK's manufacturing base that must start with an activist exchange rate policy designed to keep the price of sterling down.' The UK electorate does not look likely to tolerate in future the static wages and lost opportunities from which far too many have suffered. Those who have done well need to pay more attention to the lot of those who have not been so lucky. Using an activist but benign exchange rate policy as the lever for doing so has a much better chance of success than any other policy option on the horizon.' - John Mills" -- back cover.
Bibliographic references
Includes bibliographical references (pages 239-256) and index.
Other title(s)
Our uncompetitive pound
ISBN
9781906837877 (hardback)
1906837872 (hardback)
9781906837860 (paperback)
1906837864 (paperback)
LCCN
2017430357
OCLC
987907426
Statement on language in description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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Britain's achilles heel : our uncompetitive pound / John Mills.
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SCSB-11435573