Knowledge (XXG)

Britain's Industrial Future

Source πŸ“

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proposals for controlling public and private enterprises; the latter would be required to publish their balance-sheets to aid investment and their directors would be answerable to employees and a Supervisory Council of Shareholders. Private monopolies would be put under more state control and it recommended that an Economic General Staff should be set up to advise the government.
373:, writing in 1977, said that it "stands out today as the most far-sighted policy document produced by any party between the wars" and that "its philosophy so thoroughly permeated British political attitudes that most of its recommendations have come to seem commonplace". He further claimed that it was a "prophetic vision of 249:
Book II ("The Organisation of Business") was primarily the work of Keynes. It recommended that a Board of National Investment should replace the "stream of national investment which is at present chaotically controlled by a multiplicity of public authorities and private interests". It also contained
318:, in an editorial titled "Common Ground", said that those "who possess the industry to read its 500 pages will find a well-written statement of a number of familiar problems, with some interesting, if rather vague, suggestions for meeting them". It further claimed that if the discreet references to 153:
was concentrated in the staple industries and the number of those out of work never went below one million. While imports were above the pre-war figure, exports never exceeded 80% of the pre-war figure and were often less. In 1913 Britain produced 13.11% of the world's domestic exports; by 1927–28
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Book I ("The Condition of British Industry") analysed Britain's industrial problems and concluded that unemployment was caused by the loss of export markets since the War. It also argued that "industrial revival may require a migration of labour from the threatened industries and the diversion to
145:. The War had disrupted her old trading patterns and had caused other countries to develop their own industries. Britain's staple industries (coal, iron, steel, shipbuilding, textiles) had provided most of her exports before the War and these were the hardest hit by the post-war depression. 212:. Five sub-committees investigated Industrial and Financial Organisation (chaired by Keynes), the Functions of the State in Relation to Industry (Muir), Labour and the Trade Unions (Ernest Simon), Worker Remuneration and Status (Gilpin), and Unemployment (Lloyd George). 38: 296:
Book V ("National Finance") argued that the "control of our credit system...should be exercised more deliberately and systemically than hitherto, with a view to the maintenance of steady trade conditions". It also recommended greater public control over the
2090: 269:, together with the spread of banking and investment amongst all classes, would constitute a "real advance towards that goal of Liberalism in which everybody will be a capitalist, and everybody a worker, as everybody is a citizen". 305:. Industry should be relieved by reforming the rating system so that the central government shouldered more of the burden. Chapters 18 and 19 ("Currency Banking and the Reform of National Accounts") were mainly the work of Keynes. 272:
Book IV ("National Development") drew its main recommendations from the ideas of Lloyd George, including the revival of agriculture and the reorganisation of the coal industry. It argued that a large programme of
289:, drainage and the renovation of canals and docks. This would be financed by the Board of National Investment, utilising unused savings, and by the Committee of National Development, drawing on 253:
Book III ("Industrial Relations") envisaged a Council of Industry and a Ministry of Industry working closely together to ensure industrial cooperation, coupled with family allowances and
374: 172:Β£10,000 to finance an enquiry (under the auspices of the Liberal Summer School) on Britain's economic troubles. The subsequent Liberal Industrial Inquiry was chaired by 1477: 1880: 1875: 1870: 1865: 677: 165: 816: 800: 322:
in the Report were omitted, "the structure of the document is unaffected, and what is left bears no mark that is distinctively or recognizably Liberal".
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Throughout 1927 the Inquiry engaged in research, debate and the drafting of the Inquiry's Report. The Report was published on 2 February 1928 as
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claimed that throughout the 1920s "Britain's industrial machine was throttled down; the world's workshop worked on short time".
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said that the "Socialist will read the Report with glee; the true Liberal will grieve for the mutilation of his faith". The
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later wrote: "I found myself in sympathy with most of the proposalsβ€”or at any rate with the general line of approach".
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and retrenchment in defence expenditure. Cuts in social spending were ruled out as it was considered necessary for the
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as a way of encouraging the "popular ownership of industry". Workers would also become shareholders in their firms and
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The British economy had been in a depressed state since the end of the boom that had occurred immediately after the
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said that it was a "sedative rather than exciting. ... Too much of it is in the nature of pious aspirations". The
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would be necessary to deal with unemployment; this would include road-building, house-building,
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had been extended and where private companies were becoming larger and more impersonal.
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Britain's Industrial Future, being the Report of the Liberal Industrial Inquiry of 1928
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was divided into five sections. The introduction claimed that the dichotomy between
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The Report formed the basis of the Liberal Party's election programme for the
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home development of capital normally devoted to foreign investment".
389:(London: Ernest Benn, 1928; second impression, with a foreword by 132: 655: 2170: 2040: 1976: 1821: 1669: 1636: 697: 659: 377:" and "the harbinger of a typically quiet British revolution". 349:, on the other hand, considered it an individualist's charter. 1936: 1920: 1889: 1858: 1832: 1774: 1747: 1680: 1155: 1072: 973: 875: 792: 717: 708: 610:
Lloyd George: The Goat in the Wilderness, 1922–1931
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Lloyd George: The Goat in the Wilderness, 1922–1931
367:. It was often used as a textbook in universities. 94: 86: 78: 70: 60: 52: 44: 2097:Britain's Industrial Future ("The Yellow Book") 560: 558: 556: 671: 525: 523: 521: 495: 493: 491: 489: 487: 455: 453: 451: 8: 30: 718:Leaders in the House of Commons (1859–1916) 2167: 2037: 1973: 1829: 1818: 1677: 1666: 1633: 714: 705: 694: 678: 664: 656: 432: 430: 416: 414: 36: 29: 793:Leaders in the House of Lords (1859–1916) 238:was outdated in modern conditions, where 1881:Liberal Party Frontbench Team, 1976–1988 1876:Liberal Party Frontbench Team, 1967–1976 1871:Liberal Party Frontbench Team, 1956–1967 1866:Liberal Party Frontbench Team, 1945–1956 507: 505: 257:for each industry. As an alternative to 410: 463:(London: Jonathan Cape, 1977), p. 196. 7: 2068:Independent Liberal Party (UK, 1918) 634:Britain Between the Wars, 1918–1940 422:Britain Between the Wars, 1918–1940 577:(London: Macmillan, 1966), p. 166. 515:(London: Macmillan, 1952), p. 393. 337:denounced it as Communist and the 25: 2202:National Liberal Party (UK, 1931) 2194:National Liberal Party (UK, 1922) 1946:National League of Young Liberals 1775:Coalitions with Liberal ministers 1681:Single party Liberal governments 424:(London: Methuen, 1955), p. 259. 2242:Liberal Party (UK) publications 2081:Independent Liberals (UK, 1931) 620:The Life of John Maynard Keynes 513:The Life of John Maynard Keynes 125:'s Industrial Inquiry of 1928. 2257:Books about the United Kingdom 1073:Leaders in the Lords (1916–88) 612:(London: Jonathan Cape, 1977). 1: 1845:Members of the House of Lords 652:at HathiTrust Digital Library 154:this had declined to 10.94%. 31:Britain's Industrial Future 2252:Books about economic 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1955). 303:redistribution of wealth 118:, was the report of the 114:, commonly known as the 2004:Social Democratic Party 2247:1928 non-fiction books 2182:Liberal Unionist Party 2056:Coalition Government: 1907:Scottish Liberal Party 1799:Churchill war ministry 1748:Liberal-led coalitions 1737:First Asquith ministry 1454:Henley and Northington 538:Campbell, pp. 199–200. 481:Campbell, pp. 197–198. 164:in October 1926, gave 138: 2077:National Government: 1993:National Liberal Club 1978:Related organisations 1840:Members of Parliament 1764:Lloyd George ministry 365:1929 general election 136: 2197:(David Lloyd George) 2142:Radical Reform Group 2052:Liberal Imperialists 2016:Ulster Liberal Party 2010:SDP–Liberal Alliance 1638:Leadership elections 267:progressive taxation 2215:Michael Meadowcroft 1912:Welsh Liberal Party 291:site-value taxation 178:John Maynard Keynes 56:Ernest Benn Limited 32: 18:Liberal Yellow Book 2262:David Lloyd George 774:Campbell-Bannerman 625:Harold Macmillan, 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Mowat, 417: 415: 411: 404: 400: 396: 392: 388: 385: 384: 380: 378: 376: 372: 371:John Campbell 368: 366: 361: 359: 355: 350: 348: 347: 342: 341: 336: 335: 330: 329: 323: 321: 317: 316: 308: 306: 304: 300: 294: 292: 288: 287:afforestation 284: 280: 276: 270: 268: 264: 260: 256: 255:minimum wages 251: 247: 243: 241: 237: 233: 232:individualism 229: 222: 220: 218: 213: 211: 207: 203: 199: 195: 191: 187: 183: 179: 175: 174:Walter Layton 171: 167: 163: 159: 155: 152: 148: 144: 135: 128: 126: 124: 123:Liberal Party 121: 117: 113: 112: 102: 101:0-510-02300-2 99: 97: 93: 89: 85: 81: 77: 73: 69: 65: 59: 55: 51: 47: 43: 39: 34: 19: 2119: 2115:Lib–Lab pact 2107: 2096: 2095: 2083: 2070: 2062: 1653:1976 (Steel) 1053: 1037: 1021: 1005: 903:Lloyd George 648: 633: 626: 619: 609: 591: 582: 574: 569: 547: 543: 534: 512: 511:Roy Harrod, 477: 468: 460: 441: 421: 386: 369: 362: 354:Conservative 351: 344: 338: 332: 326: 324: 313: 312: 295: 275:public works 271: 252: 248: 244: 227: 226: 216: 214: 202:H. L. Nathan 182:E. H. Gilpin 166:Ernest Simon 156: 151:Unemployment 140: 115: 110: 109: 108: 2018:(1956–1987) 2012:(1981–1988) 2006:(1981-1988) 1998:Reform Club 1793:(1931-1932) 1671:Governments 1390:Comyns Carr 1222:Dyke Acland 1208:(1890–1902) 1166:Chamberlain 843:(1896–1902) 776:(1899–1908) 391:David Steel 198:Philip Kerr 170:Ramsay Muir 147:C. L. Mowat 116:Yellow Book 2236:Categories 2147:Whig Party 1921:Conference 1859:Frontbench 1850:Chief Whip 1598:Penhaligon 1334:Fothergill 1182:Fell Pease 1157:Presidents 742:Hartington 726:Palmerston 699:Leadership 616:Roy Harrod 603:References 399:0510023002 320:free trade 210:John Simon 129:Background 90:xxiv + 503 2121:Liberator 2103:Glee Club 1823:Structure 1801:(1940–45) 1766:(1916–22) 1758:(1915–16) 1739:(1908–15) 1731:(1905–08) 1723:(1894–95) 1715:(1892–94) 1699:(1880–85) 1691:(1868–74) 1616:(1987–88) 1608:(1986–87) 1600:(1985–86) 1592:(1984–85) 1584:(1983–84) 1576:(1982–83) 1574:Griffiths 1568:(1981–82) 1560:(1980–81) 1552:(1979-80) 1544:(1978–79) 1536:(1977–78) 1528:(1976–77) 1526:Goldstone 1520:(1975–76) 1518:Wingfield 1512:(1974–75) 1504:(1973–74) 1496:(1972–73) 1488:(1971–72) 1480:(1969–70) 1472:(1968–69) 1464:(1967–68) 1456:(1966–67) 1448:(1965–66) 1440:(1964–65) 1432:(1963–64) 1424:(1962–63) 1422:F Brunner 1416:(1961–62) 1414:Malindine 1408:(1960–61) 1400:(1959–60) 1398:Glanville 1392:(1958–59) 1384:(1957–58) 1376:(1956–57) 1368:(1955–56) 1360:(1954–55) 1352:(1953–54) 1344:(1952–53) 1336:(1950–52) 1328:(1949–50) 1326:McFadyean 1320:(1948–49) 1312:(1947–48) 1304:(1945–47) 1296:(1936–43) 1288:(1930–33) 1280:(1927–30) 1272:(1926–27) 1264:(1923–26) 1256:(1920–23) 1254:Robertson 1248:(1918–20) 1240:(1911–18) 1238:J Brunner 1232:(1908–11) 1224:(1906–07) 1216:(1902–06) 1200:(1886–90) 1192:(1883–90) 1184:(1881–82) 1176:(1880–81) 1168:(1877–80) 1147:(1984–88) 1139:(1967–84) 1131:(1955–67) 1123:(1944–55) 1115:(1936–44) 1107:(1931–36) 1099:(1924–31) 1097:Beauchamp 1091:(1923–24) 1083:(1908–23) 1064:(1985–88) 1056:(1979-85) 1048:(1976-79) 1040:(1964–76) 1032:(1962–64) 1024:(1951–62) 1016:(1949–51) 1008:(1945–49) 1000:(1940–45) 992:(1931–35) 984:(1929–31) 961:(1976–88) 945:(1967–76) 937:(1956–67) 929:(1945–56) 921:(1935–45) 913:(1931–35) 905:(1926–31) 897:(1918–20) 895:(interim) 886:(1916–26) 867:(1908–23) 859:(1905–08) 851:(1902–05) 841:Kimberley 835:(1894–96) 827:(1891–94) 825:Kimberley 819:(1868–91) 817:Granville 811:(1865–68) 803:(1859–65) 801:Granville 784:(1908–16) 768:(1896–98) 760:(1894–96) 752:(1880–94) 750:Gladstone 744:(1875–80) 736:(1865–75) 734:Gladstone 728:(1859–65) 548:The Times 393:, 1977). 315:The Times 309:Reception 236:socialism 143:Great War 53:Publisher 27:1928 book 2132:Peelites 2109:The Land 1988:Brooks's 1478:S Robson 1470:Beaumont 1350:L Robson 1286:Brampton 1278:Hobhouse 1174:Collings 990:Sinclair 919:Sinclair 833:Rosebery 766:Harcourt 758:Rosebery 381:Editions 208:and Sir 1582:Tordoff 1566:Bingham 1486:Terrell 1438:Fulford 1382:Micklem 1374:Behrens 1270:Spender 1262:Maclean 1214:Birrell 1105:Reading 951:Grimond 935:Grimond 892:Maclean 884:Asquith 849:Spencer 809:Russell 782:Asquith 710:Leaders 120:British 1785:(1931) 1707:(1886) 1606:Wilson 1590:Watson 1406:Murray 1342:Walker 1294:Meston 1198:Foster 1190:Kitson 1121:Samuel 1054:vacant 1046:Pardoe 1038:vacant 1022:vacant 1006:vacant 998:Harris 982:Samuel 953:(1976) 943:Thorpe 927:Davies 911:Samuel 397:  223:Report 45:Author 1614:Slade 1558:Holme 1542:Steed 1534:Evans 1502:Lloyd 1494:Jones 1446:Seear 1358:White 1318:Dodds 1230:Angus 1145:Seear 1137:Byers 1113:Crewe 1081:Crewe 1062:Beith 959:Steel 865:Crewe 857:Ripon 405:Notes 87:Pages 82:Print 1938:SAOs 1550:Rose 1510:Holt 1462:Wade 1310:Foot 1246:Lunn 1089:Grey 1030:Wade 395:ISBN 352:The 325:The 234:and 168:and 96:ISBN 66:1928 1366:Rea 1129:Rea 356:MP 2238:: 618:, 555:^ 520:^ 504:^ 486:^ 450:^ 429:^ 413:^ 293:. 285:, 281:, 219:. 204:, 200:, 196:, 192:, 188:, 184:, 180:, 2217:) 2213:( 2189:) 2185:( 679:e 672:t 665:v 20:)

Index

Liberal Yellow Book

ISBN
0-510-02300-2
British
Liberal Party

Great War
C. L. Mowat
Unemployment
David Lloyd George
Leader of the Liberal Party
Ernest Simon
Ramsay Muir
Walter Layton
John Maynard Keynes
E. H. Gilpin
Hubert Henderson
Charles Masterman
Seebohm Rowntree
Philip Kerr
H. L. Nathan
Herbert Samuel
John Simon
individualism
socialism
public ownership
minimum wages
nationalisation
profit sharing

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

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