134:
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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 1927β28
245:
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
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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
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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 proposalsβor 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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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
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Lloyd George: The Goat in the Wilderness, 1922β1931
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Lloyd George: The Goat in the Wilderness, 1922β1931
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463:(London: Jonathan Cape, 1977), p. 196.
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422:Britain Between the Wars, 1918β1940
577:(London: Macmillan, 1966), p. 166.
515:(London: Macmillan, 1952), p. 393.
337:denounced it as Communist and the
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424:(London: Methuen, 1955), p. 259.
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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.
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612:(London: Jonathan Cape, 1977).
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652:at HathiTrust Digital Library
154:this had declined to 10.94%.
31:Britain's Industrial Future
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2148:
2145:
2143:
2140:
2138:
2135:
2133:
2130:
2128:
2125:
2123:
2122:
2118:
2116:
2113:
2111:
2110:
2106:
2104:
2101:
2099:
2098:
2094:
2092:
2089:
2085:
2084:in Opposition
2082:
2079:
2078:
2076:
2072:
2071:in Opposition
2069:
2066:
2064:
2063:in Government
2061:
2058:
2057:
2055:
2053:
2050:
2049:
2046:
2039:
2035:
2024:
2021:
2017:
2014:
2011:
2008:
2005:
2002:
1999:
1996:
1994:
1991:
1989:
1986:
1985:
1982:
1975:
1971:
1957:
1954:
1952:
1949:
1947:
1944:
1943:
1941:
1939:
1935:
1929:
1926:
1925:
1923:
1919:
1913:
1910:
1908:
1905:
1903:
1900:
1898:
1895:
1894:
1892:
1890:State parties
1888:
1882:
1879:
1877:
1874:
1872:
1869:
1867:
1864:
1863:
1861:
1857:
1851:
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1690:
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1683:
1679:
1675:
1668:
1664:
1654:
1651:
1649:
1648:1967 (Thorpe)
1646:
1645:
1642:
1635:
1631:
1615:
1611:
1607:
1603:
1599:
1595:
1591:
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1475:
1471:
1467:
1463:
1459:
1455:
1451:
1447:
1443:
1439:
1435:
1431:
1430:Rees-Williams
1427:
1423:
1419:
1415:
1411:
1407:
1403:
1399:
1395:
1391:
1387:
1383:
1379:
1375:
1371:
1367:
1363:
1359:
1355:
1351:
1347:
1343:
1339:
1335:
1331:
1327:
1323:
1319:
1315:
1311:
1307:
1303:
1302:Bonham Carter
1299:
1295:
1291:
1287:
1283:
1279:
1275:
1271:
1267:
1263:
1259:
1255:
1251:
1247:
1243:
1239:
1235:
1231:
1227:
1223:
1219:
1215:
1211:
1207:
1206:Spence Watson
1203:
1199:
1195:
1191:
1187:
1183:
1179:
1175:
1171:
1167:
1163:
1162:
1160:
1158:
1154:
1146:
1142:
1138:
1134:
1130:
1126:
1122:
1118:
1114:
1110:
1106:
1102:
1098:
1094:
1090:
1086:
1082:
1078:
1077:
1075:
1071:
1063:
1059:
1055:
1051:
1047:
1043:
1039:
1035:
1031:
1027:
1023:
1019:
1015:
1011:
1007:
1003:
999:
995:
991:
987:
983:
979:
978:
976:
972:
960:
956:
952:
948:
944:
940:
936:
932:
928:
924:
920:
916:
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904:
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893:
889:
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834:
830:
826:
822:
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814:
810:
806:
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797:
795:
791:
783:
779:
775:
771:
767:
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759:
755:
751:
747:
743:
739:
735:
731:
727:
723:
722:
720:
716:
713:
711:
707:
703:
696:
692:
688:
687:Liberal Party
681:
676:
674:
669:
667:
662:
661:
658:
651:
650:
647:Full text of
645:
644:
640:
635:
632:C. L. Mowat,
631:
628:
624:
621:
617:
614:
611:
607:
606:
602:
592:
589:
583:
580:
576:
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567:
561:
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549:
544:
541:
535:
532:
526:
524:
522:
518:
514:
508:
506:
502:
496:
494:
492:
490:
488:
484:
478:
475:
469:
466:
462:
456:
454:
452:
448:
442:
439:
433:
431:
427:
423:
420:C. L. 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:LibβLab 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:(1956β1987)
2012:(1981β1988)
2006:(1981-1988)
1998:Reform Club
1793:(1931-1932)
1671:Governments
1390:Comyns Carr
1222:Dyke Acland
1208:(1890β1902)
1166:Chamberlain
843:(1896β1902)
776:(1899β1908)
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:(1940β45)
1766:(1916β22)
1758:(1915β16)
1739:(1908β15)
1731:(1905β08)
1723:(1894β95)
1715:(1892β94)
1699:(1880β85)
1691:(1868β74)
1616:(1987β88)
1608:(1986β87)
1600:(1985β86)
1592:(1984β85)
1584:(1983β84)
1576:(1982β83)
1574:Griffiths
1568:(1981β82)
1560:(1980β81)
1552:(1979-80)
1544:(1978β79)
1536:(1977β78)
1528:(1976β77)
1526:Goldstone
1520:(1975β76)
1518:Wingfield
1512:(1974β75)
1504:(1973β74)
1496:(1972β73)
1488:(1971β72)
1480:(1969β70)
1472:(1968β69)
1464:(1967β68)
1456:(1966β67)
1448:(1965β66)
1440:(1964β65)
1432:(1963β64)
1424:(1962β63)
1422:F Brunner
1416:(1961β62)
1414:Malindine
1408:(1960β61)
1400:(1959β60)
1398:Glanville
1392:(1958β59)
1384:(1957β58)
1376:(1956β57)
1368:(1955β56)
1360:(1954β55)
1352:(1953β54)
1344:(1952β53)
1336:(1950β52)
1328:(1949β50)
1326:McFadyean
1320:(1948β49)
1312:(1947β48)
1304:(1945β47)
1296:(1936β43)
1288:(1930β33)
1280:(1927β30)
1272:(1926β27)
1264:(1923β26)
1256:(1920β23)
1254:Robertson
1248:(1918β20)
1240:(1911β18)
1238:J Brunner
1232:(1908β11)
1224:(1906β07)
1216:(1902β06)
1200:(1886β90)
1192:(1883β90)
1184:(1881β82)
1176:(1880β81)
1168:(1877β80)
1147:(1984β88)
1139:(1967β84)
1131:(1955β67)
1123:(1944β55)
1115:(1936β44)
1107:(1931β36)
1099:(1924β31)
1097:Beauchamp
1091:(1923β24)
1083:(1908β23)
1064:(1985β88)
1056:(1979-85)
1048:(1976-79)
1040:(1964β76)
1032:(1962β64)
1024:(1951β62)
1016:(1949β51)
1008:(1945β49)
1000:(1940β45)
992:(1931β35)
984:(1929β31)
961:(1976β88)
945:(1967β76)
937:(1956β67)
929:(1945β56)
921:(1935β45)
913:(1931β35)
905:(1926β31)
897:(1918β20)
895:(interim)
886:(1916β26)
867:(1908β23)
859:(1905β08)
851:(1902β05)
841:Kimberley
835:(1894β96)
827:(1891β94)
825:Kimberley
819:(1868β91)
817:Granville
811:(1865β68)
803:(1859β65)
801:Granville
784:(1908β16)
768:(1896β98)
760:(1894β96)
752:(1880β94)
750:Gladstone
744:(1875β80)
736:(1865β75)
734:Gladstone
728:(1859β65)
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:)
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