Skip to content Skip to navigation
University of Warwick
  • Study
  • |
  • Research
  • |
  • Business
  • |
  • Alumni
  • |
  • News
  • |
  • About

University of Warwick
Publications service & WRAP

Highlight your research

  • WRAP
    • Home
    • Search WRAP
    • Browse by Warwick Author
    • Browse WRAP by Year
    • Browse WRAP by Subject
    • Browse WRAP by Department
    • Browse WRAP by Funder
    • Browse Theses by Department
  • Publications Service
    • Home
    • Search Publications Service
    • Browse by Warwick Author
    • Browse Publications service by Year
    • Browse Publications service by Subject
    • Browse Publications service by Department
    • Browse Publications service by Funder
  • Help & Advice
University of Warwick

The Library

  • Login
  • Admin

Credible Keynesianism? New Labour macroeconomic policy and the political economy of coarse tuning

Tools
- Tools
+ Tools

Clift, Ben and Tomlinson, Jim (2006) Credible Keynesianism? New Labour macroeconomic policy and the political economy of coarse tuning. British Journal of Political Science, Vol.37 (No.1). pp. 47-69. doi:10.1017/S0007123407000038 ISSN 0007-1234.

[img]
Preview
PDF
WRAP_Clift_credible_keynesianism.pdf - Requires a PDF viewer.

Download (158Kb)
Official URL: http://dx.doi.org/10.1017/S0007123407000038

Request Changes to record.

Abstract

This article questions prevailing interpretations of New Labour's political economy and challenges the assumption within the comparative and international political economy literatures of the exhaustion of the Keynesian political economic paradigm. New Labour's doctrinal statements are analysed to establish to what extent these doctrinal positions involve a repudiation of Keynesianism. Although New Labour has explicitly renounced the ‘fine tuning’ often (somewhat problematically) associated with post-war Keynesian political economy, we argue that they have carved out policy space in which to engage in macroeconomic ‘coarse tuning’ inspired by Keynesian thinking. This capacity to ‘coarse tune’ is precisely what is being sought in New Labour's quest for credibility through the redesign of British macroeconomic policy framework and institutions. Our empirical focus on New Labour in government since 1997 offers considerable evidence that this search for the capacity to ‘coarse tune’ has been successful.

Item Type: Journal Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HJ Public Finance
Divisions: Faculty of Social Sciences > Politics and International Studies
Library of Congress Subject Headings (LCSH): Labour Party (Great Britain), Keynesian economics, Macroeconomics -- Great Britain, Economic policy -- Decision making, Great Britain -- Economic conditions -- 1997-
Journal or Publication Title: British Journal of Political Science
Publisher: Cambridge University Press
ISSN: 0007-1234
Official Date: 13 December 2006
Dates:
DateEvent
13 December 2006Published
Volume: Vol.37
Number: No.1
Page Range: pp. 47-69
DOI: 10.1017/S0007123407000038
Status: Peer Reviewed
Access rights to Published version: Open Access (Creative Commons)

Data sourced from Thomson Reuters' Web of Knowledge

Request changes or add full text files to a record

Repository staff actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics

twitter

Email us: wrap@warwick.ac.uk
Contact Details
About Us