New PDF release: John Strachey: An Intellectual Biography

By N. Thompson

Learning John Strachey, a massive 20th-century British Left highbrow, this e-book offers a close exposition of his highbrow evolution set in its old context, hence highlighting the choice, pressures, dilemmas and pitfalls besetting British socialists within the turbulent occasions of the inter- and post-war classes. The booklet uses unpublished manuscripts, letters and different fabric from Strachey's own papers with his massive journalistic output. by means of the writer of "The People's Science", "The well known Political financial system of Exploitation and trouble, 1816-34", "The marketplace and its Critics" and "Socialist Political economic climate in 19th-Century Britain".

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For a good exposition of Hobson's theory of underconsumption see J. Allett, New Liberalism, the Political Economy ofj. A. Hobson, University of Toronto Press, 1981, pp. 96-130. e. himself and Mosley, J. Strachey, Revolution By Reason, London, p. 128. Though as Skidelsky put it the Birmingham proposals had been 'fully hatched' by March 1925, Oswald Mosley, London, Macmillan, 1975, p. 138. The full title of Mosley's pamphlet was Revolution by Reason, an account of the Birmingham Proposals together with an analysis of the financial policy of the present government which has led to their great attack upon wages.

49 Given the engrained nature of such quintessentially Fabian attitudes support for a contracyclical use of fiscal policy was inevitably half-hearted. Works such as Revolution by Reason and The Living Wage, therefore, represented a definite challenge to the macroeconomic policy inertia characteristic of Fabianism and the greater part of the economic literature emanating from the Labour Party in the 1920s. Here it is is important to stress that this positive attitude to monetary and fiscal policy on the part of 'liberal socialists', such as Strachey and Hobson, rested upon a fundamental difference in theoretical perspective.

56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73 74. 75. 29 In his Election Address of October 1924, for example, Strachey advocated the immediate nationalisation of mines, railways, agriculture, banking and the electricity supply, SP, 1924. J. Strachey, Revolution, pp. 135-6, 162. , p. 145. J. A. , p. 46. Ibid. J. Strachey, Revolution, p. 149. , p. 150. , p. 179. , pp. 1,121, 242, my emphasis. , p. 199. J. A. , The Living Wage, pp. 34-5. , p. 37. , p. 39. , p . , p. 34, my emphasis.

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