83 research outputs found

    The Role of the State in the Financialisation of the UK Economy

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    This article looks at the role of UK governments in the financialisation of the British economy and its industry. It argues two things. First, the UK state has had a rather more active role here than most observers have acknowledged. Successive governments since the 1970s have not merely abandoned industry, they have handed much of its control to the financial sector. Second, a key part of this policy shift was linked to the rising power of the Treasury and its reshaping of the former Department of Trade and Industry in its own ideal economic policy image. This both boosted the City and disadvantaged industry, thus propelling the UK towards financialisation at a faster pace than almost all rival economies. The arguments are based on evidence from a mix of interviews with central actors, published insider accounts and an analysis of budget statements in the period 1976–2010

    Facts, power and global evidence: a new empire of truth

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    What are the epistemological and political contours of evidence today? This introduction to the Special Issue on Global Evidence lays out key shifts in the contemporary politics of knowledge and describes the collective contribution of the five papers as an articulation of what we describe as a ‘new empiricism’, exploring how earlier historical appeals to evidence to defend political power and decision-making both chime with and differ from those of the contemporary era. We outline some emerging empirical frontiers in the study of instruments of calculation, from the evolution of the randomised controlled trial (RCT) to the growing importance of big data, and explore how these methodological transformations intersect with the alleged crisis of expertise in the ‘post-truth’ era. In so doing, we suggest that the ambiguity of evidence can be a powerful tool in itself, and we relate this ambiguity to the ideological commitment and moral fervour that is elicited through appeals to, and the performance of, evaluation

    Child, Josiah (1630–1699)

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    Barbon, Nicholas (1637/40–?1698)

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    Freeing the phones The case for more liberalisation

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    7.95Available from British Library Document Supply Centre- DSC:6543.32957(CPS-PS--123) / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo

    North, Dudley (1641–1691)

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