Titlebook: Wynne Godley; A Biography Alan Shipman Book 2019 The Editor(s) (if applicable) and The Author(s) 2019 Global recession.Euro.Common currency

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Public Expenditure,undermined by the inability to anticipate expenditure, only half of which is under direct Treasury control. Above him, Treasury undersecretary Richard ‘Otto’ Clarke tackles the problem by taking a leading role in the Plowden Committee, which recommends major changes to public expenditure management

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Planning, Tax Reform and Structural Change,office in 1964 and transfers longer-term responsibilities from the Treasury to the new Department of Economic Affairs. When its government launches a National Plan with bold targets for growth-rate improvement after 1964, Godley is drawn into new tax design and other initiatives designed to promote

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Balance of Payments, Deindustrialisation and Protection, Cambridge’ ideas in the USA, Godley continues to view the ‘Keynesian’ remedy of expansionary fiscal policy as seriously flawed unless the problem of fast-rising imports is solved. He finds support from another Cambridge group working in problems of deindustrialisation, whose acceleration in the UK

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The Research Council Showdown,ncial support, rejecting his appeals that their work is making progress and about to yield substantial advances. The Group dissolves as leading members, including Cripps, seek new opportunities elsewhere, and Godley has to reorganise the DAE around other projects. While the SSRC says its decision re

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Wilderness and Wisdom,t begins the search for an alternative base from which to pursue a second attempt at the subject’s reconstruction. Alternative sponsorship enables him to retain a Cambridge foothold at the university’s new management school, but he is increasingly drawn abroad, as interest in his new approach to the