Imagining Britain’s economic future, c.1800-1975

Reblogged from the Imperial & Global Forum:

Imperial & Global Forum

David Thackeray, Richard Toye, and Andrew Thompson
University of Exeter

This book considers how Britain has imagined its economic role in the wider world and how British ideas have influenced global debates about market relationships between the start of the nineteenth century and the UK’s first European referendum. In doing so, the authors explore the interplay between the high political thought of theorists, the activities of officials and businesspeople, and the everyday experience of the wider public. Across the contributions to this book there is a consideration of the competing factors which affected market decisions and the processes of ‘economic imagination’.

The economist Joseph Schumpeter put the concept of imagination at the heart of the entrepreneurial process. It was this quality which, above all, businesspeople required if they were to succeed: ‘the capacity of seeing things in a way which proves afterwards to be true, even though it cannot be…

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