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Ideologies of ConservatismConservative Political Ideas in the Twentieth Century$
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E. H. H. Green

Print publication date: 2002

Print ISBN-13: 9780198205937

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780198205937.001.0001

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The Treasury Resignations of 1958: A Reconsideration

The Treasury Resignations of 1958: A Reconsideration

(p.192) Chapter 7 The Treasury Resignations of 1958: A Reconsideration
Ideologies of Conservatism


Oxford University Press

This chapter offers a new interpretation of the resignation of the Conservative Treasury team of Peter Thorneycroft, Nigel Birch, and Enoch Powell in January 1958, and suggests that this episode, caused by disagreements over inflation, cannot be seen as a ‘rehearsal’ for future debates between ‘Monetarists’ and ‘Keynesians’ in the party. Rather, it suggests that the events of 1958 must be seen as part of a debate that had profound but much more nuanced implications for the future development of Conservative political economy.

Keywords:   Peter Thorneycroft, Nigel Birch, Enoch Powell, inflation, Monetarists, Keynesians, Treasury

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