The Treasury and British Public Policy, 1906-1959


'Magisterial... numerous elegant accounts and judicious assessments... its main strength lies less in the specifics than in the long view and especially in an integrated perspective... no less important for political historians than it is for economic and administrative historians. All discussions of British politics during this period should be informed by it.' -Contemporary British History'George Peden has been working on the Treasury since the 1970s, and in this book he brings together a vast amount of research to provide, if not a definitive history, at least one that will long dominate the field.' -History'Until now we have had no archive-based institutional history of the Treasury. For this reason alone this volume is to be welcomed and is an important contribution which will be referred to widely and will undoubtedly appear on many reading lists. More than this, few are as well placed to have filled this gap as George Peden, given his long-established authority and knowledge of the workings of the Treasury.' -Twentieth Century British History'Anyone who writes on British economic policy in the twentieth-century will need to consult this impressive volume. A major institution now has the study its importance warrants. Given the huge influence of the British Treasury, this authoritative study will be an essential reference tool not only for those examining the more recondite areas of the government's financial business but for those concerned with the broad context of British domestic and overseas policy formulation.' -The Journal of Imperial and Commonwealth History'Peden handles a mass of material in a masterly way... he has a gently ironic style with a great talent for apt quotation.' -Sir Alan Budd, Times Literary SupplementThis authoritative history of the Treasury provides a new perspective on public policy-making in the twentieth century. It explores the role and functions of the Chancellor of the Exchequer and the consequent implications for the changing role of the Treasury. As the key department in British government, the Treasury developed growing responsibility for managing the national economy and became increasingly involved in international relations from the time of the First World War. Professor Peden examines the relations between ministers and their official advisers, and the growing influence of economists in Whitehall.

Additional information

Publisher: Place of publication:
  • New York
Publication year:
  • 2000


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