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Something Will Turn Up: Britain's Economy, Past, Present and Future Hardcover – 16 Jul 2015

by David Smith (Author)
4.5 out of 5 stars 10 customer reviews
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Product details

  • Hardcover: 288 pages
  • Publisher: Profile Books; Main edition (16 July 2015)
  • Language: English
  • ISBN-10: 1781253226
  • ISBN-13: 978-1781253229
  • Product Dimensions: 14.4 x 2.8 x 22.2 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Bestsellers Rank: 368,452 in Books (See Top 100 in Books)

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Product Description

Review

Praise for Free Lunch:

'David Smith skilfully cuts through the mind-numbing waffle that surrounds much of modern economics, delivering a highly accessible guide to a subject that many claim to understand but very few do.

(Jeff Randall, BBC Business Editor)

Smith ... is an amiable and talented dining companion (Observer)

Free of jargon, obfuscation and interminable subordinate clauses, his prose is just the job (The Times)

Book Description

Overcoming economic decline, inflation and mass unemployment have challenged successive Chancellors of the Exchequer. Britain's leading economic journalists explains why some of them have made a better fist of it than others.

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4.0 out of 5 starsThe Decline of the Workshop of the World.
By Dr Barry Clayton TOP 500 REVIEWER on 21 July 2015
Format: Kindle Edition
By the 1960's British manufacturing output had doubled in twenty years. The majority of adult males worked in manufacturing, cars were made almost entirely in England, and the unions dominated the workplace. This book by the Sunday Times's economics editor states his views as to how and why this changed dramatically over the next fifty tears or so.

Anyone who grew up in, say, the West Midlands in the period 1950-65 would not recognise it today. David Smith did grow up in that region during that period, and this book is a personal account of how things have altered. The result is a fascinating social document.

From around the mid 1960's things began to go badly wrong. By the turn of the century we were, for example, running an annual manufacturing trade deficit of £60 billion. What caused this calamitous decline? Smith argues, and many other economists and social historians have said the same, it was the result of: opening up of our economy to international competition and our failure to adapt, the fact that Germany re-engineered with the latest technology while we carried on using plant and tools over 70 years old, the export of poor quality goods to our Commonwealth, plus delivery times that became derisory, trades union militancy, the failureof management to invest in training and skills, and government's decision to follow polcies that invited high inflation. Spending and borrowing he says were at times reckless.

Smith applauds Margaret Thatcher's economic revolution. He doesn't fail to note her mistakes but he admires her reform of the unions and her decision to remove capital controls. He praises her single-mindedness and her belief in monetary polcy over fiscal policy. Smith rates Howe as the best Chancellor of her premiership.Read more ›
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5.0 out of 5 starsSomething interesting always turns up
By tdsfox on 24 July 2015
Format: Hardcover
Having enjoyed several of David Smith’s previous books, I was keen to read his latest offering, which takes a pragmatic look at the UK’s economic history over the past 60 years. The book is novel in both senses of the word – both an engaging narrative and innovatively styled. Partly the book is an economic history lesson – a thoughtful account of the major economic and political events that have shaped the UK during Smith’s lifetime and his take on which policymakers got it right and wrong. But the book is also partly a brief autobiography of one of the UK’s leading economic journalists. Scattered throughout its 260 pages are enticing snippets of Smith’s interactions with key policy figures – Chancellors, Prime Ministers, senior civil servants and Bank of England officials – as well as the occasional personal account of how he witnessed the major economic events.

On its own, the economic history lesson would make a good book – a thorough overview of the major events of the past 60 years, which will serve as a useful reminder to policymakers, economic students and the public at large of where we’ve come from, the lessons we should remember, and how the economic realities have changed. As ever, Smith writes in an engaging and accessible way, peppering the book with memorable facts and keeping it largely jargon free. But for me, it was the autobiographical elements that were the most gripping. Smith takes the reader on a journey from the industrial heartland of the West Midlands in the 1950s and 1960s – where he grew up – all the way through to the Great Recession and beyond.Read more ›
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5.0 out of 5 stars... front of my eyes this was just simply an excellent account of the times and the reasons that lay ...
By Dawn H. on 16 Oct. 2015
Format: Hardcover Verified Purchase
Having lived in the West Midlands and shared the experience of seeing the once tagged "workshop of the world" disappear in front of my eyes this was just simply an excellent account of the times and the reasons that lay behind the decline. Maybe appealed to my nostalgic side but extremely well written and personally I found this hard to put down - no mean feat given the subject matter!
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5.0 out of 5 starsAn excellent, very wel writen explanation of what went wrong ...
By Old Ed on 16 Feb. 2016
Format: Hardcover Verified Purchase
An excellent, very well writen explanation of what went wrong and what went right with the British economy. The early West Midlands story of the combined effects of politicians, trade unions and mansagement in driving manufacturing out iof busineess rings particularly true.
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5.0 out of 5 starsA fascinating read for an economics student
By Andrew Henderson on 6 Sept. 2015
Format: Hardcover
A great read that I would recommend to anyone studying economics to get a comprehensive look at Britain's economy.
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