Ideas and Family Ties: Understanding why English-Speaking Countries Responded So Differently to the Crisis of the 1930s

My explanation of the economic policy variation (convergence and divergence) across the five cases gives primacy to ruling parties’ ideational orientation and political strategies concerning three major groups of interest – business, labour, and agrarian. Where governments privileged businesses and accommodated agrarians to the exclusion of labour, the policy outcome was invariably conservative. In contrast, where governments arranged a rapprochement between agrarians, organized labour, and sections of business, policy innovation followed.