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Dr Duncan Needham

Dr Duncan Needham

Dean and Senior Tutor, Darwin College.

Director, Centre for Financial History.

Senior Researcher, Centre for Risk Studies, Judge Business School.

Darwin College
Silver Street

Cambridge CB3 9EU
Office Phone: +44 (0)1223 335673

Biography:

My research spans the economic history, particularly the monetary and financial history, of the United Kingdom, France and Germany across the last three centuries.  I focus on the intersection of economic theory and politics with financial markets.  Recent research has been on the supranational plane, with work on European Monetary Union and the International Monetary Fund, particularly the latter’s often thorny relations with the United Kingdom from the 1950s to the 1970s.

After completing my first degree at the London School of Economics in 1994, I was a bond trader at JP Morgan and then a fund manager at Cairn Capital, returning to academia in 2008.

Subject groups/Research projects

Economic, Social and Cultural History:

Research Interests

Contemporary British History, Monetary History, Economic History, Political History.

Research Supervision

I supervise MPhil and undergraduate dissertations in topics on twentieth century British, European and American economic history.  I currently supervise PhD candidates on the following topics:

French and British experiences of immigration policymaking, 1973-1985.

The 1973 oil crisis and the British government’s economic and security interests, 1967-1979.

The long shadow of default: rethinking the causes and consequences of the United Kingdom's unpaid war debts, 1917 - 1978.

New York Trust Company exposures and institutional funding arrangements during the Panic of 1907.

Teaching

Part I (History)

Paper 6 British Political History since 1880

Paper 10 British Economic and Social History, 1700-1880

Paper 11 British Economic and Social History, since c.1880

Part 1 (Economics)

Paper 4 Political and Social Aspects of Economics

Paper 5 British Economic History

MPhil in Economic and Social History

International Political Economy (Central Concepts)

Economic growth and economic development (Central Concepts)

Money, trade and politics: from the Gold Standard to the Euro crisis (Option Paper)

History and Public Policy (Option Paper)

PhD

Approaches to Economic History (Approaches and Methodologies Course)

Keywords

  • Economic, Social History
  • Modern British History

Key Publications

 

Books

Money and markets: essays in honour of Martin Daunton (in press, Boydell and Brewer). Edited with J. Hoppit and A.B. Leonard.

Expansionary fiscal contraction: the Thatcher government’s 1981 Budget in perspective (Cambridge University Press, 2014). Edited with A.C. Hotson.   Selected contributors: Lord Howe of Aberavon, Sir Tim Lankester, Sir Alan Budd, Sir Adam Ridley, Robert Z. Aliber, William Keegan, Robert Neild and Charles Goodhart.

Monetary policy from devaluation to Thatcher, 1967-1982 (Palgrave, 2014) - winner of the Economic History Society's Thirsk-Feinstein prize.

Articles 

‘Historical reasons for the focus on broad monetary aggregates in post-WWII Britain and the “Seven Years War” with the IMF', Financial History Review (December, 2017).  With Charles Goodhart.

‘Britain’s money supply experiment, 1971-73’, English Historical Review (February, 2015).

Chapters

‘The changing risk culture of UK banks’ in D. Ralph and M. Tuveson (eds), Risk culture: organizational dimensions (in press, Cambridge University Press). With A.C. Hotson.

‘Introduction’ in J. Hoppit, A.B. Leonard and D.J. Needham (eds), Money and markets: essays in honour of Martin Daunton (in press, Boydell and Brewer).

‘Maplin: the Treasury and London’s third airport in the 1970s’ in J. Hoppit, D.J. Needham and A.B. Leonard (eds), Money and markets: essays in honour of Martin Daunton (in press, Boydell and Brewer).

‘The evolution of monetary policy in Western Europe’ in S. Battilossi, Y. Cassis and K. Yago (eds), Handbook of the history of money and currency, (Springer, 2018).

‘Snakes and ladders: navigating European monetary union’ in D.D. Coffman, R. Scazzieri and I. Cardinale, The political economy of the Eurozone (Cambridge University Press, 2017, ISBN: 9781107124011).

‘The 1981 Budget: a Dunkirk not an Alamein’ in D.J. Needham and A.C. Hotson (eds.),  Expansionary fiscal contraction: the Thatcher government’s 1981 Budget in perspective (Cambridge University Press, 2014).  Selected contributors: Lord Howe of Aberavon, Sir Tim Lankester, Sir Alan Budd, Sir Adam Ridley, Robert Z. Aliber, William Keegan, Robert Neild and Charles Goodhart.

‘Goodbye Great Britain? The Press, the Treasury, and the 1976 IMF crisis’, in S. Schifferes and R.W. Roberts (eds.), The media and financial crises: historical and comparative perspectives (Routledge, 2014).

Other Publications

Extremes: the Darwin College lectures (Cambridge University Press, 2019). Edited with J.F.W. Weitzdörfer. 

The 1981 Budget – facts and fallacies, (March 2012), D.J. Needham, M.J. Oliver and A. Riley (eds). Published online at www.chu.cam.ac.uk/media/uploads/files/1981_Budget.pdf

Fentiman Road: drawing the Conservative fiscal policy threads together in 1978 (January, 2012).  Published online at www.margaretthatcher.org/document/114053.