Keith Joseph’s ‘Third Crusade’

  • Eric Caines


Chapter 8 appraises Sir Keith Joseph as the leading proselytiser for ‘The New Conservatism’. Between June 1974 and December 1975, in what came to be called his ‘third crusade’, he tirelessly urged the adoption of an economic policy based on control of the money supply (‘monetarism’) rather than Keynesian deficit-financing, as the most effective means of controlling inflation. It then looks closely at the events which caused him to abandon any hopes he might have had of succeeding Heath as Party leader and introduces the Centre for Policy Studies, set up and used by Joseph as a vehicle for disseminating his ideas more widely.

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© The Author(s) 2017

Authors and Affiliations

  • Eric Caines
    • 1
  1. 1.Independent ScholarOxfordUnited Kingdom

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