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During the 1950s and 1960s, research on the prewar British economy was influenced strongly by ideas from Keynesian macroeconomics. It is important to reexamine this period of history, asking to what extent the Keynesian vision offers useful insights into advances in time series analysis as well as developments in macroeconomics to answer this question.
This is a comprehensive account of a decisive epoch in England's economic development by a leading economic historian. 'Works of economic history often get bogged dwon in figures - so many machines, so much unemployment, often, too, they are histories of technology, not of economic organization. Professor Ashworth goes to the opposite extreme in a most praiseworthy way: his book is actually good to read. Though there are tables of statistics (eleven of them), the book is an essay in interpretation, not an encyclopedia; it enriches our understanding rather than adding to our knowledge.' A.J.P. Taylor. This classic book was first published in 1960.
A new edition of the leading textbook on the economic history of Britain since industrialization. Combining the expertise of more than thirty leading historians and economists, Volume 2 tracks the development of the British economy from late nineteenth-century global dominance to its early twenty-first century position as a mid-sized player in an integrated European economy. Each chapter provides a clear guide to the major controversies in the field and students are shown how to connect historical evidence with economic theory and how to apply quantitative methods. The chapters re-examine issues of Britain's relative economic growth and decline over the 'long' twentieth century, setting the British experience within an international context, and benchmark its performance against that of its European and global competitors. Suggestions for further reading are also provided in each chapter, to help students engage thoroughly with the topics being discussed.