Professor Youngson's book is an ubiased review of Britain's past
experience and present difficulties. Few sacred cows are spared.
There is no pretence that fundamental problems were resolved at the
time of its first publication in 1967. Many econmic historians fail
in their assessment of Britian's economic prospects as there is a
tendency to look only at recent events to explain current problems.
Youngson saw that this was short sighted. An economy, like an
airliner, cannot suddenly change its course; it is subject to
persistent forces and tendencies; it is powerfully affected by what
has happened in the recent and sometimes in the not so recent past.
Therefore to understand the problems of today we must know somthing
of how persistent they are , and about what solutions have already
been tried. This book provides a thorough examination of Britain's
economic growth from 1920-1966 and contextualises Britain's
situation within its true historical perspective. This book was
first published in 1967.
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