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Years of Recovery - British Economic Policy 1945-51 (Hardcover, New Ed)
Loot Price: R5,993
Discovery Miles 59 930
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Years of Recovery - British Economic Policy 1945-51 (Hardcover, New Ed)
Series: Economic History
Expected to ship within 12 - 17 working days
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Years of Recovery was the first comprehensive study of the
transition from war to peace in the British economy under the
Labour government of 194551. It includes a full account of the
successive crises and turning-points in those hectic years the coal
and convertibility crises of 1947, devaluation in 1949 and
rearmament in 1951. These episodes, apart from their dramatic
interest, light up the dilemmas of policy and the underlying
economic trends and pressures in a country delicately poised
between economic disaster and full recovery. Many of the debates on
economic policy that are still in progress on incomes policy,
demand management, the welfare state and relations with Europe, for
example have their roots in those years. Many of the trends
originating then persisted long afterwards.
The book also examines the interaction between events and policy
and the role in a managed economy of the policy-making machine. Now
that the public records are open to 1954, it has been possible to
make use of official documents to review the possibilities of
action that were canvassed and the thinking and differences of
opinion that underlay ministerial decisions. Combining personal
involvement with thorough research, this fascinating study will be
a major contribution to our understanding of post-war economic
policy.
Alec Cairncross was Chancellor of the University of Glasgow and a
former Master of St Peters College, Oxford. He spent the years
covered by this volume as a civil servant in London, Berlin and
Paris before moving to Glasgow as Professor of Applied Economics.
This classic book of some of his most brilliant research was first
published in 1985.
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