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Years of Recovery - British Economic Policy 1945-51 (Paperback)
Loot Price: R1,717
Discovery Miles 17 170
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Years of Recovery - British Economic Policy 1945-51 (Paperback)
Series: Economic History
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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 1945-51. 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
Peter's 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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