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Economic Growth in the West - Comparative Experience in Europe and North America (Hardcover)
Loot Price: R5,290
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Economic Growth in the West - Comparative Experience in Europe and North America (Hardcover)
Series: Economic History
Expected to ship within 12 - 17 working days
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Hailed a "an outstanding contribution to our knowledge of the way
in which western economies work" ["Times Literary Supplement"],
this penetrating study of economic growth compares and analyzes tic
rates of economic advance in the twelve leading countries that
comprise the industrial West. Mr. Maddison examines why, after
relative stagnation for several decades, the rate of economic
development accelerated in continental Europe in the 1950s, whether
this represented a new economic pattern which could be maintained
or was only a passing phase of recovery after World War II. He
observes that the economies of North America and the United Kingdom
seemed by comparison almost to stand still, and he explores the
influence of economic policy on the differing growth rates, and the
growth potentials and desirable lines of policy in the industrial
West. He then discusses the major powers policy problems, whose
outcome so closely affects the developing nations.
Mr. Maddison presents basic statistical series, going back to 1870
in most cases, on gross national products, productivity,
population, labor force, employment, working hours, investment and
capital-output ratios. He draws upon this rich fund of comparative
statistics with skill and insight, relating it throughout to the
broad questions of economic policy which are at issue. This classic
book was first published in 1964.
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