John Grieve Smith traces the origins of postwar full employment
policies in the experience of the interwar years and the work of
Keynes and Beveridge. He reviews the successful achievement of full
employment after the war and its subsequent abandonment as the
Keynesian consensus gave way to the new, monetarist-inspired,
orthodoxy. The book puts forward alternative proposals for
expansionary policies, and for international financial reform. It
is written throughout in terms accessible to both the layperson and
the expert.
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