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First published in 1985, Prospects for Recovery in the British
Economy examines the origins of the economic downturn of the early
1980s. The book explores the causes of the decrease in industrial
production and employment during the early 1980s and considers the
longer-term cyclical problems of the British economy. In doing so,
it provides a detailed study on downturn and recovery from a
variety of perspectives. Topics covered include the role of the
financial markets; the decline in profitability and productivity in
the manufacturing industry; and, the social implications of
long-term trends. Prospects for Recovery in the British Economy is
ideal for those with an interest in the history of the British
economy and the history of economic thought.
The main contention of this book, first published in 1978, is that
international trade policy must fit the economic structure of the
trading countries. The first two chapters, which compare the
nineteenth and twentieth century movements towards freer trade, and
show the nature of the export structure and pricing, provide the
two main themes of the book: policy and the sort of industries on
which the policies work.
The main contention of this book, first published in 1978, is that
international trade policy must fit the economic structure of the
trading countries. The first two chapters, which compare the
nineteenth and twentieth century movements towards freer trade, and
show the nature of the export structure and pricing, provide the
two main themes of the book: policy and the sort of industries on
which the policies work.
Why is sterling under pressure? Why was the devaluation in 1967
followed by stagnation of British economy? What do the 1971
monetary reforms mean for sterling in the 1970s? First published in
1973, The Functions of Sterling discusses these vital questions and
challenges the received wisdom of those who tells us it is
beneficial that our money should be worth less. It also examines
critically the internal and external performance of sterling
throughout the twentieth century. The book argues that the credit
control policy offers a real possibility of improved economic
growth and encourage the revaluation of sterling. To a large extent
the book is in line with Sir Ralph Hawtrey's reasoning and also
integrates monetary economics with "real" problems of comparative
costs, innovations, and growth. This book is an essential read for
scholars of British economy, public policy, political economy, and
economics in general.
First published in 1985, Prospects for Recovery in the British
Economy examines the origins of the economic downturn of the early
1980s. The book explores the causes of the decrease in industrial
production and employment during the early 1980s and considers the
longer-term cyclical problems of the British economy. In doing so,
it provides a detailed study on downturn and recovery from a
variety of perspectives. Topics covered include the role of the
financial markets; the decline in profitability and productivity in
the manufacturing industry; and, the social implications of
long-term trends. Prospects for Recovery in the British Economy is
ideal for those with an interest in the history of the British
economy and the history of economic thought.
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