Adjusting from war to peace in 1940s Britain
Citation:
Crafts, N. F. R.. 'Adjusting from war to peace in 1940s Britain'. - Economic & Social Review, Vol. 25, No. 1, October, 1993, pp. 1-20, Dublin: Economic & Social Research InstituteDownload Item:
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Abstract:
Most assessments of British economic policy in the transition from war to peace after
1945 praise the strategy adopted. This paper draws on recent growth theory and analysis of
eastern European liberalisation to argue that British policy was seriously flawed. In particular, a heavy price was paid for the social contract and delayed liberalisation in the 1945-55 period in terms of subsequent growth and productivity performance. Policy choices, notably with regard to taxation and industrial relations, were, however, heavily constrained by political circumstances.
Author: Crafts, N. F. R.
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Economic & Social StudiesType of material:
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Full text availableKeywords:
Economic history, Great Britain, Economic policy, Post-war periodISSN:
0012-9984Licences: