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1. The Decline of the British Economy
General Reading
*Chandler, A.D. (1990) Scale and Scope: The Dynamics of Industrial
Capitalism [esp. Chs.1, 7-9]See also the review article by B.
Supple, Economic History Review, 1991
*Elbaum, B. and Lazonick, W. (eds.) (1985) The Decline of the
British Economy [esp. Ch.1]
*Floud, R.C. and McCloskey, D. (eds.) (1994) The Economic History
of Britain Since 1700, Vol. 2, 1860-1939, 2nd edition
[Ch.2]
Aldcroft, D.H. and Richardson, H.W. (1969) The British Economy
1870-1939 [Esp. Chs.1,3,4 in Section B]
Crafts, N.F.R., Leybourne, S.J. and Mills, T.C. (1989) 'The Climacteric
in Late Victorian Britain and France: A Reappraisal', Journal
of Applied Econometrics, vol.4
Kirby, M.W. (1992) 'Institutional Rigidities and Economic Decline:
Reflections on the British Experience', Economic History Review,
vol. 45
Landes, D.S. (1969) The Unbound Prometheus [esp. Section
IV.4 Some Reasons Why]
Levine, A.L. (1967) Industrial Retardation in Britain, 1880-1914
Lewis, W.A. (1978) Growth and Fluctuations, 1870-1913 [esp.
Ch.5]
Pollard, S. (1992) The Wasting of the British Economy
Supple, B. (1994) 'British Economic Decline since 1945' in R.C.
Floud and D. McCloskey (eds.) The Economic History of Britain
Since 1700, Vol. 3, 1939-1992, 2nd edition
Rubinstein, W.D. (1993) Capitalism, Culture and Decline in Britain,
1750-1990
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Entrepreneurship
*Elbaum, B. and Lazonick, W. (1984) 'The Decline of the British
Economy: An Institutional Perspective', Journal of Economic History,
vol. 44
*Foreman-Peck, J.S. (ed.) (1991) New perspectives on the late
Victorian economy: essays in quantitative economic history, 1860-1914.
*Pollard, S. (1994) 'Entrepreneurship' in R.C. Floud and D. McCloskey
(eds.) The Economic History of Britain Since 1700, Vol. 3,
1939-1992, 2nd edition
Broadberry, S.N. (1997) The Productivity Race [esp. Ch.6]
Coleman, D.C. (1973) 'Gentlemen and Players', Economic History
Review, vol. 26
Coleman, D.C. and Macleod, C. (1986) 'Attitudes and New Techniques:
British Businessmen, 1800-1950', Economic History Review,
vol. 39
Collins, B and Robbins, K. (1990) British Culture and Economic
Decline
Dintenfass, M. (1988) 'Entrepreneurial Failure Reconsidered: the
Case of the Interwar British Coal Industry', Business History
Review, vol.62
Lazonick, W. (1981) 'Competition, Specialisation and Industrial
Decline', Journal of Economic History, vol. 41
McCloskey, D.N. and Sandberg, L. (1971) 'From Damnation to Redemption:
Judgements on the Late Victorian Entrepreneur', Explorations
in Economic History, vol. 9. Reprinted in D.N. McCloskey (1981)
Enterprise and Trade in Victorian Britain
Nicholas, T. (1999) 'Clogs to Clogs in Three Generations? Explaining
Entrepreneural Performance in Britain since 1850', Journal of
Economic History, vol.59
Payne, P.L. (1989) British Entrepreneurship in the Nineteenth
Century, 2nd edition
Weiner, M.J. (1981) English Culture and the Decline of the Industrial
Spirit, 1850-1980
Williams, K., Williams, J. and Thomas, D. (1983) Why are the
British Bad at Manufacturing?
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The Labour Force
*Harley, C.K. (1974) 'Skilled Labour and the Choice of Technique
in Edwardian Industry', Explorations in Economic History,
vol.2
*Lazonick, W. (1994) 'Employment Relations in Manufacturing and
International Competition' in R.C. Floud and D. McCloskey (eds.)
The Economic History of Britain Since 1700, Vol. 2, 1860-1939,
2nd edition
Clegg, H.A., Fox, A. and Thompson, A.F. (1964) A History of
British Trade Unions Since 1889, Vol. I
Clegg, H.A., Fox, A. and Thompson, A.F. (1985) A History of
British Trade Unions Since 1889, Vol. II [Chs.1,2]
Fox, A. (1985) History and Heritage: The Social Origins of the
British Industrial Relations System [Chs.4-6]
Lewchuck, W. (1987) American Technology and the British Car
Industry
More, C. (1980) Skill and the English Working Class, 1870-1914
Price, R. (1986) Labour in British Society [Chs.4,5]
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The Capital Market
*Collins, M. (1995) Banks and Industrial Finance in Britain,
1800-1939, 2nd edition
*Kennedy, W.P. (1976) 'Institutional Response to Economic Growth:
Capital Markets in Britain to 1914' in L. Hannah (ed.) Management
Strategy and Business Development
*Kennedy, W.P. (1987) Industrial Structure, Capital Markets
and the Origins of British Economic Decline [esp. Ch.5]
Cain, P.J. and Hopkins, A.G. (1993) British Imperialism, Crisis
and Deconstruction, 1914-1990 [Chs.2,3]
Collins, M. (1998) 'English Bank Development Within a European
Perspective, 1870-1939', Economic History Review, vol. 51
Cottrell, M. (1980) Industrial Finance, 1830-1914 [esp.
Chs.6-8]
Edelstein, M. (1982) Overseas Investment in the Age of High
Imperialism: the United Kingdom, 1850-1914 [esp. Ch.3]
Michie, R.C. (1987) The London and New York Stock Exchanges,
1850-1914 [esp. Chs.1-4]
Michie, R.C. (1988) 'The Finance of Innovation in Late Victorian
and Edwardian Britain: Possibilities and Constraints', Journal
of European Economic History, vol. 17
Ross, D.M. (1996) 'Commercial Banking in a Market-Orientated Financial
System: Britain Between the Wars', Economic History Review,
vol. 49
van Helten, J.J. and Cassis, Y. (1990) Capitalism in a Mature
Economy [esp. Chs.1-3]
Watson, K. (1996) 'Banks and Industrial Finance: the Experience
of Brewers, 1880-1913', Economic History Review, vol. 49
See also the reading on topic 2.
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2. British Overseas Investment
*Edelstein, M. (1994) 'Foreign Investment and Accumulation, 1860-1914'
in R.C. Floud and D. McCloskey (eds.) The Economic History of
Britain Since 1700, Vol. 2, 1860-1939, 2nd edition
*Edelstein, M. (1994) 'Imperialism: Cost and Benefit' in R.C. Floud
and D. McCloskey (eds.) The Economic History of Britain Since
1700, Vol. 2, 1860-1939, 2nd edition
*Kennedy, W.P. (1987) Industrial Structure, Capital Markets
and the Origins of British Economic Decline [esp. Chs.5-6]
Barratt Brown, M. (1971) Economics of Imperialism [esp.
Ch.8]
Cain, P.J. and Hopkins, A.G. (1993) British Imperialism, Crisis
and Deconstruction, 1914-1990
Cairncross, A.K. (1953) Home and Foreign Investment, 1870-1913
[esp. Chs.7-9]
Cottrell, P.L. (1975) British Overseas Investment in the Nineteenth
Century
Davis, L.E. and Huttenback, R.A. (1987) Mammon and the Pursuit
of Empire, 1860-1912
Edelstein, M. (1982) Overseas Investment in the Age of High
Imperialism: the United Kingdom, 1850-1914 [esp. Chs.1,2,8,9]
Fieldhouse, D.K. (1973) Economics and Empire 1830-1914 [Ch.3]
Ford, A.G. (1965) 'Overseas Lending and Internal Fluctuations,
1870-1914', Yorkshire Bulletin of Economic and Social Research.
Reprinted in A.R. Hall (1968) The Export of Capital from Britain,
1870-1914
Imlah, J.A.H. (1958) Economic Elements in the Pax Britannica:
Studies in British Foreign Trade in the Nineteenth Century
Offer, A. (1993) 'The British empire, 1870-1914: a waste of money?',
Economic History Review, vol.46
Pollard, S. (1985) 'Capital Exports, 1870-1914: Harmful or Beneficial?',
Economic History Review, vol. 38.
See also the comments by P. Temin, August 1987, and by V.N. Balasubramanyam,
May 1989
Rowthorn, R.E. and Solomou, S.N. (1991) 'The Macroeconomic Effects
of Overseas Investment on the UK Balance of Trade, 1870-1913', Economic
History Review, vol. 44
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3. The First World War and its Aftermath
General Reading
*Milward, A.S. (1984) The Economic Effects of the Two World
Wars on Britain, 2nd edn.
Broadberry, S.N. (1988) 'The Impact of the World Wars on the Long-Run
Performance of the British Economy', Oxford Review of Economic
Policy, 4 (1), pp. 25-37.
Hardach, G. (1977) The First World War, 1914-1918, esp.
ch. 10.
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Post-War Trade
*Aldcroft, D.H. (1970) The Interwar British Economy, 1919-1939
Tomlinson, J. (1979) 'The First World War and British cotton piece
exports to India', Economic History Review, vol.32
Wolcott, S. (1991) 'British myopia and the collapse of Indian textile
demand', Journal of Economic History, vol.51
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Post-War Policy
*Broadberry, S.N. (1990) 'The Emergence of Mass Unemployment: Explaining
Macroeconomic Trends in Britain During the Trans-World War I Period',
Economic History Review, vol. 43
*Broadberry, S.N. (1992) 'The Emergence of Mass Unemployment: a
Reply', Economic History Review, vol.45
*Glynn, S. and Booth, A.E. (1992) 'The Emergence of Mass Unemployment:
Some Questions of Precision', Economic History Review, vol.45
Broadberry, S.N. (1986) 'Aggregate Supply in Interwar Britain',
Economic Journal, vol.96
Dowie, J.A. (1975) '1919-20 is in Need of Attention', Economic
History Review, vol.28
Howson, S.K. (1974) 'The Origins of Dear Money, 1919-20', Economic
History Review, vol.27
Howson, S.K. (1975) Domestic Monetary Management in Britain,
1919-38
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4. Industrial Problems in the Interwar Period
General Reading
*Alford, B.W.E. (1994) 'New Industries for Old: British Industry
Between the Wars' in R.C. Floud and D. McCloskey (eds.) The Economic
History of Britain Since 1700, Vol. 2, 1860-1939, 2nd edition
*Elbaum, B. and Lazonick, W. (eds.) (1985) The Decline of the
British Economy [esp. Chs.1-6]
*Foreman-Peck, J.S. (1994) 'Industry and Industrial Organisation
in the Inter-War Years', in R.C. Floud and D.N. McCloskey (eds)
(1994) The Economic History of Britain since 1700, 2nd edn..
Vol. 2: 1860-1939
Aldcroft, D.H. (1970) The Interwar Economy: Britain, 1919-1939
[Ch.5]
British Association for the Advancement of Science (1935) Britain
in Depression
British Association for the Advancement of Science (1938) Britain
in Recovery
Broadberry, S.N. and Crafts, N.F.R. (1990) 'Explaining Anglo-American
Productivity Differences in the Mid-Twentieth Century', Oxford
Bulletin of Economics and Statistics, vol. 52
Broadberry, S.N. and Crafts, N.F.R. (1992) 'Britain's Productivity
Gap in the 1930s: Some Neglected Factors', Journal of Economic
History, vol.52
Broadberry, S.N. and Fremdling, R. (1990) 'Comparative Productivity
in British and German Industry, 1907-37', Oxford Bulletin of
Economics and Statistics, 52 (4), pp. 403-22
Buxton, N.K. and Aldcroft, D.H. (1979) British Industry Between
the Wars [esp. Chs.1-4]
Chandler, A.D. (1990) Scale and Scope: The Dynamics of Industrial
Capitalism
Musson, A.E. (1978) The Growth of British Industry [esp.
Chs.15-17]
Tunzelmann, G.N. von (1982) 'Structural Change and Leading Sectors
in British Manufacturing, 1907-68', in C.P. Kindleberger and G.
di Tella (eds) Economics in the Long-View. Vol. 3: Applications
and cases, pt. II
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5. The Return to Gold in 1925
Introduction to the Gold Standard
*Eichengreen, B. (1985) The Gold Standard in Theory and History
[Chs.6-9]
Ford, A.G. (1962) The Gold Standard, 1880-1914: Britain and
Argentina [Chs.1-3]
Hawtrey, R.G. (1939) The Gold Standard in Theory and Practice,
4th edition [Chs.1-4]
Nevin, E. (1955) The Mechanism of Cheap Money [esp. Ch.1]
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General Reading
*Eichengreen, B. (1992) Golden Fetters
*Moggridge, D. (1972) British Monetary Policy, 1924-1931
[esp. Chs.1-4]
Drummond, I. (1987) The Gold Standard and the International
Monetary System, 1900-1939
Keynes, J.M. (1932) 'The Economic Consequences of Mr. Churchill'
in Essays in Persuasion
Pollard, S. (1970) The Gold Standard and Employment Policy Between
the Wars [esp. introduction and Chs.1,4]
Sayers, R.S. (1960) 'The Return to Gold, 1925' in L.S. Pressnell
(ed.) Studies in the Industrial Revolution
Sayers, R.S. (1976) The Bank of England, vol. 1
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Slightly More Difficult Reading
*Dimsdale, N.H. (1981) 'British Monetary Policy and the Exchange
Rate, 1920-1938', Oxford Economic Papers, vol. 33
*Howson, S.K. (1975) Domestic Monetary Management in Britain,
1919-38
*Redmond, J. (1992) 'The Gold Standard between the Wars' in S.N.
Broadberry and N.F.R. Crafts (eds.) Britain in the International
Economy, 1870-1939
Jones, M.E.F. (1985) 'The Regional Impact of an Overvalued Pound
in the 1920s', Economic History Review, vol. 38
Matthews, K.G.P. (1986) 'Was Sterling Overvalued in 1925?', Economic
History Review, vol. 39.
See also the comment by Redmond and reply by Matthews, Economic
History Review, 1989, vol. 42
Pressnel, L.S. (1978) '1925: The Burden of Sterling', Economic
History Review, vol. 31
Redmond, J. (1984) 'The Sterling Overvaluation in 1925: A Multilateral
Approach', Economic History Review, vol. 37
Wolcott, S. (1993) 'Keynes versus Churchill: Revaluation and British
Unemployment in the 1920s', Journal of Economic History,
vol. 53
Wright, J.F. (1981) 'Britain's Interwar Experience', Oxford
Economic Papers, vol. 33. Reprinted in Eltis and Sinclair (1981)
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6. The Great Depression and Departure from the Gold Standard
in 1931
General Reading
*Cairncross, A. and Eichengreen, B. (1983) Sterling in Decline
[esp. Chs.2,3]
*Eichengreen, B. (1992) 'The Origins and Nature of the Great Slump
Revisited', Economic History Review, vol. 45
Feinstein, C.H., Temin, P. and Toniolo, G. (1995) 'International
Economic Organization: Banking, Finance and Trade in Europe Between
the Wars' in C.H. Feinstein (ed.) Banking, Currency and Finance
in Europe Between the Wars
Fearon, P. (1979) The Origins and Nature of the Great Slump,
1929-1932
Kindleberger, C.P. (1973) The World in Depression, 1929-1932
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Slightly More Difficult Reading
*Capie, F., Mills, T.C. and Wood, G.E. (1986) 'What Happened in
1931?' in F. Capie and G.E. Wood (eds.) Financial Crises and
the World Banking System
Howson, S. (1980) Sterling's Managed Float: The Operation of
the Exchange Equalisation Account, 1932-1939
Redmond, J. 'An Indicator of the Effective Exchange Rate of the
Pound in the 1930s', Economic History Review, vol. 33
Sayers, R.S. (1976) The Bank of England, 1891-1944, vol.
2 [esp. Chs.17,18]
Williams, D. (1963) 'The 1931 Financial Crisis', Yorkshire Bulletin
of Economic and Social Research, vol. 15
See also the reading for topics 5 and 7
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7. Unemployment in Interwar Britain
General Reading
*Garside, W.R. (1990) British Unemployment, 1919-1939: A Study
in Public Policy
Aldcroft, D.H. (1970) The Interwar Economy: Britain 1919-1939
[esp. Chs.2-4]
Alford, B.W.E. (1972) Depression and Recovery? British Economic
Growth, 1918-1939
Beveridge, W.H. (1930) Unemployment: A Problem of Industry
See also the readings for topics 4 and 8
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Recent Studies
*Benjamin, D. and Kochin, L. (1979) 'Searching for an Explanation
for Unemployment in Interwar Britain', Journal of Political Economy,
vol. 87.
See also 'A Reply to Our Critics', Journal of Political Economy,
vol. 90, 1982
*Dimsdale, N.H., Nickell, S. and Horsewood, N. (1989) 'Real Wages
and Unemployment in Britain During the 1930s', Economic Journal,
vol.99
*Eichengreen, B. (1987) 'Unemployment in Britain: Dole or Doldrums?',
Oxford Economics Papers, vol. 39
*Hatton, T. (1994) 'Unemployment and the Labour Market in Inter-War
Britain' in R.C. Floud and D. McCloskey (eds.) The Economic History
of Britain Since 1700, Vol. 2, 1860-1939, 2nd edition
Beenstock, M. and Warburton, P. 'The Market for Labor in Interwar
Britain', Explorations in Economic History, vol.28
Broadberry, S.N. (1990) 'The Emergence of Mass Unemployment: Explaining
Macroeconomic Trends in Britain During the Trans-World War I Period',
Economic History Review, vol. 43
See also the comments by Glynn and Booth and the reply by Broadberry
in Economic History Review, vol. 45, 1992
Broadberry, S.N. and Ritschl, A. (1995) 'Real Wages, Productivity
and Unemployment in Britain and Germany During the 1920s', Explorations
in Economic History, vol. 32
Capie, F. (1987) 'Unemployment and Real Wages' in S. Glynn and
R. Booth (eds.) The Road to Full Employment
Casson, M. (1983) Economics of Unemployment: A Historical Perspective
Crafts, N.F.R. (1987) 'Long-Term Unemployment in Britain in the
1930s', Economic History Review, vol. 40
Eichengreen, B. and Hatton, T.J. (1988) Interwar Unemployment
in International Perspective [esp. Chs.1,3]
Garside, W.R. (1987) 'The Real Wage Debate and British Interwar
Unemployment' in S. Glynn and A. Booth (eds.) The Road to Full
Employment
Hatton, T.J. (1985) 'Structural Aspects of Unemployment in Britain
Between the Wars', Research in Economic History, vol. 10
Metcalf, D., Nickell, S.J and Floros, N. (1982) 'Still Searching
for an Explanation of Unemployment in Interwar Britain', Journal
of Political Economy, vol. 90
Thomas, M. (1992) 'Institutional Rigidity in the British Labour
Market, 1870-1939: A Comparative Perspective', in S.N. Broadberry
and N.F.R. Crafts (eds) Britain in the International Economy,
1870-1939
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8. The Recovery in the 1930s
General Reading - Recent Texts
*Alford, B.W.E. (1972) Depression and Recovery? British Economic
Growth, 1918-1939
*Worswick, G.D.N. (1984) 'The Sources of Recovery in the United
Kingdom in the 1930s', National Institute Economic Review,
no. 110, November
Aldcroft, D.H. (1970) The Interwar Economy: Britain, 1919-1939
[Ch.2]
Richardson, H.W. (1967) Economic Recovery in Britain, 1932-1939
Youngson, A.J. (1960) The British Economy, 1920-1957 [esp.
Ch.4]
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General Reading - Earlier Studies
*Lewis, W.A. (1949) Economic Survey, 1919-1939
Arndt, H. (1943) Economic Lessons of the 1930s
British Association for the Advancement of Science (1937) Britain
in Recovery
Kahn, A.E. (1946) Great Britain in the World Economy
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New Industries
*Richardson, H.W. (1961) 'The New Industries Between the Wars'
Oxford Economic Papers, vol. 13
*Richardson, H.W. (1962) 'The Basis of Economic Recovery in the
1930s', Economic History Review, vol. 15, 1962
Both reprinted in D.H. Aldcroft and H.W. Richardson (eds.) (1969)
The British Economy, 1870-1939
Buxton, N.K. and Aldcroft, D.H. (1979) British Industry Between
the Wars [esp. Chs.1-4]
von Tunzelmann, G.N. (1982) 'Structural Change and Leading Sectors
in British Manufacturing, 1907-1968' in Kindleberger, C.P. and di
Tella, G. (eds.) Economics in the Long View, vol. 3
Weir, R. (1989) 'Rationalization and Diversification in the Scotch
Whisky Industry, 1900-1939: Another Look at Old and New Industries',
Economic History Review, vol. 42
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Housebuilding
*Humphries, J. (1987) 'Interwar Housebuilding, Cheap Money and
Building Societies: the Housing Boom Revisited', Business History
*Richardson, H.W. (1967) Economic Recovery in Britain, 1932-1939
[Ch.7]
Aldcroft, D.H. and Richardson, H.W. (1968) Building in the British
Economy Between the Wars
Broadberry, S.N. (1987) 'Cheap Money and the Housing Boom in Interwar
Britain: an Econometric Appraisal', Manchester School, vol.
55
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Cheap Money
*Howson, S (1975) Domestic Monetary Management in Britain, 1919-38
[Ch.5]
*Richardson, H.W. (1967) Economic Recovery in Britain, 1932-1939
[Ch.8]
Capie, F.H., Mills, T.C. and Wood, G.E. (1986) 'Debt Management
and Interest Rates: the British Stock Conversion of 1932', Applied
Economics, vol.18
Morton, W.A. (1943) British Finance, 1930-1940
Nevin, E. (1953) 'The Origins of Cheap Money, 1931-1932', Economica,
vol. 20
Nevin, E. (1955) The Mechanism of Cheap Money [esp. Chs.6-8]
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Tariff Protection
*Capie, F. (1983) Depression and Protectionism: Britain Between
the Wars
*Kitson, M. and Solomou, S. (1990) Protectionism and Economic
Revival: the British Interwar Economy
*Kitson, M., Solomou, S. and Weale, M. (1991) 'Effective Protection
and Economic Recovery in the United Kingdom During the 1930s', Economic
History Review, vol. 44 [plus reply by Capie]
Benham, F.C. (1940) Great Britain Under Protection
Eichengreen, B.R. (1981) 'Sterling and the Tariff, 1929-32' Princeton
Studies in International Finance, no. 48
Richardson, H.W. (1967) Economic Recovery in Britain, 1932-1939
[Ch.10]
Rooth, T. (1993) British Protectionism and the International
Economy: Overseas Commercial Policy in the 1930s
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The Efficacy of the 'Keynesian Solution'
*Garside, W.R. (1985) 'The Failure of the Radical Alternative:
Public Works, Deficit Finance and British Interwar Unemployment',
Journal of European Economic History, vol. 14
*Garside, W.R. and Hatton, T.J. (1983) 'Keynesian Policy and British
Unemployment in the 1930s', Economic History Review, vol.
36
*Hatton, T.J. (1987) 'Unemployment in the 1930s and the 'Keynesian'
Solution: Some Notes of Dissent', Australian Economic History
Review, vol. 25
Booth, A. and Pack, M. (1985) Employment, Capital and Economic
Policy: Great Britain, 1918-1939 [esp. Ch.8]
Dimsdale, N. and Horsewood, N. 'Fiscal Policy and Employment in
Interwar Britain: Some Evidence from a New Model', Oxford Economic
Papers, vol. 47
Garside, W.R. (1990) British Unemployment, 1919-1939: A Study
in Public Policy
Glynn, S. and Booth, A. (1983) 'Unemployment in Interwar Britain:
A Case for Relearning the Lessons of the 1930s', Economic History
Review, vol. 36
Glynn, S. and Booth, R. (eds.) (1987) The Road to Full Employment
Glynn, S. and Howells, P.G. (1980) 'Unemployment in the 1930s:
the 'Keynesian Solution' Reconsidered', Australian Economic History
Review, vol. 20
Matthews, K.G.P. (1989) 'Could Lloyd George Have Done it? The Pledge
Re-Examined', Oxford Economic Papers, vol.41
Peden, G.C. (1984) 'The 'Treasury View' on Public Works and Employment
in the Interwar Period', Economic History Review, vol. 37
Thomas, M. (1983) 'Rearmament and Economic Recovery in the Late
1930s', Economic History Review, vol. 36
Turner, P. (1991) 'Wealth Effects and Fiscal Policy in the 1930s'.
Economic History Review, vol.44
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9. Fiscal Policy and the 'Keynesian Revolution'
General Reading
*Feinstein, C.H. (ed.) (1983) The Managed Economy [Introduction
and Chs.2,5,6]
*Middleton, R.C. (1985) Towards the Managed Economy: Keynes,
the Treasury and the Fiscal Policy Debate of the 1930s [esp.
Chs.5-9]
Booth, A. (1987) 'Britain in the 1930s: A Managed Economy', Economic
History Review, vol. 40
See also the comments by Peden and Middleton and the reply by
Booth, Economic History Review, vol. 42, 1989
Booth, A. (1989) British Economic Policy 1931-1949: Was There
a Keynesian Revolution?
Clarke, P. (1988) The Keynesian Revolution in the Making, 1924-1936
[Ch.3]
Garside, W.R. (1990) British Unemployment, 1919-1939: A Study
in Public Policy
Glynn, S. and Booth, R. (eds.) (1987) The Road to Full Employment
Peden, G.C. (1987) Keynes, the Treasury and British Economic
Policy
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The Keynesian Revolution
*Booth, A. (1983) 'The 'Keynesian Revolution' in Economic Policy-Making',
Economic History Review, vol. 36
See also the comments by Tomlinson, Economic History Review,
vol. 37, 1984, and Rollings, Economic History Review, vol.
38, 1985 and the replies by Booth
*Rollings, N. (1988) 'British Budgetary Policy, 1945-1954: A 'Keynesian
Revolution'?', Economic History Review, vol. 41
Middleton, R.C. (1982) 'The Treasury in the 1930s: Political and
Administrative Constraints to Acceptance of the 'New' Economics',
Oxford Economics Papers, vol. 34
Peden, G.C. (1980) 'Keynes, the Treasury and Unemployment in the
late 1930s', Oxford Economics Papers, vol. 32
Peden, G.C. (1983) 'Sir Richard Hopkins and the 'Keynesian Revolution'
in Employment Policy, 1929-1945', Economic History Review,
vol. 35
Tomlinson, J. (1987) Employment Policy: The Crucial Years, 1939-1955
Tomlinson, J. (1990) Pubic Policy and the Economy Since 1900
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10. Postwar Demand Management
General Reading
*Barnett, C. (1986) The Audit of War: the Illusion and Reality
of Britain as a Great Nation
*Matthews, R.C.O. (1968) 'Why has Britain had Full Employment Since
the War?', Economic Journal, vol. 78. reprinted in C. Feinstein
(1983) The Managed Economy Cairncross, A. (1992) The British
Economy Since 1945
*Tomlinson, J. (1985) British Macroeconomic Policy Since 1940
Feinstein, C.H. (ed.) (1983) The Managed Economy
Floud, R.C. and McCloskey, D. (eds.) (1994) The Economic History
of Britain Since 1700, 2nd edition, vol. 3, 1939 to 1992
[Chs.2,3,8,9]
Hatton, T.J. and Chrystal, K.A. (1991) 'The Budget and Fiscal Policy'
in N.F.R. Crafts and N. Woodward The British Economy Since 1945
Hopkin, B. (1981) 'The Development of Demand Management' in F.
Cairncross (ed.) Changing Perceptions of Economic Policy
Milward, R. (1997) 'The Postwar Nationalizations in Britain: Means
to an End or the Means of Production', Economic History Review,
Vol. 50
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Further Reading
*Dimsdale, N. 'British Monetary Policy Since 1945' in N.F.R. Crafts
and N. Woodward (eds.) The British Economy Since 1945
*Mosley, P. (1984) The Making of Economic Policy [esp.
Chs.8-14]
Beckerman, W. (1972) The Labour Government's Economic Record,
1964-1970 [esp. Chs.1,8]
Blackaby, F.T. (1978) British Economic Policy, 1960-1974: Demand
Management [esp. Chs.1,2,14]
Brittan, S. (1969) Steering the Economy [esp. Chs.5-9]
Cairncross, A.K. (1971) Essays in Economic Management [esp.
Chs.4-6]
Cross, R. (1982) Economic Theory and Policy in the United Kingdom
[esp. Chs.11-19]
Dow, J.C.R. (1964) The Management of the British Economy, 1945-1960
Matthews, R.C.O. and Sargent, J.R. (eds.) (1983) Contemporary
Problems of Economic Policy - Essays from the Clare Group [esp.
introduction and Chs.2,5,6]
See also the readings for topics 7 and
9
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11. Unemployment and Inflation
*Broadberry, S.N. (1994) 'Employment and Unemployment', in R.C.
Floud and D.N. McCloskey (eds) (1994) The Economic History of Britain
since 1700, 2nd edn. Vol. 3: 1939-1992
*Broadberry, S.N. (1994) 'Why was Unemployment in Postwar Britain
so Low?', Bulletin of Economic Research, vol.46
*Woodward, N.W.C. (1991) 'Inflation' in N.F.R. Crafts and N. Woodward
(eds.) The British Economy Since 1945
Allsopp, C. (1982) 'Inflation' in A. Boltho (ed.) The European
Economy: Growth and Crisis
Ball, R.J. and Burns, T. (1976) 'The Inflationary Mechanism in
the UK Economy', American Economic Review, vol. 66. Reprinted
in C. Feinstein (1983) The Managed Economy
Broadberry, S. (1991) 'Unemployment' in N.F.R. Crafts and N. Woodward
(eds.) The British Economy Since 1945
Budd, A. and Dicks, G. 'Inflation - A Monetarist Interpretation'
in A. Boltho (ed.) The European Economy: Growth and Crisis
Bruno, M. and Sachs, J.D. (1985) The Economics of Worldwide
Stagflation
Glynn, S. (1991) No Alternative: Unemployment in Britain
Hirsch, F. and Goldthorpe, J.H. (eds.) (1978) The Political
Economy of Inflation [esp. Chs. 1,8,9]
Layard, R., Nickell, S. and Jackman, R. (1991) Unemployment,
Macroeconomic Performance and the Labour Market
Matthews, R.C.O. (1968) 'Why has Britain had Full Employment Since
the War?', Economic Journal, vol.78
Parkin, M. and Sumner, M.T. (eds.) (1978) Inflation in the United
Kingdom
Stafford, G.B. (1970) 'Full Employment Since the War: Comment',
Economic Journal, vol.80 [and Matthews' response]
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12. Balance of Payments Problems and Deindustrialisation
General Reading
*Cairncross, A.K. and Eichengreen, B.J. (1983) Sterling in Decline:
the Devaluations of 1931, 1949 and 1967
*Foreman-Peck, J. (1991) 'Trade and the Balance of Payments' in
N.F.R. Crafts and N. Woodward (eds.) The British Economy Since
1945
*McCombie, J.S.L. and Thirlwall, A.P. (1994) Economic Growth
and the Balance-of-Payments Constraint
Blackaby, F. (ed.) (1978) Deindustrialisation [Chs.1,2,8,10]
Crafts, N.F.R. (1993) Can De-Industrialisation Seriously Damage
Your Wealth? A Review of Why Growth Rates Differ and How to Improve
Economic Performance
Lee, C.H. (1986) The British Economy Since 1700: A Macroeconomic
Perspective [esp. Ch.11]
Mayes, D. and Soteri, S. (1994) 'Does Manufacturing Matter', in
T. Buxton, P. Chapman and P. Temple (eds) (1994) Britain's Economic
Performance
NIESR (1967) 'The Effects of Devaluation and the Balance of Payments',
National Institute Economic Review, 42
Rowthorn, R.E. and Wells, J.R. (1987) De-industrialisation and
Foreign Trade [esp. Chs.1,10,11]
Stafford, G.B. (1989) 'De-industrialisation in Advanced Economies',
Cambridge Journal of Economics, vol. 13
Thirlwall, A. (1982) 'De-industrialisation in the UK', Lloyds
Bank Review
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Further Reading
*Prais, S.J. (1981) Productivity and Industrial Structure [esp.
Chs.1,7,19]
*Thirlwall, A. and Gibson, H.D. (1992) Balance of Payments Theory
and the UK Experience, 4th edition
Kirkpatrick, A. and Lawson, T. (1980) 'On the Nature of Industrial
Decline in the United Kingdom', Cambridge Journal of Economics,
vol. 4
Matthews, R.C.O., Feinstein, C.H. and Odling-Smee, J.C. (1982)
British Economic Growth, 1856-1973 [Ch.8]
Singh, A. (1977) 'UK Industry and the World Economy: A Case of
Deindustrialisation', Cambridge Journal of Economics, vol.
1. Reprinted in C.H. Feinstein (1983) The Managed Economy
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13. Economic Growth
General Reading
*Crafts, N.F.R. and N. Woodward (1991) The British Economy Since
1945 [esp. Chs.1,9]
*Floud, R.C. and McCloskey, D. (eds.) (1994) The Economic History
of Britain Since 1700, 2nd edition, vol. 3, 1939 to 1992
[Chs.2-4]
*Matthews, R.C.O. and Bowen, A. (1988) 'Keynesian and Other Explanations
of Post-War Macroeconomic Trends' in W. Eltis and P. Sinclair, Keynes
and Economic Policy: The Relevance of the General Theory after Fifty
Years
Alford, B.W.E. (1987) British Economic Performance Since 1945
Beckerman, W. (ed.) (1979) Slow Growth in Britain: Causes and
Consequences
Boltho, A. (1982) The European Economy: Growth and Crisis
[Ch.1]
Cairncross, A. (1992) The British Economy Since 1945
Cairncross, F. and Cairncross, A.K. (1992) The Legacy of the
Golden Age: The 1960s and Their Economic Consequences
Crafts, N. and Toniolo, G. (eds.) (1996) Economic Growth in
Europe Since 1945 [esp. Chs.1,2,6]
Lee, C.H. (1986) The British Economy Since 1700: A Macroeconomic
Perspective
Maddison, A. (1991) Dynamic Forces in Capitalist Development
Marglin, S. and Schwor, J. (eds.) (1990) The Golden Age of Capitalism:
Reinterpreting the Postwar Experience
Matthews, R.C.O. (ed.) (1982) Slower Growth in the Western World
Matthews, R.C.O., Feinstein, C.H. and Odling-Smee, J.C. (1982)
British Economic Growth, 1856-1973 [esp. Chs.16,17]
Stafford, G.B. (1981) The End of Economic Growth Wright,
J.F. (1979) Britain in the Age of Economic Management
Tomlinson, J. (1991) 'The Failure of the Anglo-American Council
on Productivity', Business History, vol.33
See also the reading for topic 10
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Human Capital
*Aldcroft, D.H. (1992) Education, Training and Economic Performance,
1944 to 1990
*Broadberry, S.N. (1997) The Productivity Race [Ch.8]
Daly, A. (1982) 'The Contribution of Education to Economic Growth
in Britain: a Note on the Evidence', National Institute Economic
Review
Maddison, A. (1991) Dynamic Forces in Capitalist Development:
A Long-Run Comparative view
Matthews, R.C.O., Feinstein, C.H. and Odling-Smee, J.S. (1982)
British Economic Growth, 1856-1973, [ch. 4]
NIESR (1991) Productivity, Education and Training: Britain and
Other Countries Compared
Prais, S.J. and Wagner, K. (1985) 'School Standards in England
and Germany: Some Summary Comparisons Bearing on Economic Performance',
National Institute Economic Review, 112
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Industrial Relations
*Pratten, C.F. (1976) Labour Productivity Differentials within
International Companies
*Richardson, R. (1991) 'Trade unions and industrial relations',
in N.F.R. Crafts and N.W.C. Woodward (eds) The British Economy
since 1945
Barnett, C. (1986) The Audit of War: the Illusion and Reality
of Britain as a Great Nation
Durcan, J.W., McCarthy, W.E.J., and Redman, G.P. (1983) Strikes
in Post-War Britain: a Study of Stoppages Due to Industrial Disputes,
1946-73
Lintner, V.G. et al (1987) 'Trade Unions and Technological
Change in the UK Mechanical Engineering Industry', British Journal
of Industrial Relations, vol.25
Smith, D.C. (1980) 'Trade Union Growth and Industrial Disputes'
in R.E. Caves and L.B. Krause (eds) Britain's Economic Performance
Ulman, L. (1968) 'Collective Bargaining and Industrial Efficiency',
in R.E. Caves (and Associates) (ed.) Britain's Economic Prospects
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14. Comparative Growth and Catch-up
*Broadberry, S.N. (1997) 'The Long Run Growth and Productivity
Performance of the United Kingdom', Scottish Journal of Political
Economy, vol. 44
*Broadberry, S.N. (1997) The Productivity Race: British Manufacturing
in International Perspective, 1850-1990
*Crafts, N.F.R. (1998) 'Forging Ahead and Falling Behind: The Rise
and Relative Decline of the First Industrial Nation', Journal
of Economic Perspectives
*Tomlinson, J. (1996) 'Inventing 'Decline': The Falling Behind
of the British Economy in the Postwar Years', Economic History
Review, vol. 49
Abramovitz, M. (1986) 'Catching Up, Forging Ahead and Falling Behind',
Journal of Economic History, vol. 46
Broadberry, S.N. (1993) 'Manufacturing and the Convergence Hypothesis:
What the Long-Run Data Show', Journal of Economic History,
vol. 53
Crafts, N. and Toniolo, G. (eds.) (1996) Economic Growth in
Europe Since 1945 [esp. Chs.1,3,5]
Davies, S.W. and Caves, R.E. (1987) Britain's Productivity Gap
Dowrick, S. and Duc-Tho, N. (1989) 'OECD Comparative Economic Growth,
1950-1985: Catch-up and Convergence', American Economic Review,
vol. 79
Feinstein, C.H. (1990) 'Benefits of Backwardness and Costs of Continuity'
in A. Graham and A. Seldon (eds.) Government and Economies in
the Postwar World: Economic Policies and Comparative Performance,
1945-1985
Maddison, A. (1991) Dynamic Forces in Capitalist Development
Olson, M. (1982) The Rise and Decline of Nations
Porter, M. (1990) The Competitive Advantage of Nations
Williamson, J.G. (1996) 'Globalization, Convergence, and History'
Journal of Economic History, vol. 56
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