Britain’s Economic Problem Revisited

Britain’s Economic Problem Revisited
Author: Robert Bacon
Publisher: Springer
Total Pages: 320
Release: 1996-04-22
Genre: Business & Economics
ISBN: 1349246131

This 1996 edition of Britain's Economic Problem opens with a substantial new chapter, 'Bacon and Eltis after 20 Years', in which the authors assess the impact of the policies of successive Conservative governments to bring British public expenditure under control. They also develop their theory and apply it to Sweden which has experienced the greatest increase in public expenditure of any European economy. This edition includes a complete reprint of the 1978 second edition of Britain's Economic Problem: Too Few Producers which Harry G. Johnson described as 'interesting, both for its explanation of 'the British disease' and for the economic-theoretical foundations on which its analysis is based'. The original book provided a new explanation of the decline of the British economy which showed how a growing shift of Britain's resources from the production of goods and services which can be marketed at home and overseas to the provision of unmarketed public services simultaneously:- reduced the rate of growth and weakened the balance of payments - reduced investment and the economy's ability to provide productive jobs - fuelled the accelerating inflation and obstructive trade union behaviour from which Britain suffered.

An Affluent Society?

An Affluent Society?
Author: Lawrence Black
Publisher: Routledge
Total Pages: 282
Release: 2017-07-28
Genre: History
ISBN: 1351959174

During an election speech in 1957 the Prime Minister, Harold Macmillan, famously remarked that 'most of our people have never had it so good'. Although taken out of context, this phrase soon came to epitomize the sense of increased affluence and social progress that was prevalent in Britain during the 1950s and 1960s. Yet, despite the recognition that Britain had moved away from an era of rationing and scarcity, to a new age of choice and plenty, there was simultaneously a parallel feeling that the nation was in decline and being economically outstripped by its international competitors. Whilst the study of Britain's postwar history is a well-trodden path, and the paradox of absolute growth versus relative decline much debated, it is here approached in a fresh and rewarding way. Rather than highlighting economic and industrial 'decline', this volume emphasizes the tremendous impact of rising affluence and consumerism on British society. It explores various expressions of affluence: new consumer goods; shifting social and cultural values; changes in popular expectations of policy; shifting popular political behaviour; changing attitudes of politicians towards the electorate; and the representation of affluence in popular culture and advertising. By focusing on the widespread cultural consequences of increasing levels of consumerism, emphasizing growth over decline and recognizing the rising standards of living enjoyed by most Britons, a new and intriguing window is opened on the complexities of this 'golden age'. Contrasting growing consumer expectations and demands against the anxieties of politicians and economists, this book offers all students of the period a new perspective from which to view post-imperial Britain and to question many conventional historical assumptions.

British Economic Growth, 1270–1870

British Economic Growth, 1270–1870
Author: Stephen Broadberry
Publisher: Cambridge University Press
Total Pages: 503
Release: 2015-01-22
Genre: Business & Economics
ISBN: 1107070783

This is the first systematic quantitative account of British economic growth from the thirteenth century to the Industrial Revolution.

The Impact of the English Civil War on the Economy of London, 1642–50

The Impact of the English Civil War on the Economy of London, 1642–50
Author: Ben Coates
Publisher: Routledge
Total Pages: 356
Release: 2017-03-02
Genre: History
ISBN: 1351887890

When the English Civil War broke out, London’s economy was diverse and dynamic, closely connected through commercial networks with the rest of England and with Europe, Asia and North America. As such it was uniquely vulnerable to hostile acts by supporters of the king, both those at large in the country and those within the capital. Yet despite numerous difficulties, the capital remained the economic powerhouse of the nation and was arguably the single most important element in Parliament’s eventual victory. For London’s wealth enabled Parliament to take up arms in 1642 and sustained it through the difficult first year and a half of the war, without which Parliament’s ultimate victory would not have been possible. In this book the various sectors of London’s economy are examined and compared, as the war progressed. It also looks closely at the impact of war on the major pillars of the London economy, namely London’s role in external and internal trade, and manufacturing in London. The impact of the increasing burden of taxation on the capital is another key area that is studied and which yields surprising conclusions. The Civil War caused a major economic crisis in the capital, not only because of the interrelationship between its economy and that of the rest of England, but also because of its function as the hub of the social and economic networks of the kingdom and of the rest of the world. The crisis was managed, however, and one of the strengths of this study is its revelation of the means by which the city’s government sought to understand and ameliorate the unique economic circumstances which afflicted it.

Britain's Economic Prospects Reconsidered

Britain's Economic Prospects Reconsidered
Author: Alec Cairncross
Publisher: Routledge
Total Pages: 249
Release: 2013-11-05
Genre: Business & Economics
ISBN: 1136589511

This book is a sequal to Britain's Economic Prospects, the report issued in 1968 by the Brookings Institution and universally accepted as the most thorough and comprehensive study of the British Economy to have ever appeared. Two years later, just after the British General election, six fo the American economists who prepared the Brookings Report met with a number of other leading economists from Britain and the United States, at a weekend conference at Ditchley Park, to review the findings of the report. Papers submitted to the conference by four of the British Economists (R.C.C. Matthews, G.D.N. Worswick, E.H. Phelps Brown and M.V. Posner) covered the same ground as the Brookings Report - the role of demand management, trade and balance-of-payments problems, labour policies, and industrial policies. The conference also had before it a fifth paper, on fiscal policy and stabilization, which took issue with some of the views expressed in the Brookings report. These papers form the core of this book, which also contains an account of the conference discussions and concluding reflections by its Chairman, Sir Alec Cairncross, formerly Chief Economic Adviser to H.M. Government. Britain's Economic Prospects Reconsidered is neither a detailed critique of the Brookings Report nor a rejoinder to it, but rather an attempt to reassess British performance and policies in the light of experience since devaluation. Its central concern is the question of why economic growth in Britain since the war has been slower than in other countries. This book was first published in 1971.

The Chicago Plan Revisited

The Chicago Plan Revisited
Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
Total Pages: 71
Release: 2012-08-01
Genre: Business & Economics
ISBN: 1475505523

At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

Britain's Productivity Problem, 1948-1990

Britain's Productivity Problem, 1948-1990
Author: M. Bufton
Publisher: Springer
Total Pages: 260
Release: 2004-06-30
Genre: History
ISBN: 0230508650

This volume examines attempted changes to industrial relations in Britain during 1948-1990, designed to promote institutional reforms of management and trade unions. Specific focus is given to the Donovan Commission and other trade union reforms, and incomes policies to connect pay more tightly with productivity. International initiatives of the AACP, BPC, and EPA are also included.

The Dream Revisited

The Dream Revisited
Author: Ingrid Ellen
Publisher: Columbia University Press
Total Pages: 643
Release: 2019-01-15
Genre: Social Science
ISBN: 0231545045

A half century after the Fair Housing Act, despite ongoing transformations of the geography of privilege and poverty, residential segregation by race and income continues to shape urban and suburban neighborhoods in the United States. Why do people live where they do? What explains segregation’s persistence? And why is addressing segregation so complicated? The Dream Revisited brings together a range of expert viewpoints on the causes and consequences of the nation’s separate and unequal living patterns. Leading scholars and practitioners, including civil rights advocates, affordable housing developers, elected officials, and fair housing lawyers, discuss the nature of and policy responses to residential segregation. Essays scrutinize the factors that sustain segregation, including persistent barriers to mobility and complex neighborhood preferences, and its consequences from health to home finance and from policing to politics. They debate how actively and in what ways the government should intervene in housing markets to foster integration. The book features timely analyses of issues such as school integration, mixed income housing, and responses to gentrification from a diversity of viewpoints. A probing examination of a deeply rooted problem, The Dream Revisited offers pressing insights into the changing face of urban inequality.