Titlebook: Depression and Recovery?; British Economic Gro B. W. E. Alford Textbook 1972Latest edition Macmillan Publishers Limited 1972 depression.eco

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Sylwia Polberg,Anthony Hunter,Matthias ThimmCertain aspects of policy have already been considered. But before other areas are reviewed, it is as well to draw attention to the scale of the Government’s indirect effect on the economy. Even in the pre-war period U.K. public expenditure (central and local) average 12 per cent of gross national p

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Joerg Schoenfisch,Heiner Stuckenschmidtoyees rose from 11.5 million in 1923 to nearly 16 million by 1939. It must be emphasised, however, that figures for the total labour force are subject to some significant margin of error. Estimates have to be made, since not all workers were insured and it is practically impossible to calculate what

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Preference Inference Based on Pareto Modelsemains a substantial case against Norman and a small circle of Treasury officials and City bankers. Put simply, the argument is that restrictive monetary measures, which were aimed at restoring conditions suitable for the return of operation on the gold standard, created high unemployment and underm

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Joerg Schoenfisch,Heiner Stuckenschmidt these fears were not realised, the nature of the change in the population and the labour force did have immediate economic effects. It exacerbated the unemployment problem and reduced the level of occupational and geographical mobility.

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Joerg Schoenfisch,Heiner Stuckenschmidtaccount of these events is probably still that given in Keynes’s brilliant essay . (1919). Against this, if one takes a broader view, the effect of the war appears to have been predominantly one of exacerbating already existing weaknesses in the British economy; though the work of Ashworth (1960, 19

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