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

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Factors in Business Enterprise and Efficiency,arious aspects of the industry’s expansion. For example, the number of cookers sold rose from 75,000 in 1930 to 250,000 by 1935, while the number of radio receivers increased from around half a million in 1930 to nearly two million by 1937. And, as with cars, production of these consumer goods was a
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Aspects of Economic Thought and Policy,ure was accounted for by interest payments on the national debt, as compared with 6 per cent in 1913. And the official attitude towards income and expenditure was dominated by the Treasury’s Gladstonian view that the reduction of the national debt was the primary task of public finance. Direct expen
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Labour, 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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Depression and Recovery,account 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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