Titlebook: Understanding the UK Economy; Peter Curwen Book 1990 Macmillan Publishers Limited 1990 competition policy.economic policy.England.financia

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The Macroeconomy, bring them together at an early stage in our overall discussion. Whilst this necessarily means that Chapter 1 is less cohesive than those that follow, it is important to see its component parts as part of a ‘macroeconomic jigsaw puzzle’, which cannot fully be appreciated until every piece is put into its alloted place.

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Industry and Policy,, ultimately, the firm level. The other extreme takes a laissez-faire approach leaving everything to market forces. In the UK, these alternative views about industrial policy have been reflected in continuing controversy between the major political parties.

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Introduction,g of economics has arguably become increasingly pseudo-scientific, content to build ever more sophisticated models which are judged on virtually any criterion other than the amount of light which they shed upon the behaviour of economic agents in the real world. This, in its turn, has tended to detr

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The Macroeconomy,ce have an entire chapter given over to their analysis. A number, however, require less detailed treatment, and it is our main purpose in Chapter 1 to bring them together at an early stage in our overall discussion. Whilst this necessarily means that Chapter 1 is less cohesive than those that follow

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External Transactions,n an ‘open’ economy, both importing and exporting on a massive scale. Superficially this may simply be seen to reflect the difficulties which any nation the size of the UK must inevitably face in trying to be self-sufficient across the whole range of goods and services, but it is important to note b

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