Britain in the International Economy, 1870-1939

by S. N. Broadberry (Editor), N. F. R. Crafts (Editor)

Overview

This book examines the insights that Keynesian macroeconomics offers into the economic history of the prewar British economy. It adopts a modern economic approach to issues such as unemployment, the price level and exchange rates in the period 1870-1939, making use of the latest advances in time series analysis and macroeconomics. In addition to being of interest to economic historians, it is relevant to economists concerned with current policy issues, since it shows how far correct policy choices depend on particular historical circumstances. This book examines the insights that Keynesian macroeconomics offers into the economy.

Product Details

ISBN-13:	9780521418591
Publisher:	Cambridge University Press
Publication date:	11/19/1992
Series:	Studies in Macroeconomic History
Pages:	442
Product dimensions:	5.98(w) x 9.02(h) x 1.14(d)

Table of Contents

Foreword Bryan H. Sadler; 1. British macroeconomic history 1870–1939: overview and key issues S. N. Broadberry and N. F. R. Crafts; 2. An economic historians' introduction to modern time series techniques in econometrics Terence C. Mills; Part I. Great Britain and Fluctuations Under The Gold Standard 1870–1914: 3. The gold standard since Alec Ford Barry Eichengreen; 4. British economic fluctuations in the nineteenth century: is there a role for money? Forrest Capie; 5. British economic fluctuations 1851–1913: a perspective based on growth theory N. F. R. Crafts and Terence C. Mills; Part II. Price Behaviour 1870–1914: 6. Price determination under the gold standard: Britain 1880–1913 T. J. Hatton; 7. Import prices, economic activity and the general price level in the UK 1870–1913 Neil Blake; 8. Money and interest rates in Britain from 1870 to 1913 T. C. Mills and G. E. Wood; Part III. The Open Economy Context Of Price And Output Movements 1870–1914: 9. Silver, gold and the international monetary order 1851–96 P. L. Cottrell; 10. The world economy and pre-World War I Argentina C. K. Harley; Part IV. The Macroeconomy In The Interwar Years: 11. Institutional rigidity in the British labour market 1870–1939: a comparative perspective M. Thomas; 12. Employment and wages in the interwar period: the case of the staple industries Ian Gazeley and Patricia G. Rice; 13. The gold standard between the wars John Redmond; 14. Purchasing power parity and controls during the 1930s S. N. Broadberry and Mark P. Taylor; References; Index.