Monetary Regimes of the Twentieth Century

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Overview

This account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies. The narrative concentrates on developments in America, Europe and Japan from the era of the classical gold standard, via the era of policy intervention and reduced faith in the market to the present "neo-liberal" regimes. It is argued that no school of macroeconomics is right for all time; different theoretical models may be appropriate.

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Editorial Reviews

From the Publisher
'No one interested in twentieth-century economic performance in the major economies should miss this book.' History

'Andrew Britton has provided us with a concise account of changing economic policy regimes in the twentieth century.' English Historical Review

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Product Details

Meet the Author

Andrew Britton has been a Visiting Professor at the University of Bath since 1998. He was Director of the National Institute of Economic and Social Research between 1982 and 1995, when he left to join the Churches' Enquiry into Unemployment and the Future of Work.

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Table of Contents

Introduction: economics and history; 1. Before the First World War (1900-1914); 2. World War I and after; 3. Crisis and depression (1925-1939); 4. World War II and after (1939-1950); 5. The Golden age (1950-1965); 6. Policy failure (1965-1980); 7. Liberalisation (1980-1990); 8. Back to the beginning? (1990-1999).

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