The British Economy
Problems and Prospects
1st Edition
Published on 1. June 2026
Book
Hardback
240 pages
978-1-041-32633-5 (ISBN)
Description
Originally published in 1967, this book provides a detailed survey of economic events from the early 1950s to the late 1960s. It provides an excellent source of reference on economic policy issues and will also be invaluable as a textbook of mid-20th century economic history. Part 1 discusses demand management, the balance of payments and regional development before 1961. The authors stress the social and administrative aspects of Britain's mal du siecle. A turning point came in 1961 when the Conservatives set up the National Economic Development Council. This experiment in 'indicative planning' and the changes introduced by Labour after 1964 are described in Part 2. Despite short-term demand mismanagement by successive governments, 'indicative planning' has made it possible to introduce a number of constructive new measures, in particular prices and incomes policy, regional development and the modernization of economic structures to each of which the book devotes a chapter.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Postgraduate and Undergraduate Advanced
Product notice
Laminated cover
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 14 mm
Weight
426 gr
ISBN-13
978-1-041-32633-5 (9781041326335)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
06/2026
Routledge
€39.49
Available for download
E-Book
06/2026
Routledge
€39.49
Available for download
Persons
John Hackett worked as an economist with the Organization for Economic Co-operation and Development in Paris.
Anne-Marie Hackett was Conseiller Referendaire at the French Cour des Comptes.
Anne-Marie Hackett was Conseiller Referendaire at the French Cour des Comptes.
Content
Part 1: Key Problems I: A 'Mal du Siecle' ? 1. The Growth of the Economy 2. British Elites 3. The Affluent Society II: Demand Management, Or the Policy of 'Stop-Go' 1. What is Stop-Go'? 2. The Instruments of Demand Management Policy 3. Lessons of the 1950s III: The Balance of Payments and Its Problems 1. Evolution of the Balance of Payments Since the War 2. Short-Term Fluctuations in the Balance of Payments 3. The Pound Sterling IV: Regional Imbalance 1. The Facts 2. The Chosen Policies 3. The Balance Sheet Part 2: New Trends V: The First Planning Experiment: The Conservatives and the National Economic Development Council 1. Preliminary Questions 2. The Solution Adopted in 1961 3. Partial Failure of the 1961-6 Programme VI. Labour and Planning 1. Machinery of the Plan 2. Prospects of Growth, 1965-70 3. The Economic Situation Since October 1964 VII: In Seach of an Incomes Policy 1. The Facts 2. The Period 1961-4 3. The Labour Government VIII: Regional Restructuring 1. New General Measures of the Conservatives 2. Labour's Regional Policy 3. The New Regions - Some Case Studies IX: Modernization 1. The Elites 2. An Active Labour Market Policy 3. Science and Technology.