The Golden Age of Capitalism
Reinterpreting the Postwar Experience
Published on 23. January 1992
Book
Paperback/Softback
340 pages
978-0-19-828741-4 (ISBN)
Description
For some twenty years after the Second World War, Keynesian economic policies in countries of the capitalist West were successful in generating rapid growth with high employment. This `golden age of capitalism' did not survive the economic traumas of the 1970s; nor has the more recent emphasis on monetarist policies and supply-side performance succeeded in regenerating comparable growth rates. Blending historical analysis with economic theory, this book seeks to understand the making and unmaking of this `golden age', questions the basis of much present policy-making, and suggests alternative directions for policy.
Reviews / Votes
this is a helpful book, addressing a central question which should be of concern to all economists * British Review of Economic Issues * first rate, commands attention, and deserves a very wide readership * Roger Middleton, University of Bristol, Economic History Review, Volume XLIV, No. 1 February 1991 * The work has a refreshing breadth * Development Policy Review * This is a notable book, overall, and one which should stay on as a handy reference for developments which occurred - between, and within OECD economies - till up to about 1987. The quality of the contributions, each one by authorities in the field, is uniformly high. The stress on political economy aspects, and the avoidance of `economism' is particularly refreshing. * Economic Times * This volume is a welcome addition to the growing literature on the nature of capitalist development in the advanced economies since the second world war ... this volume is a useful starting point for anyone attempting to discover the parameters of the golden age of capitalism. * John Armitage, University of Northumbria at Newcastle, Review of Political Economy 6.2 *More details
Series
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Illustrations
line drawings, tables
Dimensions
Height: 234 mm
Width: 156 mm
Thickness: 19 mm
Weight
524 gr
ISBN-13
978-0-19-828741-4 (9780198287414)
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
Persons
Content
Lal Jayawardena: Preface; Stephen A. Marglin: Lessons of the golden age: an overview; Andrew Glyn, Alan Hughes, Alan Lipietz, & Ajit Singh: The rise and fall of the golden age; Gerald Epstein, & Juliet Schor: Macropolicy in the rise and fall of the golden age; Stephen A. Marglin & Amit Bhaduri: Profit squeeze and Keynesian theory; Samuel Bowles, & Robert Boyer: A wage-led employment regime: income distribution, labour discipline, and aggregate demand in welfare capitalism; Bob Rowthorn, & Andrew Glyn: The diversity of unemployment experience since 1973; Masahiko Aoki: A new paradigm of work organization and co-ordination: lessons from Japanese experience; references; index.