Britain in the International Economy, 1870–1939 (Studies in Macroeconomic History) - Image 1

£73.29

Cambridge University Press Britain in the International Economy, 1870–1939 (Studies in Macroeconomic History)

Name: Britain in the International Economy, 1870-1939 (Studies in Macroeconomic History)
Brand: Cambridge University Press
Price: 73.29 GBP
Availability: InStock

Business & Economic History

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Description

During the 1950s and 1960s, research on the prewar British economy was influenced strongly by ideas from Keynesian macroeconomics. It is important to reexamine this period of history, asking to what extent the Keynesian vision offers useful insights into advances in time series analysis as well as developments in macroeconomics to answer this question. They show that a modified Keynesian approach continues to offer useful insights into this period of history. In particular, in the face of wage and price rigidities, shocks to aggregate demand are seen as an important source of fluctuations in real output and unemployment. Furthermore, a rigid attachment to simple rules rather than the exercise of discretion in policy making is seen to have had serious costs in the disturbed environment of the interwar period.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521418593
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 19 November 1992
Listed Since: 22 January 2007

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Cambridge University Press Britain in the International Economy, 1870–1939 (Studies in Macroeconomic History)

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