British Economic Policy and Industrial Performance in the Early Post-War Period

Datos Bibliográficos

ID8420108
AutoresStephen Broadberry (0000-0003-2846-8193, University of Warwick, autor de correspondencia), S N Broadberry (University of Warwick), N F R Crafts (b London School of Economics and Political Science), Nicholas Crafts (0000-0002-1885-6240, London School of Economics and Political Science)
Año1996
Volumen38
Número4
Páginas65-91
Fecha de publicación1996-10-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaBusiness History (JOURNAL)
Identificadores de la revistaISSN: 0007-6791 • E-ISSN: 1743-7938
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00076799600000135
OpenAlexW1493799119
IdiomaEN
Citas recibidas28

This paper explores the implications of the post-war settlement for British industrial productivity performance during the period 1945–60. We argue that the exigencies of the situation at the end of the war precluded supply-side reforms which might have promoted faster growth. At the same time, however, the informal 'social contract' which emerged was conducive to low unemployment without inflation. Building upon our earlier findings for the 1930s, we show that the weakness of competition policy inhibited British catching-up on American productivity levels, while long-standing aspects of the British systems of human capital accumulation and industrial relations became more costly as industry adopted more American-style production methods. We support our conclusions with both econometric analysis and case studies

Competition (biology · Economic growth · Economic policy · Economics · Economy · Industrial Revolution · Inflation (cosmology · Labour economics · Market economy · Period (music · Political science · Productivity · Settlement (finance · Unemployment · World War II · Economic Growth and Productivity · Finance · Historical Economic and Social Studies · Law