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In the early post-war years in Britain there was little thought of the growing prosperity that lay ahead. The public was more concerned with the recovery of pre-war living standards, the threat of nuclear war and the danger of a post-war slump. As one crisis followed another, the government for some years held back consumption in the interests of industrial reconstruction and the balance of payments. Unemployment rather than economic growth was the dominant preoccupation.
KeywordsMonetary Policy Current Account European Economic Community Rail Transport Income Policy
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Notes to Chapter 1: Introduction
- ‘Policies for Faster Growth’, National Institute Economic Review, February 1962, p. 55.Google Scholar
- ‘Policies for Faster Growth’, National Institute Economic Review, February 1962, pp. 55–56.Google Scholar
- This view is contested in J. K. Bowers, P. C. Cheshire, A. E. Webb and R. Weeden, ‘Some Aspects of Unemployment and the Labour Market, 1966–71’, in National Institute Economic Review, November 1972, pp. 75–88.Google Scholar