UNSPECIFIED (1996) British economic policy and industrial performance in the early post-war period. In: Economic-History-Society Conference, 1995, EDINBURGH, SCOTLAND.

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Abstract

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.

Item Type:	Conference Item (UNSPECIFIED)
Subjects:	H Social Sciences > HF Commerce H Social Sciences
Journal or Publication Title:	BUSINESS HISTORY
Publisher:	FRANK CASS CO LTD
ISSN:	0007-6791
Date:	October 1996
Volume:	38
Number:	4
Number of Pages:	28
Page Range:	65-&
Publication Status:	Published
Title of Event:	Economic-History-Society Conference
Location of Event:	EDINBURGH, SCOTLAND
Date(s) of Event:	1995
URI:	http://wrap.warwick.ac.uk/id/eprint/18322

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