ISBN-13: 9780521436212 / Angielski / Miękka / 1996 / 208 str.
ISBN-13: 9780521436212 / Angielski / Miękka / 1996 / 208 str.
Characterized by mass unemployment, protectionism, diverse exchange rate regimes, the disintegration of the world trade, and poor long-term growth prospects, the interwar period was, by any standards, a remarkable one. This textbook provides a survey of the key macroeconomic questions that arose from the experience of the British economy from 1919 to 1939. A comparative approach is adopted throughout, placing the UK experience in the context of the world economy. The book continually applies economic theory to historical examples.