Years of Recovery was the first comprehensive study of the transition from war to peace in the British economy under the Labour government of 194551. It includes a full account of the successive crises and turning-points in those hectic years the coal and convertibility crises of 1947, devaluation in 1949 and rearmament in 1951. These episodes, apart from their dramatic interest, light up the dilemmas of policy and the underlying economic trends and pressures in a country delicately poised between economic disaster and full recovery. Many of the debates on economic policy that are...