The Management of the British Economy, 1945-2001

Download or read book The Management of the British Economy, 1945-2001 written by Nicholas Woodward and published by Manchester University Press. This book was released on 2004 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1945 British governments have played an active role in managing the economy in the interests of securing high employment, economic growth and low inflation with their approach evolving in response to changing economic circumstances, intellectual shifts and past policy failures. This book provides an overview of economic management, particularly financial management, and addresses how it has changed and why it has not always been successful. It examines the actual policies that were introduced, the problems that various governments faced in implementing them and how the approach to policymaking changed. It also examines the main phases of economic policymaking and the conduct of policymaking, as there is a widespread consensus that until recently, short-run economic management could have been more successful than it was.