Britain’s Economic Problem Revisited

  • Authors
  • Robert Bacon
  • Walter Eltis

Table of contents

  1. Front Matter
    Pages i-xlvi
  2. Robert Bacon, Walter Eltis
    Pages 1-34
  3. Robert Bacon, Walter Eltis
    Pages 35-62
  4. Robert Bacon, Walter Eltis
    Pages 63-91
  5. Robert Bacon, Walter Eltis
    Pages 92-116
  6. Robert Bacon, Walter Eltis
    Pages 117-138
  7. Robert Bacon, Walter Eltis
    Pages 139-164
  8. Robert Bacon, Walter Eltis
    Pages 207-251
  9. Back Matter
    Pages 252-256

About this book

Introduction

This 1996 edition of Britain's Economic Problem opens with a substantial new chapter, 'Bacon and Eltis after 20 Years', in which the authors assess the impact of the policies of successive Conservative governments to bring British public expenditure under control. They also develop their theory and apply it to Sweden which has experienced the greatest increase in public expenditure of any European economy. This edition includes a complete reprint of the 1978 second edition of Britain's Economic Problem: Too Few Producers which Harry G. Johnson described as 'interesting, both for its explanation of 'the British disease' and for the economic-theoretical foundations on which its analysis is based'. The original book provided a new explanation of the decline of the British economy which showed how a growing shift of Britain's resources from the production of goods and services which can be marketed at home and overseas to the provision of unmarketed public services simultaneously:- reduced the rate of growth and weakened the balance of payments - reduced investment and the economy's ability to provide productive jobs - fuelled the accelerating inflation and obstructive trade union behaviour from which Britain suffered.

Keywords

growth Inflation production

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-349-24613-7
  • Copyright Information Palgrave Macmillan, a division of Macmillan Publishers Limited 1996
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Palgrave Economics & Finance Collection
  • Print ISBN 978-0-333-64771-4
  • Online ISBN 978-1-349-24613-7
  • About this book