Singh, Ajt (2008): Historical Examination of the Golden Age of Full Employment in Western Europe. Published in: Missing Links in the Unemployment Relationship, Arestis, P and McCombie, J (eds) (2009): pp. 51-71.
Download (109kB) | Preview
The main purpose of this paper is to review the lessons of the “Golden Age” with respect to establishing and maintaining full employment in advanced countries.
The golden age, generally regarded as spanning 1950-1973 was a unique period in West European economic history. During this period of about 25 years following the end of the Second World War, the West European economies expanded at the unprecedented rate of 5 per cent per annum, nearly twice the rate recorded during any previous phase, and more than twice the average rate of growth from 1820 to 1950.
|Item Type:||MPRA Paper|
|Original Title:||Historical Examination of the Golden Age of Full Employment in Western Europe|
|English Title:||Historical Examination of the Golden Age of Full Employment in Western Europe|
|Keywords:||Golden age of employment: Economic history|
|Subjects:||A - General Economics and Teaching > A1 - General Economics
B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B23 - Econometrics ; Quantitative and Mathematical Studies
|Depositing User:||Ajit Singh|
|Date Deposited:||29. Aug 2010 09:16|
|Last Modified:||15. Mar 2015 12:04|
Alesina (Alberto) and Giavazzi (Francesco). The Future of Europe: Reform or Decline. (Cambridge Mass and London: MIT Press, 2006.
Bhagwati [to be supplied]
Blanchard, Olivier. 2000. “The Economics of Unemployment.” Manuscript, Massachusetts Institute of Technology.
Blanchard, Olivier. 2004. “The Economic Future of Europe.” Journal of Economic Perspectives 18: 3-26.
Carlin, W. (2007). Review of Alesina and Giavazzi (2006). The Economic Journal, Vol. 117, No.524, Nov. 2007. pp F634 to F642.
Cohen (2007). Review of Alesina and Giavazzi (2006). The Economic Journal, Vol. 117, No.524, Nov. 2007. pp F642 to F647.
Crafts, N. and Toniolo, G. (eds.) (1996). Economic Growth in Europe since 1945, Cambridge: Cambridge University Press.
Crafts N. (1997). ‘Endogenous growth: lessons for and from economic history’ in D.M. Kreps and K.F. Wallis edited Advances in economics and econometrics: theory and application (Seventh World Congress: Volume II), Econometric Society Monographs No. 27. Cambridge University Press.
Eichengreen, B. ‘Institutions and Economic Growth in Europe after World War II’ in Crafts, N., Toniolo, G. (1996). Economic Growth in Europe since 1945, Centre for Economic Policy Research, Cambridge.
Eichengreen, B. (2007). European Economy since 1945. Princeton University Press.
Frenkel, Jacob A.; Johnson, Harry G. (eds.). 1976. The monetary approach to the balance of payments. London, George Allen and Unwin.
Freeman, Chris. 1989. “New technology and catching up”, in European Journal of Development Research (London), Vol. 1, No.1, pp. 85-99.
Freeman C. and Soete, L. 1997 The Economics of Industrial Innovation, Pinter, London.
Glyn, A.; Hughes, A.; Lipietz, ?, and Singh A. 1990. “The rise and fall of the Golden Age”, in S. Marglin and J. Schor (eds.): The Golden Age of capitalism. Oxford, Clarendon Press, pp. 39-125.
Glyn, Andrew, (2006). Capitalism Unleashed, Oxford University Press, 2006 [NOT IN TEXT]
John Hicks (1959) [To be supplied]
Kalecki, Michal. 1943. “Political aspects of full employment”, in Political Quarterly (Oxford), Vol. 14, No.4 (Oct.), pp. 322-331.
Kindelberger, C.A. (1992), ‘Why did the Golden Age last so long?’ in F. Cairncross and A. Cairncross (eds.) The Legacy of the Golden Age, The 1960s and Their Economic Consequences. Routledge, London. Maddison, Angus. (2001). ‘The World Economy: A Millennial Perspective’. Development Centre of the Organisation for Economic Co-operation and Develoment. (OECD) Paris.
Mathews (1968) [to be supplied]
Matthews, RCO and Bowen (1988) in Eltis W. and P.Sinclair. Keynes and economic policy: The relevance of the general theory after fifty years. Macmillan, London.
OECD (2000) Historical Statistics; Paris. [To be checked]
Olson, Mancur. 1982. The Rise and Decline of Nations. New Haven, Conn.: Yale University Press.
Olson, Mancur. 1996. “The Varieties of Eurosclerosis: The Rise and Decline of Nations since 1982.” In Economic Growth in Europe since 1945, ed. Nicholas Crafts and Gianni Toniolo, pp. 93-94. Cambridge: Cambridge University Press.
Phelps Edmund and Zoega Gylfi (2004). The Search for Routes to Better Economic Performance in Continental Europe. CES ifo Forum, Spring 2004, pp. 1-11.
Prescott Edward (2004). Review of Alesina and Giavazzi (2006). The Economic Journal, Vol. 117, No.524, Nov. 2007. pp F648 to F650.
Rodrik, D. (2001). The Global Governance of Trade As If Development Really Mattered, United Nations Development Programme Publications, UNDP.
Rodrik, D. and A. Subramanian (2004). Why India Can Grow At 7 Per Cent A Year or More- Projections and Reflections. Economic and Political Weekly, Special Article, 17 April 2004.
Singh, A. (1995). ‘Institutional Requirements for Full Employment in Advanced Economies’ International Labour Review, Vol. 134, No. 4-5.
Singh, Ajit (2007). Globalisation, Industrial Revolutions in India and China and Labour Markets in Advanced Countries: Implications for National and International Economic Policy. Working Paper No.81. International Labour Office, Geneva.
Spero, J.E. (1977). The politics of international economic relations. London, George Allen and Unwin.
Stiglitz, Joseph (1999). “Whither Reform? Ten Years of the Transition.” In Proceedings of Annual Bank Conference on Development Economics, pp. 1-32. Washington, D.C.: World Bank.
Stiglitz, Joseph (2002). Globalization and its Discontents. Allen Lane.
World Bank (1993), East Asian Miracle. World Bank, Washington D.C.