Themes in Macroeconomic History

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.