The Golden Age of Capitalism: Reinterpreting the Postwar Experience

Paperback | October 1, 1991

EditorStephen A. Marglin, Juliet B. Schor

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For some twenty years after the Second World War, Keynesian economic policies in countries of the capitalist West were successful in generating rapid growth with high employment. This `golden age of capitalism' did not survive the economic traumas of the 1970s; nor has the more recent emphasison monetarist policies and supply-side performance succeeded in regenerating comparable growth rates. Blending historical analysis with economic theory, this book seeks to understand the making and unmaking of this `golden age', questions the basis of much present policy-making, and suggestsalternative directions for policy.

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For some twenty years after the Second World War, Keynesian economic policies in countries of the capitalist West were successful in generating rapid growth with high employment. This `golden age of capitalism' did not survive the economic traumas of the 1970s; nor has the more recent emphasison monetarist policies and supply-side perf...

Stephen A. Marglin and Juliet B. Schor are both at Harvard University.

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Format:PaperbackDimensions:340 pages, 9.21 × 6.14 × 0.79 inPublished:October 1, 1991Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198287410

ISBN - 13:9780198287414

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'This volume is a welcome addition to the growing literature on the nature of capitalist development in the advanced economies since the second world war ... this volume is a useful starting point for anyone attempting to discover the parameters of the golden age of capitalism.'John Armitage, University of Northumbria at Newcastle, Review of Political Economy 6.2