The British Economic Crisis

The process of change which the British economy is currently undergoing is rapid, unpredictable and increasingly disturbing and it is generally agreed to be in a critical state. This book assesses what is happening and proposes some means by which total collapse of the economy can be averted. Part one discusses the nature of the present crisis, assesses the historical background from the late 19th century through the post-war boom and analyzes what went wrong. Part two discusses the economists and economic theory - monetarism and general equilibrium theory, market economics and the divided legacy of Keynes and Kalecki. Part three asks if there is an answer and considers the alternatives. The book concludes with some international comparisons on managing an industrial economy.