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Published in:
1996 | OriginalPaper | Chapter
Introduction
Author : Sir Alec Cairncross
Published in: Managing the British Economy in the 1960s
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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In the early post-war years in Britain there was little thought of the growing prosperity that lay ahead. The public was more concerned with the recovery of pre-war living standards, the threat of nuclear war and the danger of a post-war slump. As one crisis followed another, the government for some years held back consumption in the interests of industrial reconstruction and the balance of payments. Unemployment rather than economic growth was the dominant preoccupation.