The Golden Age of Capitalism

1992/01/23 · 1 citation
Economics, Econometrics and Finance · Social Sciences · #Economic Theory and Policy #Economic Theory and Institutions #Political and Economic history of UK and US #Capitalism #Monetarism #Economics #Keynesian economics #Neoclassical economics #Monetary policy #Economic history #Political science #Law #Politics

paper · doi:10.1093/acprof:oso/9780198287414.001.0001

openalex publication_date 1992/01/23 · openalex created_date 2025/10/10 · openalex updated_date 2026/05/21

Abstract

Abstract 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 emphasis on 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’, question the basis of much present policy-making, and suggest alternative directions for policy.

Citations

• What Do Bosses Do?
• A General Equilibrium Approach To Monetary Theory
• Monetary Policy, Loan Liquidation, and Industrial Conflict: The Federal Reserve and the Open Market Operations of 1932
• Risk, Ambiguity, and the Savage Axioms
• Unemployment in Britain
• The Economic Consequences of President Mitterrand
• Economic Development with Unlimited Supplies of Labour
• Information, Incentives and Bargaining in the Japanese Economy
• Mr. Keynes on the Causes of Unemployment
• Existence of an Equilibrium for a Competitive Economy

Cited by

• Social democracy [wikipedia]